{"id":91587,"date":"2016-06-25T07:06:16","date_gmt":"2016-06-25T11:06:16","guid":{"rendered":"http:\/\/countingpips.com\/?p=91587"},"modified":"2016-06-20T07:07:08","modified_gmt":"2016-06-20T11:07:08","slug":"stop-feeling-guilty-about-forex-losses","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/06\/stop-feeling-guilty-about-forex-losses\/","title":{"rendered":"Stop feeling guilty about Forex losses"},"content":{"rendered":"<div id=\"inves-3640205694\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">June 25, 2016<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><b>By Admiral Markets<\/b><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/fxmedia.s3.amazonaws.com\/articles\/herofullcropped1024x584.jpg\" \/><\/p>\n<p>Dear Traders,<\/p>\n<p>A losing streak can put a lot of emotional pressure on you.<\/p>\n<p>You may even start feeling guilty every time your trade falls through.<\/p>\n<p>If you feel guilty, you are either failing to make money\u2026<\/p>\n<p>&#8230;or failing to successfully build your life around your trading.<\/p><div id=\"inves-1007445245\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p>It&#8217;s always difficult to experience losses &#8211; but there is no way to trade without them.<\/p>\n<p>Successful trading depends on three major factors:<\/p>\n<ol>\n<li>profitable trading strategy that suits your style<\/li>\n<li>money management plan<\/li>\n<li>knowledge of trading psychology.<\/li>\n<\/ol>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/X53wYmu9f40\" width=\"640\" height=\"360\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>To succeed in this business, you should take into account every important aspect of trading.<\/p>\n<h2>Don&#8217;t take revenge<\/h2>\n<p>Experiencing a loss can impair your judgement.<\/p>\n<p>You may even start <a href=\"http:\/\/www.admiralmarkets.com\/analytics\/traders-blog\/4-solutions-to-revenge-trading\"><u>revenge trading<\/u><\/a> after a particularly bad trade.<\/p>\n<p>Emotional trading is a quick way to failure.<\/p>\n<p>Treat each trade as a separate event, with its own circumstances and motives.<\/p>\n<h2>Don&#8217;t feel that you made a bad decision<\/h2>\n<p>Take responsibility for your losses.<\/p>\n<p>I don&#8217;t mean you should feel guilty or punish yourself.<\/p>\n<p>But every mistake is a potential learning experience.<\/p>\n<p>Try to think what factors affected your results.<\/p>\n<p>Did you miss some important news?<\/p>\n<p>Did you misinterpret some economic event?<\/p>\n<p>Or maybe there was nothing you could have done to improve the situation.<\/p>\n<h2>Losses are a natural part of trading<\/h2>\n<p><a href=\"http:\/\/www.admiralmarkets.com\/analytics\/traders-blog\/trading-trends-we-love-and-hate\" target=\"_blank\">Trading<\/a> is an activity that requires a certain amount of time and effort.<\/p>\n<p>Losses are just another part of this activity.<\/p>\n<p>You can certainly minimise the risks and limit your losses, but they will still occur.<\/p>\n<p>Keep this mind, especially when you&#8217;re making big trades.<\/p>\n<p>Accepting the possibility of losses will make your trading life smoother.<\/p>\n<h2>Fear yourself, not the market<\/h2>\n<p>Almost every minute of trader&#8217;s life is full of important decisions.<\/p>\n<p>It&#8217;s no wonder many trader can feel fear or doubt.<\/p>\n<p>But fear of losses often leads to impulsive behaviour.<\/p>\n<p>Your inability to keep your emotion in check will cause:<\/p>\n<ol>\n<li>uncalculated risks<\/li>\n<li>revenge trading<\/li>\n<li>poor money management.<\/li>\n<\/ol>\n<h2>Be methodical<\/h2>\n<p>A simple loss or even a streak of losses does not make any significant impact on your trading career.<\/p>\n<p>Stubbornness is an important part of being a trader.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/lh6.googleusercontent.com\/lselsTAV-_7vuVKPMRtGVzSdlPXruajcCaiQMXZ8jfuW199MuoKODDzlUK5nO3cQw7S3M-hHxY_Ies_Cz9nR36_EeKrQM1TSBlbLC7tUjtCaKIx6MsckoYeGEPODZXncpLjLmqcC\" alt=\"table1024x512.png\" \/><\/p>\n<p>Stick to your action plan and make sure you enjoy your trading.<\/p>\n<p>Otherwise, why even start?<\/p>\n<p>Keep your risks low and develop a stress-free environment where making pips is fun.<\/p>\n<h2>Calculated risks are professional<\/h2>\n<p>With calculated risks, your account will stay in the positive even if you have losing months.<\/p>\n<p>Analyse your every trade and pre-plan your next move.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/lh4.googleusercontent.com\/OWLNxyUjQLTt8s9XowiUdmpIN1Fyu9_V0DXmGaDzJSRqpHRNYoc0DGnpPmyDasRkztoplJ02lURazPprF9aGH8nrUAMkApLW7YNH_XG2oLQbEKcs0t5Nk_QOTK4-4JDo9UvIKmA2\" alt=\"statement1024x512.png\" \/><\/p>\n<p>&nbsp;<\/p>\n<h2>Treat demo as live<\/h2>\n<p>Practice does not make perfect.<\/p>\n<p>Only<em> perfect <\/em>practice makes perfect.<\/p>\n<p>I often recommend trading on a demo account before going live.<\/p>\n<p>It is a good way to learn the ropes of Forex trading;<\/p>\n<p>&#8230;I became a full-time trader after a year as a demo trader.<\/p>\n<p>However, demo trading brings results <em>only<\/em> if you treat it as live trading.<\/p>\n<p>If you believe you&#8217;re trading with real money, you can&#8217;t simply dismiss your bad trading habits.<\/p>\n<h2>It&#8217;s not just about you<\/h2>\n<p>Many external factors decide the amount of money you will make or lose:<\/p>\n<ol>\n<li>leverage<\/li>\n<li>market conditions<\/li>\n<li>important macroeconomic events<\/li>\n<li>initial deposit<\/li>\n<li>how much time you put in your trading education<\/li>\n<li>the type of market you trade.<\/li>\n<\/ol>\n<p>Your earlier wins or losses shouldn&#8217;t affect your trading decisions.<\/p>\n<p>They are only yours to make.<\/p>\n<p><a href=\"http:\/\/www.admiralmarkets.com\/start-trading\" target=\"_blank\"><img decoding=\"async\" src=\"https:\/\/fxmedia.s3.amazonaws.com\/articles\/Live_Account-AMGeneric-6.jpg\" alt=\"trade forex and cfd\" \/><\/a><\/p>\n<p>Apart from financial independence, trading can also bring you personal satisfaction.<\/p>\n<p>If you do it the right way, there will be nothing between you and your happiness.<\/p>\n<p>Cheers and safe trading,<\/p>\n<p>Nenad<br \/>\n<b>Article by Admiral Markets<\/b><\/p>\n<p>Source: <a href=\"http:\/\/www.admiralmarkets.com\/analytics\/traders-blog\/stop-feeling-guilty-about-forex-losses\" target=\"_blank\">Stop feeling guilty about Forex losses<\/a><\/p>\n<hr style=\"border: 1px dotted #eee;\" \/>\n<p><a href=\"http:\/\/www.admiralmarkets.com\/\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2016\/03\/AdmiralMarkets-sig-1.png\" width=\"141\" height=\"87\" align=\"left\" \/><\/a><\/p>\n<p style=\"text-align: justify;\">Admiral Markets is a leading online provider, offering trading with Forex and CFDs on stocks, indices, precious metals and energy.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Admiral Markets Dear Traders, A losing streak can put a lot of emotional pressure on you. You may even start feeling guilty every time your trade falls through. If you feel guilty, you are either failing to make money\u2026 &#8230;or failing to successfully build your life around your trading. It&#8217;s always difficult to experience [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-91587","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/91587","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=91587"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/91587\/revisions"}],"predecessor-version":[{"id":91621,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/91587\/revisions\/91621"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=91587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=91587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=91587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}