What should I do if I lose money in foreign exchange trading? How to recover the loss?

Foreign exchange trading can be done long or long, and there is no need to hold positions overnight, but this also leads to another problem: if you buy up and down, you will make a profit or you will lose. You are willing to continue trading under any circumstances, but what if you lose money? The first thing most people think about is to recover their losses in the shortest possible time. Today, the editor will talk to you about the mentality that many people have when they lose money, and how to recover their losses.

1. The mentality when losing money

We keep saying that we must make a plan before trading, and take any situation into consideration. When making a profit, most traders can continue to follow the plan to trade, but when losing money, many people will start to waver. When there are more and more, many traders will forget the trading plan and just want to recover the loss as soon as possible. If there is no certain self-control and without training, most people will not be able to overcome it. This point, this is human nature: unwilling to lose money, which is why most people in the market lose money, and only a small number of people can make profits.

2. Waiting for good opportunities to speculate

If you want to recover the loss immediately when you lose money, you must remain rational! First of all, you have to calm down and think about the corresponding risk if you want to recover the loss. We all know that no signal is 100%, so you must know where your risk is. If you are willing to bear the corresponding risk Make further plans. For example, if you just lost 100 yuan, if you want to recover the loss in the next transaction, you must bear the risk of at least 100 yuan. Is your position sufficient to bear this risk? When the answer is yes, do the next step: increase the amount.

When you are sure of this point, you must remember "don't be in a hurry". If you are in a hurry, your judgment will easily make mistakes, and you will easily trade in a bad position. When you lose money, you must slow down. It is best to take your eyes off the board and relax first. , continue to look for the next entry signal steadily, this time the screening signal must be more stringent, now that you have determined that you can bear the corresponding risk, then don’t think about the amount of money, all you have to do is to focus on the signal in front of you, be sure to Ask yourself to make a deal where you are most sure.

3. Leave him alone and continue trading

Compared with recovering the loss immediately, in fact, a better way is to ignore him at all. We must be clear that there are only two directions in foreign exchange trading, either profit or loss. We are playing a long-term probability game, so any transaction is right It doesn't make much sense for long-term trading, just like when you toss a coin 1000 times, the reverse of one of them does not affect the probability of the final positive and negative (50% each), for a truly rational person , the loss does not affect his trading model. Compared with recovering losses in a short period of time, what you need to do is to increase your trading winning rate to a certain level, and maintain rational trading in the market, which is the long-lasting way to make profits.

Loss is a link that every foreign exchange trader will face, and the key to determine whether you become an excellent or mediocre foreign exchange trader is your attitude when facing losses. If you always panic and want to recover the loss when you lose money, then you Doomed to fall into a cycle of losses, if you can calm down and not let previous transactions affect your plan, then you have already succeeded in half.