- Thread starter
- #21
True, any new trader should never invest their money and trad with it unless they learn how to trade and the basics of trading using the demo account on the trading platforms. we need to lean with the demo account.
How much did you lose from trading?
- Thread starter kirubel
- Start date
- Thread starter
- #24
You are right, trading have a lots of risks and losing money while trading is a common thing to happen, and we need to accept that before we starting online trade, i have also lost some money from it.
Losing money is an inevitable part of trading. It's important to understand that no one wins every trade. In fact, successful traders often emphasize the importance of managing risk and preserving capital rather than solely focusing on making profits.
Very rarely do people reveal their losses on trading platforms be it crypto, stock or forex. If we announce a loss, many other people give advice to stop or learn trading first, most professional traders also only share their wins, not losses.
You are right, if traders share their losses then it is the same as showing their incompetence, because there is no trader in this world who always wins in every trade whether on forex, stocks and crypto.
That's right but I shared to my close friends that I lose in binary trading with a broker but I didn't share my losses to my family. They may call me dumb and it surely hit me their mockery.
I have lost severally in my trading journey but the most that I have lost is $108.
I have lost a significant amount of money as a result of trading. One if the main reasons why I lose money was due to the fact that I never back tested my strategies in an effective manner.
I think almost all the people have lost some amount of money when it comes to trading. This is also true for traders who use stop loss. The stop loss could hit but still the price could go in the direction the trader wanted it to go.
