How to Avoid Forex Losses In Forex Trading?

Aug 04, 2020 at 11:48
3,460 Views
63 Replies
Member Since Jul 09, 2020   20 posts
Aug 04, 2020 at 11:48
Forex Trading money alone is involved, unlike other enterprises with inventory, overhead and asset management. The forex losses here and there are also felt in absolute monetary value. Most variables are stable in the usual business cycle and income is not based on trends. Although certain factors in some cases affect the margin, the investment is largely risk-free. In the Forex trade, on the contrary, there is no assurance of profit or risk-free capital as trends are prone to change and profitable businesses are elusive. Even the investment can be traded for forex. By identifying the types of forex losses typically associated with forex losses and our tips to prevent forecast losses, Forex losses could actually be greatly reduced.

if you any suggestions please comment to me

Thank you
Member Since Jul 09, 2020   34 posts
Aug 04, 2020 at 12:05
Use reasonable leverage and learn money management.
Member Since Jul 27, 2020   102 posts
Aug 05, 2020 at 07:41
As much as I want to avoid losses in forex trading, you can't. It is never going to happen, however you can minimize the losses by
1. Learn about money management
2. Learn about risk management
3. Putting Stop Loss
4. Lower level of leverage
5. Trade with confidence but not too over confidence.
Member Since Jul 09, 2020   20 posts
Aug 05, 2020 at 10:21
IvanMelnik posted:
Use reasonable leverage and learn money management.
thank you
Member Since Dec 14, 2019   22 posts
Aug 05, 2020 at 17:50
A trader's failure to comply with or complete absence of a trading plan, which includes clear rules for entry and exit from the market, is almost 100% guarantee of failure to trade in the Forex market in the long term. As a rule, beginner traders have the same mistake. In case of failure, emotions take over the mind, and the beginner simply throws his trading plan, only exacerbating the situation and reapplying unprofitable trading methods. Such traders enter the position with all their deposits, ignore stop-losses and hold unprofitable positions, hoping for a quick reversal of the market, ignoring the reverse signals or interpreting them in their favor, presenting wishful thinking as real.
Member Since Jul 09, 2020   20 posts
Aug 06, 2020 at 09:43
thanks for your replay to all
Member Since Jul 09, 2020   20 posts
Aug 06, 2020 at 09:45
IvanMelnik posted:
Use reasonable leverage and learn money management.
thats correct
Thanks for you replay
Member Since Feb 11, 2016   7 posts
Aug 07, 2020 at 11:39
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Member Since Aug 07, 2020   75 posts
Aug 07, 2020 at 12:15
Until you gain a certain experience, you will not be able to trade without losses, the only thing that can make them minimal is working with a broker Amarkets, because they really have some of the best conditions.
Member Since Jul 09, 2020   20 posts
Aug 10, 2020 at 12:02
Thanks for your replay
Member Since Mar 18, 2019   98 posts
Aug 10, 2020 at 12:40
IvanMelnik posted:
Use reasonable leverage and learn money management.
without this you wont get anywhere haha
Member Since Apr 25, 2020   119 posts
Aug 11, 2020 at 03:36
It takes a lot of training to truly understand all aspects of trading.
Member Since Jul 19, 2020   318 posts
Aug 11, 2020 at 11:31
You can avoid losses by making a good and profitable strategy. A good strategy can overcome your losses.
Member Since Jul 19, 2020   788 posts
Aug 11, 2020 at 15:13
The more you learn in trading, the more your experience will progress. You have to learn first. There are 3 types of analysis which are fundamental analysis / technical analysis / sentimental analysis. In the midst of this analysis, the sentimental analysis seems to me to be the best. After analysis, you need to know about money management. You must know how to do risk management. You need to know how to use Stop Loss. Knowing all these things, you will benefit if you trade.
Member Since Jul 20, 2020   298 posts
Aug 28, 2020 at 04:22
To make a profit in Forex trading, you must first focus on the analysis. The better the analysis, the better the trading result. There are other parts of trading besides analysis which are very important for trading. That is money management, risk management, and trading discipline. If these 3 things are not in your trading, then no matter how good the analysis, you will lose at the end of the day. These are a part of human psychology which is very important for trading.
Member Since Jul 27, 2020   102 posts
Aug 28, 2020 at 07:43
Putting stop loss is one of the very good process to consider. You can always try demo trading if you are so unsure with your trading and see if you will be able to make profit or losses
Member Since Apr 15, 2020   83 posts
Aug 28, 2020 at 10:05
I have developed a good strategy and trading plan, I test it on a demo account, and then my losses become minimal.
Member Since Jul 29, 2020   4 posts
Sep 01, 2020 at 08:57
The best way is to use tested and profitable forex robots https://fxzig.com/ . This avoids the flaws of human psychology.
Member Since Aug 20, 2019   21 posts
Sep 01, 2020 at 17:06
1. Work more on a demo.
2. Do not increase risks.
3. Determine the allowable drawdown percentage.
4. Using current strategies.
5. Keeping statistics on a regular basis.
Member Since Apr 28, 2020   18 posts
Sep 01, 2020 at 18:35
None.
Because every trader, sooner or later, makes some mistakes in analysis or faces some speculation. And it's not a big deal, the main thing is to learn how to fix it quickly and work effectively further.
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