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How to Avoid Forex Losses In Forex Trading?
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tts_markets

Member Since Jul 09, 2020  20 posts TTSMarkets (tts_markets) Aug 10 at 12:02
Thanks for your replay

AdamCantor

Member Since Mar 18, 2019  98 posts Adam Cantor (AdamCantor) Aug 10 at 12:40
IvanMelnik posted:
Use reasonable leverage and learn money management.

without this you wont get anywhere haha

Kazile

Member Since Apr 25, 2020  61 posts Kazile Aug 11 at 03:36
It takes a lot of training to truly understand all aspects of trading.

GeorgeBischof

Member Since Jul 19, 2020  85 posts GeorgeBischof Aug 11 at 11:31
You can avoid losses by making a good and profitable strategy. A good strategy can overcome your losses.

AliaDare

Member Since Jul 19, 2020  69 posts AliaDare Aug 11 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.

LeviSievwright5

Member Since Jul 20, 2020  72 posts LeviSievwright5 Aug 28 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.

cardigan

Member Since Jul 27, 2020  48 posts cardigan Aug 28 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

Dorigda

Member Since Apr 15, 2020  59 posts Dorigda Aug 28 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.

fxzig

Member Since Jul 29, 2020  4 posts FXZig (fxzig) Sep 01 at 08:57
The best way is to use tested and profitable forex robots https://fxzig.com/ . This avoids the flaws of human psychology.

Beallador

Member Since Aug 20, 2019  12 posts Beallador Sep 01 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.

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.