How to Avoid Forex Losses In Forex Trading?

Aug 04, 2020 at 11:48
3,425 Views
63 Replies
Member Since Nov 02, 2021   73 posts
Dec 30, 2021 at 05:56
Losses can only be avoided if the trades are executed smartly. If you simply define a stop loss after entry it is going to hit most of the times before the price goes up.
Member Since Apr 09, 2019   538 posts
Dec 31, 2021 at 12:38
This like asking how to avoid dying - you can't.
If you can't spot the liquidity then you are the liquidity.
Member Since Dec 13, 2021   32 posts
Jan 03, 2022 at 06:16
Using a stop loss order can help traders reduce their losses in forex trading. This will allow them to cut their losses when the market goes against their position.
Member Since Dec 14, 2021   46 posts
Feb 01, 2022 at 05:53
Things to do to avoid loss in trading-

1) Calculate risk reward ratio for your trades.
2) Risk small percentage per trade and set 2-6% stop loss.
3) Set a profit order.
4)Avoid overtrading
5) Do not use very high leverage.
6) Backtest
8) Maintain a trading journal
9) Understand psychology and learn from your trades.
Member Since Dec 20, 2021   25 posts
Feb 01, 2022 at 06:05
In my opinion, to avoid losses in forex, one must place trades only if he have sufficient forex knowledge, proper strategy and knows how to manage risks as well as capital.
Member Since Nov 23, 2021   34 posts
Feb 11, 2022 at 04:58
ForwardX posted:
In my opinion, to avoid losses in forex, one must place trades only if he have sufficient forex knowledge, proper strategy and knows how to manage risks as well as capital.
Couldn’t have said it any better! Traders can backtest their risk management strategies on a demo account.
Member Since Mar 01, 2018   43 posts
Feb 12, 2022 at 20:11
Don't invest in it to Avoid 100 % forex losses. hundred percent proven methods. Good luck to you all :))

Does anyone feel like this chicken? Let's look forward to a new (and hopefully) better week!

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Have your trading charts ready!
Member Since Sep 29, 2020   11 posts
Mar 05, 2022 at 19:37
It's impossible to avoid losses on forex, nevertheless I know some traders who could handle trading without losses. They are really careful and the matter here is to determine the direction of your strategy correctly. To my mind, nowadays traders are eager to earn as much money as they want and it doesn't mean any tactics. They just want to open positions and receive money, while it doesn't work like that. The main idea o trading means that you have to know your strategy and you have to understand how to apply it without losses. In the case you will be able to trade successfully actually.
Member Since Jan 18, 2022   48 posts
Mar 22, 2022 at 07:56
How to avoid losses in forex-

1) Go with a trading plan - without a trading plan, a trader is throwing darts in the dark. A good trading plan should include details of your trades and goals that you want to achieve

2) Use stop losses to prevent risks-

The forex market is quite volatile. A stop loss prevents big losses.

3) Avoid high leverage

Although leverage can be useful to win big profits, it can also backfire. A trader should take high leverage, especially if they’re trading pairs with high volatility.

4) Learn to control emotions

Traders are emotional beings. They get influenced by greed, anxiety, and fear. However, these emotions can be an obstacle and prevent traders from making informed decisions, which increases the risk. Traders should learn to develop a good trading psychology.
Member Since Mar 11, 2022   22 posts
Mar 24, 2022 at 08:23
There are some ways that can help you in reducing losses to a great extent like doing proper research, not opening large trading positions, using money management techniques, considering forex trading as a business, setting realistic goals, planning entry and exit points.
Member Since Mar 11, 2022   38 posts
Mar 29, 2022 at 07:52
If you want to avoid losses in forex trading, follow these basic rules: 1. Never make a trade without having a clear exit point.
2. Learn to identify the difference between a good trade and a bad one.
3. Don't trade when you're not in the best frame of mind for trading.
4. Take profit quickly when it appears.
5. Cut your losses short using stop-loss.
6. Don't add to a losing position.
Member Since Mar 21, 2022   47 posts
Mar 29, 2022 at 08:07
You will need to learn to control everything that can play a role in your forex trading career including your emotions, strategies, and money. When you know what you are doing and how it is likely to impact your trades, you automatically perform better.
Member Since Mar 23, 2022   26 posts
Mar 31, 2022 at 08:09
Bear in mind that you cannot avoid losses completely. But you can reduce them to an extent by taking proper measures like not using high leverage ratio, following a money management technique, researching and analysing the market before opening a trading position and treating forex trading as a business.
Member Since Mar 17, 2022   47 posts
Apr 01, 2022 at 07:49
There is no sure-shot way of avoiding losses. But with a risk management strategy, handling losses becomes easier. You can keep trading because your past trades don’t stop you from trading in the future. And who doesn’t know, it’s a long trading career that we all long for.
Member Since Mar 11, 2022   18 posts
Apr 06, 2022 at 05:51
You can never fully avoid losses but yes, losses can be minimised by proper discipline, money and risk management, in depth knowledge, use of stop losses, confidence, determination, proper strategy, consistency, patience and a keen observation on the statistics.
Member Since Jan 10, 2022   9 posts
Apr 06, 2022 at 09:25
podunk posted:
You can never fully avoid losses but yes, losses can be minimised by proper discipline, money and risk management, in depth knowledge, use of stop losses, confidence, determination, proper strategy, consistency, patience and a keen observation on the statistics.


It is true. We need to accept that losses are part of FX trading and then work on dealing with them best
Member Since Oct 29, 2021   70 posts
Apr 11, 2022 at 05:36
If you want to avoid losses in forex trading, follow these basic rules: 1. Never make a trade without having a clear exit point. 2. Learn to identify the difference between a good trade and a bad one. 3. Don't trade when you're not in the best frame of mind for trading. 4. Take profit quickly when it appears. 5. Cut your losses short. 6. Don't add to a losing position.
Member Since Mar 22, 2022   25 posts
Apr 12, 2022 at 06:18
It would not be possible for anyone to share mantras that guarantee no losses in forex trading because they are unavoidable. But yes, you can work on improving the number of your profits so that you are in profit overall.
Member Since Mar 24, 2022   56 posts
Apr 20, 2022 at 08:30
You can never really avoid losses in forex; the right way is to minimise the amount of losses by taking necessary measures to manage the risks. You should always depend upon an effective risk management system while trading. You should only take risks based on logical calculations and avoid impulsive trading at all costs. Over trading is also a reason that leads to traders suffering huge losses. You should know when to start and stop trading and make sure to not get carried away by your emotions.
Member Since Jul 22, 2020   23 posts
Sep 02, 2022 at 14:58
Unfortunately, you will not be able to avoid losses in the Forex market. It will be but you have to make it a minimum.
It seems to me that a successful trader should not have more than 10% of losing trades.
As for the newbies.... it would be great if it were no more than 30%...
Of course everyone should do everything possible to have more profitable trades.
This requires discipline and risk management. You don't have to risk a lot of money. You don't need to open a trade you are not sure about. There can be bad consequences.
I will not say about the need to have a trading strategy. It's obvious, guys.
A trader without a strategy is not a trader. He's a gambler.
Unfortunately, Forex is not a game. Everything here is serious!
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