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How to Avoid Forex Losses In Forex Trading?

Quercine
Mar 22 at 07:56
47 příspěvků
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.
nabobe
Mar 24 at 08:23
22 příspěvků
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.
TraderIvana
Mar 24 at 09:09
34 příspěvků
nabobe posted:
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.
Would like to add one more point - making proper use of stop loss while placing trades.
synaphea
Mar 29 at 07:52
38 příspěvků
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.
Salsitude
Mar 29 at 08:07
22 příspěvků
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.
Gripho_Griff
Mar 29 at 10:08
11 příspěvků
In my opinion, the only way to avoid losses in forex is by gaining appropriate forex education.
Jiffyy
Mar 31 at 08:09
26 příspěvků
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.
Commonition
Apr 01 at 07:49
23 příspěvků
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.
skihav
Apr 01 at 12:01
801 příspěvků
The most working and realistic option is to have enough experience to resist this. This needs to be worked on regularly.
skihav
Apr 03 at 10:31
801 příspěvků
The most important thing is to pay enough attention to experience and training. These aspects most influence the results of traders' work.
podunk
Apr 06 at 05:51
18 příspěvků
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.
windpower
Apr 06 at 09:25
9 příspěvků
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
miguelcaron
Apr 11 at 05:36
70 příspěvků
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.
Bigmouth
Apr 12 at 06:18
25 příspěvků
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.
Vomitoryy
Apr 20 at 08:30
26 příspěvků
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.
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