How to Avoid Forex Losses In Forex Trading?
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!
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!
Mitglied seit Oct 01, 2022
53 Posts
Nov 17, 2022 at 06:59
the main difference between successful and general trader , its all about self commitment. nothing without it. so we the traders should develop our trading habit first of all.
HeavenLeighGill (HeavLeighGill26)
Mitglied seit Aug 05, 2021
401 Posts
Nov 17, 2022 at 17:16
In forex, losses are just a part of it that will happen from time to time. I think the best thing you can do is take steps to minimize those losses, like placing a SL, for example.
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