There is nobody who can avoid loss from this market place in spite of having most powerful analyzing trade knowledge, but taking some major steps we can avoid our loss sometimes. Mostly traders fall a great loss by taking high leverage due to non-sense planning and zero risk management policy, so before taking with high leverage we have to know how to manage risk.
Losing money is a regular part of Forex trading . there is none who can avoid loss completely from here in spite of good trading knowledge . but by taking some major steps loss can be reduced of course. Behind the losses the main reason is emotions that cannot avoid the traders especially the new Forex traders.
Feb 02 at 11:05
Yes no doubt, losses are implied in forex owing to the uncertainties in market. All of us bear losses but we have to try to learn to minimise them if we want to be profitable.
Feb 02 at 11:43
VictorAxel posted:
Yes no doubt, losses are implied in forex owing to the uncertainties in market. All of us bear losses but we have to try to learn to minimise them if we want to be profitable.
True. Traders need proper risk management strategy to minimize risk and maximize profit in trading.
Michihito posted:
There is nobody who can avoid loss from this market place in spite of having most powerful analyzing trade knowledge, but taking some major steps we can avoid our loss sometimes. Mostly traders fall a great loss by taking high leverage due to non-sense planning and zero risk management policy, so before taking with high leverage we have to know how to manage risk.
Leverage has nothing to do with loss.
Either you have trading plan which is profitable an dyou earn money
Or you dont have any and you should not trade.
If you have good trading plan you earn more money with leverage if you have poor trading plan you lose more money with leverage.
Leverage itself does not determine profit or loss
Just magnify it.
LyudmilLukanov posted:VictorAxel posted:
Yes no doubt, losses are implied in forex owing to the uncertainties in market. All of us bear losses but we have to try to learn to minimise them if we want to be profitable.
True. Traders need proper risk management strategy to minimize risk and maximize profit in trading.
Exactly. Not just risk management, but money management which is also important to minimize the losses
Feb 04 at 12:05
There is nobody who can not make profits in Forex trading, one only needs proper knowledge, a good trading plan and enough skills to excel.
Feb 05 at 11:24
You have to accept that losses are part of a trader's life. But you can surely go for proper risk management in order to cut your losses short.
Avoiding loss is definitely impossible, but yes, analysing losses is very important in forex. One must know the reason behind making a loss and be careful about it in the future.
Losses are a part of trading, you can not completely avoid it. Losses are not the major issue, the issue is how you deal with your losses, trade with a good strategy and maintain a positive attitude, by time you will be able to convert all your losses into profits.
