Dec 28 2021 at 02:05
Ferdii posted:To get rid of forex losses you need to maintain a journal and learn from mistakes. We need to move forward with the plan.
There are many mistakes that can affect the fact that you lose your funds, but the lack of knowledge is the main one that is common to all.
Demo practice is really very important. It helps a lot in creating trading plans and disciplines.
AliaDare posted:Yes. A demo will be the best platform to make the knowledge improved and updated.
Demo practice is really very important. It helps a lot in creating trading plans and disciplines.
RobSchiz posted:Of course, you need to use demo platform to create knowledge. It is possible to double the skills.AliaDare posted:Yes. A demo will be the best platform to make the knowledge improved and updated.
Demo practice is really very important. It helps a lot in creating trading plans and disciplines.
Dec 29 2021 at 14:27
Learn to manage your money and use reasonable leverage.
The key is to keep your risk levels low. Never trade without a stop loss. Invest in your forex education and use a demo account to build on skills.
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.
we can skip losses by using our trading knowledge and experience but cant avoid , because its a thing that will happen must in spite of having good knowledge and experience.
This like asking how to avoid dying - you can't.
If you can't spot the liquidity then you are the liquidity.
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.
i have never seen anyone who can avoid the losses even in spite of having most powerful analyzing trade knowledge and experience.
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.
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.
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.
AliaDare posted:Yes. You are right.RobSchiz posted:Of course, you need to use demo platform to create knowledge. It is possible to double the skills.AliaDare posted:Yes. A demo will be the best platform to make the knowledge improved and updated.
Demo practice is really very important. It helps a lot in creating trading plans and disciplines.
ForwardX posted:Couldn’t have said it any better! Traders can backtest their risk management strategies on a demo account.
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.
Work on your knowledge and experience. This is the key to a trader's success.
Feb 12 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!
Does anyone feel like this chicken? Let's look forward to a new (and hopefully) better week!
ไฟล์แนบ :
Have your trading charts ready!
The most correct option is to analyze your mistakes. As an option - try to work out these situations on a demo account. When I worked with a broker, I did just that.
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.
Though you cannot avoid your losses completely, a good trading strategy along with a lot of practice is the only way you can reduce your losses to a certain extent. Just keep noting your trades in a trading journal to always have an idea of your performance over time.
