How do you reduce loss in forex trading?

[Alexander Hudson]

Every decision plays a great part in your trading so the decision you are making should be cogent and reliable.

 

[SaadBinToha]

Trading in high spread-consuming trading pairs using high leverage makes traders suffer losses. On the other hand, high spread means your broker is taking high commission from you for each trade opening.

 

[Gito Dinev]

Forex is considered the best opportunity for all types of people. Women are very much fond of forex trading because they can earn money through forex trading sitting at home.

 

[BinarySumo]

There are several ways to reduce losses in forex trading, such as:

1. Using stop-loss orders: These are automatic orders that close your trade when the market moves against you by a certain amount.

2. Setting realistic goals: Don't expect to get rich overnight. Set realistic goals and be prepared for the ups and downs of trading.

3. Managing your risk: Only trade with money you can afford to lose and don't risk more than a small percentage of your account on any one trade.

4. Keeping a trading journal: Write down your trades and analyse what worked and what didn't. This can help you identify and improve upon your mistakes.

 

[The trader]

learning is a continuous process , so we the traders should focus on this , otherwise the trading life could be more dangerous.

 

[LouBega88]

Definitely, leverage is a good facility but most of us hate it because they do mistakes in using that facility.

 

[Nayek Pichai]

Conquering Forex is little tough but it’s possible.Right attempt can be taken when a trader passes enough time with the market and become able to discover a good trading strategy.

 

[Steler11]

Before going live, practise on a demo account.

 

[Nayek Pichai]

Self-satisfaction is felt when a trader has both technical and fundamental knowledge Every decision should be prepared with a valid reasoning and you can do so when you have good trading experience.

 

[FXOpen Trader]

Self-satisfaction is felt when a trader has both technical and fundamental knowledge Every decision should be prepared with a valid reasoning and you can do so when you have good trading experience.

We will need to use a Control based trading system so that the income we are getting is Good.

 

[Gito Dinev]

I always try to limit the number of trades opened every single day. I always try to analyze the market and when I have sure signals, only then I trade on the market.

 

[LouBega88]

I try to follow risk management policy strictly and always try to open trades not more than the limit. So, it keeps me risk free.

 

[Gito Dinev]

First we have to analyze the market to be certain of a signal and then we have to determinethe entry and exit points so we can recover our losses.

 

[Bahiya Shinam]

Practicing tendency, risk-sustaining power, broad mind, realistic thinking and trading capability are all criteria of trading success.

 

[Nayek Pichai]

You can scalp on the market even when the market situation is crucial. Don’t take much trading risk because it will grab your trading capital.

 

[Bahiya Shinam]

Proper management of trading keeps an account secure. But we have to use such a broker that provides us high security of funding.

 

[Gito Dinev]

Over-trading will bring losses foe you. This practice of over-trading should be deducted to attain trading success; otherwise trading success will become a mirage for traders.

 

[Bahiya Shinam]

I don’t trade as long as I don’t have a pure market signal. I combine both technical and fundamental analyses to develop a cogent market signal.

 

[LouBega88]

I try to adjust lot size according to my capital size and take every single decision based on pure market analysis and avoid trading when I don’t have trading opportunities.

 

[Gito Dinev]

Broker’s platform is important for traders because traders won’t find peace in trading unless the platform is reliable and technical errors free.