how to avoid the losse in forex??

[Xylophone]

There are many ways you can implement to minimise losses. Stop losses, for instance, are incorporated the most in your risk mangement strategy. You should also know how to control emotions.

 

[turophile]

Unfortunately, you cannot move ahead in your trading career without losses. So, even before you start trading, you must prepare yourself for the changing market conditions and losses to avoid any kind of surprises when you are in the live market.

 

[Davidfx89]

success is not easy we know very well but still we try to bring success with no learning , as a result we become loser when try to make it in practical.

 

[Ferro Bianchi]

Instead of trying to avoid losing money in your trade, aim to improve your accuracy ratio! However, I do not recommend using aggressive trading lots sizes in your trading! If you do, you'll be in for a big loss!

 

[FXOpen Trader]

Instead of trying to avoid losing money in your trade, aim to improve your accuracy ratio! However, I do not recommend using aggressive trading lots sizes in your trading! If you do, you'll be in for a big loss!

We can learn how to minimize the losses in doing our trades into the markets.

 

[Viral22]

We can learn how to minimize the losses in doing our trades into the markets.

One thing that can help is not being greedy, be balanced and know when to say you've had enough for now.

 

[FXOpen Trader]

One thing that can help is not being greedy, be balanced and know when to say you've had enough for now.

When the losses in our trades will get Increased we will have to make use of the Loss control systems.

 

[Manscape]

Here are two tips to help you avoid loss in Forex trading.

1. Control your risk

Setting a stop-loss on each trade. A stop-loss is an order you set on the platform to sell when the market price reaches a certain level. For example, if you buy at $1.2345 and set a stop-loss at $1.2335, this will automatically limit your loss to $10 per 1 full lot traded (excluding spread or commission).

Setting a maximum loss per day, week or month. For example, if you have $10,000 in your account and are willing to risk 2% per trade, your maximum loss is -$200 per trade. You can also set a daily maximum loss (for example -$400), which would mean that if you lost -$200 twice, then your trades for the day would be closed out automatically so that you don't lose more than -$400 for the day. This is particularly useful if you find it hard to control your emotions and keep chasing losses after one bad trade.

2. Trade with money management

How much of your account should you risk on each trade is important to understand as money management is required for having a good FX experience.

 

[Adolpho Sandoval]

Traders can improve their odds by taking steps to avoid losses: doing research, not over-leveraging positions, using sound money management techniques, and approaching forex trading as a business. Reducing losses in forex is all about planning and perfect execution of your trading strategy. The highly volatile forex market often leads to huge profits but also contains the risk of huge losses. A trader should always be prepared to lose some amount but keep track of the loss and make sure it does not go beyond your capacity. Taking calculated risks is what a trader needs to do in order to earn and survive in the forex market.

 

[Hangdog]

To avoid losses, trade with a robust risk management strategy and use tools such as stop losses and Take profit orders. There is no exact way to avoid losses. You have to try a lot of things. Most importantly, you have to keep learning new things about the market.

 

[Akira Rush]

You can always work on improving your trades and avoiding your losses but it won’t be possible for you to avoid losses completely.
· Trade with a small amount until you are sure about your skills.
· Avoid leverage to reduce risk.
· Analyse before and after executing your trades.
· Never take a shortcut.
It’s in your hands in which direction you want to take your trading career.

 

[Nezami]

Leaning from own trading mistake is the best practice! But, we should try to complete our main learning process in the beginning stage of trading!

 

[JimmyChoo]

the market makers can do anything to make sure the panic among the traders.

 

[EloisDavis]

You can always work on improving your trades and avoiding your losses but it won’t be possible for you to avoid losses completely.
· Trade with a small amount until you are sure about your skills.
· Avoid leverage to reduce risk.
· Analyse before and after executing your trades.
· Never take a shortcut.
It’s in your hands in which direction you want to take your trading career.

These are quality techniques a trader can use to mitigate the risks. Butt here are also certain risk management tools that a trader can opt for:
1. Stop Loss
2. Trailing Stop-loss
3. Placing Buy-limit Order
4. Placing Sell-Limit Order
Placing the limit orders helps in avoiding losses due to slippage.

 

[FXOpen Trader]

These are quality techniques a trader can use to mitigate the risks. Butt here are also certain risk management tools that a trader can opt for:
1. Stop Loss
2. Trailing Stop-loss
3. Placing Buy-limit Order
4. Placing Sell-Limit Order
Placing the limit orders helps in avoiding losses due to slippage.

We will have to make some Efforts so that the risk that are present in our trading can come down.

 

[Gallimaufry]

Just because forex is easy to get into doesn’t mean you will not focus on gaining education. Learning is an ongoing effort as traders need to be prepared to adapt to changing market conditions, regulations, and world events. Part of this research process involves developing a solid trading plan; a systematic method for screening and evaluating investments, determining the amount of risk that is or should be taken, and formulating short-term and long-term investment objectives. Use a practice account before you go live and be sure to keep analysis techniques to a minimum in order for them to be effective. It's important to use proper money management techniques and to start small when you go live.

 

[Manscape]

Here are two tips to help you avoid loss in Forex trading.

1. Control your risk

Setting a stop-loss on each trade. A stop-loss is an order you set on the platform to sell when the market price reaches a certain level. For example, if you buy at $1.2345 and set a stop-loss at $1.2335, this will automatically limit your loss to $10 per 1 full lot traded (excluding spread or commission).

Setting a maximum loss per day, week or month. For example, if you have $10,000 in your account and are willing to risk 2% per trade, your maximum loss is -$200 per trade. You can also set a daily maximum loss (for example -$400), which would mean that if you lost -$200 twice, then your trades for the day would be closed out automatically so that you don't lose more than -$400 for the day. This is particularly useful if you find it hard to control your emotions and keep chasing losses after one bad trade.

2. Trade with money management

How much of your account should you risk on each trade is important to understand as money management is required for having a good FX experience.