Thread: What Methods Do You Use To Avoid Losses?

There are many risk management techniques that could be used in order to avoid losses in the FX Market, just use a good broker like FBS Markets

Certainly the way to secure our funds and avoid losing is through the gate of risk and money management, but this is not everyone’s cup of tea, so that’s why we often hear people blowing up their account, but I am highly lucky that even though I went through set of losses yet I am able to survive which is all due to OctaFX broker where I get handsome rebate up to 15 USD per lot size, so that is certainly helpful and allows me to be very comfortable.

Originally Posted by Harys Mumtaz

Although I know, I can't avoid 100% losing in Forex. I have to admit that, losing is a part of Forex trading. However, I still try to balance my winning over losing trades Using Fibonacci Ratios and with this strategy, I try to keep winning and recovering previous losses

Even the professional trader itself couldn't avoid a loss, but the thing is to minimize the risk that in the end we don't suffer too much losses...

I believe losses are not bad all the time especially if we are learning from it. I usually prefer to go with strict money management with straight forward plans and in this I get massive support from Nova FX broker with their daily market news and analysis, it is free but definitely highly effective, so that’s why I love it and this is the best way not only how I avoid losing, but it’s how I am able to win profits consistently.

Originally Posted by Dawlat Ahmadzai

I believe losses are not bad all the time especially if we are learning from it. I usually prefer to go with strict money management with straight forward plans

"You're not a trader till you had MC in your account" That's the words from my mentor and I can say it's right. We need to consider our losses as part of our trading journey...

Before the starting any trade, we should adopt a strategy from which we get more benefit and least feared to do loss. In the current concept of online trading has proved very useful and effective. But for most of the studies to learn this trade is very important to get full access. As well as more investment in the business is very important. Twice a day and night so that we can grow up our business easily.

Originally Posted by Uncle Gober

Before the starting any trade, we should adopt a strategy from which we get more benefit and least feared to do loss. In the current concept of online trading has proved very useful and effective. But for most of the studies to learn this trade is very important to get full access. As well as more investment in the business is very important. Twice a day and night so that we can grow up our business easily.

Right, we need to see and try which trading method that fits for us.
Personally, I got myself with scalping method. It's not a good method to avoid losses though, but it's more than enough to give a good profits and minimize some losses with a proper risk management. I do scalping on ECN account in HiwayFX which is really supports me with their fast order execution time...

Originally Posted by Pepen Supendi

Right, we need to see and try which trading method that fits for us.
Personally, I got myself with scalping method. It's not a good method to avoid losses though, but it's more than enough to give a good profits and minimize some losses with a proper risk management. I do scalping on ECN account in HiwayFX which is really supports me with their fast order execution time...

Agree, but not every trader could do scalping because they have to focus on those charts for minutes. And so, risk management in scalping is necessary, especially when the market movement is moving fast unpredictably...

Originally Posted by Dawlat Ahmadzai

I believe losses are not bad all the time especially if we are learning from it. I usually prefer to go with strict money management with straight forward plans and in this I get massive support from Nova FX broker with their daily market news and analysis, it is free but definitely highly effective, so that’s why I love it and this is the best way not only how I avoid losing, but it’s how I am able to win profits consistently.

there are many ways by which you can minimize your losses but you will learn them as you gain experience, its a slow process but you have to learn quickly.

Originally Posted by orni308

there are many ways by which you can minimize your losses but you will learn them as you gain experience, its a slow process but you have to learn quickly.

It would be useless if you learn it quick but you didn't get the essence of minimizing losses. Just learn it slow but you're surely understand about it and it's a better way to learn.