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  1. #1
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    Default What Methods Do You Use To Avoid Losses?

    Losing may be a normal part of trading, but there should be some limitation because losing our entire deposit is certainly not a normal part of trading.
    In this thread, i hope that members will share their strategies for avoiding losses while trading.

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    Senior Investor Uncle Gober's Avatar
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    There are no special method for avoid many loss in my account. I just try to follow proper money management rules and analysis. According my analysis i use stop loss and take profit most of the time. For this reason my loss amount is very low.

    Let's Try : Myfxbook Autotrade - Choose a trading system and trust your funds to carefully picked strategy

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    Senior Investor gaban's Avatar
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    There is no special method to avoid the loss, but we can minimize the loss by trying to trade using SL when trading. With the SL, the risk of loss can be minimized by good so that will make us able to trade with a maximum

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    Senior Investor Uncle Gober's Avatar
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    I think the successful trader is a trader who can minimize losses and be able to get consistent profit, no matter how big the profit is, as long as profits can be sustained. Every trader must have a profit target, respectively, and when it was achieved without significant risk of loss, it could be said he was a successful tarder.

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    Well, to avoid losses I simply trade with a Good broker that never takes position against me. CToption, my choice, provides Live trading room twice a week with free Signals to make it easy for me to trade binary market.

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    Senior Investor gaban's Avatar
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    The use of SL in forex trading will help us to be able to avoid the loss, in forex trading, the loss can not be separated, therefore if we want to get the maximum trading then we need to avoid the loss by trying to use SL when trading. And the use of TP is also indispensable

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    In my view we should always focus on simple ways to avoid losing, if we do anything unnecessary than we might just end up in trouble, so that’s why simple stuff is always the best way to go. I am working with FMbinary.com broker and here thanks to their great 2-5% guaranteed payout, it makes me comfortable with using any method to trade and that is why I have got fair amount of success so far and I strongly believe that if we are to be successful then we must work with the right way, as that’s the only road to success.

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    Senior Investor Uncle Gober's Avatar
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    Every business (FOREX trading included) requires a business plan (trading plan). Unless you have taken the time to write down a set of rules that you can and will follow, it’s likely your trading will remain unfocused and directionless. Make a plan, have rules, and follow your rules. Set goals that are realistic and you will achieve them.

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    Senior Investor Rahul247's Avatar
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    There are many risk Managemet techniques that people use in order to reduce risk and also to manage good returns at the same time, so that is really an Important factor.

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    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

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