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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.
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.
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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
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.
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.
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
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.
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.
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.
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
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.
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...Quote:
Originally Posted by Harys Mumtaz
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.
"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...Quote:
Originally Posted by Dawlat Ahmadzai
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.Quote:
Originally Posted by Uncle Gober
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...Quote:
Originally Posted by Pepen Supendi
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.Quote:
Originally Posted by Dawlat Ahmadzai
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.Quote:
Originally Posted by orni308
because any tradder have their own techniques to avoid losses, maybe u can see market news or calender economy. u can do many to avoid lose.
Yeah, market news and economic calendar is the crucial thing that traders should consider. You can get yourself more updated with market news and economic calendar which are provided in HiWayFXQuote:
Originally Posted by gaban
In my view the thing that we need to avoid the most is to trade without proper planning, it is a kind of disease that can eat our money easily, so if we manage to cover this thing up then we can definitely make it pretty big, but without fair amount of control, it is going to be extremely tough to manage. I have learned to control things fairly well and thanks to the support from OctaFX broker, I am able to work very smoothly given their rebate program where I am able to make 15 dollars profits per lot size trade and that includes the losing trade as well, so definitely best way to work for me in any situation.
Always update with market news and economic calendar will help us to stay trading well. it's good for trader, especially for scalper. what a lucky I'm can trade at IV.Brokers that provide what I need for trader. so I can trading comfortly and profitable.Quote:
Originally Posted by Luthfi Maung
With certainty Forex trading can’t be predicated and no one is able to control what will happen. Any time you may face loss if you don’t improve your trading skill and if you don’t use any money management. Forex4you is the broker in my trading life who is helping me in increasing my trading profit in this uncertain market by decreasing the loss. They provide different money and risk management techniques.
Risk is the common factor of forex market. A trader can face the loss most of the time if he has no knowledge about trading. A trader should know the right time, right place and right currencies while he is trading in the market. Most of the traders lost their money because of their little knowledge about forex.
Most of them don't know how to recover losses. Sometimes traders take decision emotionally after loosing money. It causes more losses. I am also a trader of TP Global FX. I always welcome losses and think that loss is the energy to make profit. Taking wise decisions can recover the losses.
That risk will always exist in everything, this is needed and necessary so that traders can be more optimal in carrying out trading activities that are in line with expectations and can become Tickmill's trader of the month.