Thread: How to avoid loses in forex

We need to understand how to minimize the risk. surely Money management and risk management are the key for us to get profit in forex. But do not forget we need to have good skills in analyzing market. Freshforex provide analytic which is updated everyday. You can check here https://freshforex.com/analitics/

There are no options to avoid losses, the only thing we can do is to minimize it. If our attempts are to entirely remove the risk then be it sad but let it be real that it’s not going to be possible. I believe even the greatest of greatest traders lose, but losses are never meant to be taken negatively or we should be discouraged, I believe it’s only losses which will open our eye towards bigger prize, but if we start fearing due to losses than we will let go the bigger opportunities. I fear losing a lot, but have managed to hold myself well and it’s also to do with OctaFX broker especially their rebate scheme where I get 50% back on all trades, it’s really like able.

I believe it all starts with education and experience, but never imagine zero losses; it’s not possible even for experts. It’s not even needed actually, I believe if we are wish to be successful than we need to win genuinely and when we do that than in between losses doesn’t affect us. I struggled in early phase of my career, but have really recovered well since then especially ever since I joined Manhattan Global Markets company, it’s pretty world class having straight forward structure with no show off and is a true STP, so pretty helpful to work with such highly bank able company.

Good trading capabilities, will allow us to maximize our results in this forex trading. But to get a good trading skills also need a process, traders will not be able to get it easily. During the trading experience should also be maximized

we need to do an evaluation with the evaluation of trading because then we will be able to improve our trading mistake, therefore, we need to utilize weekend time to do the evaluation. so the losses will be minimized by good

As a intelligent trader we must know how to minimize the risk of forex trading, we never know what will happened on the next hours. Even a view minutes

disturbances and also influence will always affect our emotions in trading, then from that trader should be able to still get fit before entering the market and prepare well, so it will provide a good opportunity to manage chart

Originally Posted by Uncle Gober

disturbances and also influence will always affect our emotions in trading, then from that trader should be able to still get fit before entering the market and prepare well, so it will provide a good opportunity to manage chart

prepare every time will make trades gan lest we trade in a perfunctory and well wishes, first calculate what we will do

I don’t really think we could avoid losses to full extent, but we can definitely reduce it and that’s only through education or experience. I am just learning up my trades, therefore, I am using excellent alternative in PAMM/MAM Account with TradeWiseFX, it’s beautiful and really helpful as far making profit is connected.

Originally Posted by Frank Hayes

I don’t really think we could avoid losses to full extent, but we can definitely reduce it and that’s only through education or experience. I am just learning up my trades, therefore, I am using excellent alternative in PAMM/MAM Account with TradeWiseFX, it’s beautiful and really helpful as far making profit is connected.

Great facilities from Trade wise. I never used this broker before. Can trader test broker using small amount in real account? Because using small amount in real account will help us to know broker performance