Loss is an unavoidable thing in Forex trading. So every single trader ought to be cautious of his trading strategy. Steady benefit making is conceivable yet it is difficult to run our trading without loss. To lessen our loss we can make distinctive strides. Risk management is an unquestionable requirement here and we should trade with a low spread.
I updated my risk:win ratio to 0.7:1.0 from 1:1 because it seemed like when the trade goes in the opposite direction by more than half i end up losing most of the time anyways. Hope this helps.
loss is a thing that always taught us a great lesson but we generally cant take this general issue, we got upset when making losses and trade over and over for recovery, as a result, lost almost whole equity.
You must go through losses, if you draw conclusions from them, in the future it will be easier for you.
minimizing loss is a great skill that only experience traders can do. generally beginners when making a losses they trade over and over and ultimately fall a great trouble. its a issue which relates with emotions.
In fact, the only method to avoid losses on forex is knowledge, and the ability to apply them in practice, because knowledge without experience does not make any sense.
Letting go of a losing trade is one of the most difficult skills to master in Forex. In my opinion, that is the reason many traders blow their accounts.
You are right. Novices have a tough time dealing with losses but they should understand that losses are a part of trading and should rather learn a lesson from losses and try to eradicate such reasons for losses in future.
I work with the broker ExpertOption, and for my profit I am quite sure. There have never been problems with this.