How can exactly avoid the losses in Forex?

Discussion in 'Forex' started by Coner1980, Jul 27, 2020.

  1. Bugsy

    Bugsy

    To be fair, it appears English may be a second language so allow me to pose what he was probably wanting to ask:

     
    Last edited: Jul 28, 2020
    #11     Jul 28, 2020
  2. Turveyd

    Turveyd

    Most traders will be better off that way for a while, until they have too many losing positions on the wrong side of a large move and it wipes them out.

    Still last longer than death by a 1000cuts.
     
    #12     Jul 28, 2020
  3. traider

    traider

    HFT
     
    #13     Jul 28, 2020
  4. Turveyd

    Turveyd

    Need to ask this question to someone on a yacht who's life is way better than ours, because if we knew we'd be living on a yacht and not posting here :(
     
    #14     Jul 28, 2020
    Stephen Andrew likes this.
  5. The short answer is no, you can't.

    Trading is a number game. There are wins, as well as losses. Just like a coin must have 2-sides.

    However, profitable traders only trade on strategies that have an edge, where they can win more than they lose. Hence, they can win in the long-run.
     
    #15     Jul 28, 2020
  6. algoseek

    algoseek Sponsor

    Let your wining trades run and cut your losses.
    You can't avoid losses in trading. They are part of the costs of doing business.
     
    #16     Jul 28, 2020
    comagnum and Turveyd like this.
  7. Turveyd

    Turveyd

    Yep!

    Don't fall into the trap after a few losers in a row that you'll start taking out +5 while losing -20 cause of fear, cause then you'll get no where, risk 20 and try to hold for swings and make +50.
     
    #17     Jul 28, 2020
    billv likes this.
  8. i loss most of the time during news , its my weakness really , i trade from a long time in there but sometimes i feel i am like newcomer as knowledge.
     
    #18     Jul 28, 2020
  9. Bugsy

    Bugsy

    Most of the time news is created based on the outcome of charts. The market dives suddenly and the news brings in an analyst who was previously bearish who 'explains' why the market dove. If the market suddenly went up they find an analyst who was previously bullish to 'explain' why it suddenly went up. There always seems to be a sudden bit of news to explain why it suddenly went up. Then a few hours later if it falls there is some magical news why it went back down.

    Ironically, if you look at a stock chart, more often than not, it will also have been pushing a support or resistance right about the time it reversed. News more often than not follows price action on a chart, and not the other way around. All this to say you should focus more on the chart rather than any news. If it were actual news you can believe the chart will have already reflected it long before you heard about it on the news.
     
    #19     Jul 28, 2020
  10. BAT31

    BAT31

    1. Too much risk on.
    2. Too under-capitalized.
     
    #20     Jul 28, 2020