How can exactly avoid the losses in Forex?

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

  1. shine

    shine

    First of all, you need a proven trading strategy, then your actions will be reasonable and balanced, you will know when to trade and when to wait, without making rash and impulsive actions. It is also important to control risks by trading according to the rules of money management and with stop losses. And finally, in order to control non-trading risks, it is important to choose a reliable long-lived broker with favorable trading conditions and fast execution. In this regard, I liked fxopen.
     
    #41     Oct 25, 2024
  2. SmithFX

    SmithFX

    To avoid losses in Forex, prioritize risk management and stick to a solid trading plan. Many new traders lose money quickly due to emotional trading, poor analysis, overleveraging, and a lack of discipline. Continuous learning and practicing with a demo account can significantly improve your chances of success.
     
    #42     Oct 27, 2024
  3. shine

    shine

    We cannot completely avoid losses in forex. Losses will always be a part of trading. But we can take measures to minimize our losses, which, with proper risk management, will not be critical for our deposit and there will always be a chance to compensate them with further successful transactions.
     
    #43     Dec 3, 2024