Forex Zone - Forex Forum

 a way to avoid loss in the foreign exchange forex in General Forex Discussion_68922e7c602bf

a way to avoid loss in the foreign exchange forex

Discussion started on General Forex Discussion

VIP
  • Hero Member
  • Posts: 20405
  • Points: 2249
  • Likes Received: 510
  • Reputation: +4/-0
I think there are many skills that can be used in trading that we have learned to avoid losses, for example, don't trade too much. We certainly have to pay attention to things like that when we trade.
#496 - November 01, 2023, 03:28:17 AM

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
To avoid mistakes, in my opinion, we can only focus on careful planning using a good strategy, not using too many open positions and lots, not being too greedy.
#497 - November 02, 2023, 01:44:40 AM

VIP
  • Hero Member
  • Posts: 20405
  • Points: 2249
  • Likes Received: 510
  • Reputation: +4/-0
Of course, the best way is to use stop loss (SL). Use stop loss orders to protect your capital from large losses. By having a clear risk management plan, you will feel calmer
#498 - November 02, 2023, 01:48:39 AM

Sponsored

 a way to avoid loss in the foreign exchange forex in General Forex Discussion_6803a6c52eb12
#499 - Today at 10:04:31 PM

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
I always advise you not to use large and too many transactions because losing is usually too many transactions where we are greedy and want to get big results.
#499 - November 03, 2023, 01:35:05 AM

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
When you feel like you are always failing then maybe you usually don't apply the trading system well or maybe you are too easy to use too many Open positions which also makes you fail or maybe you use too many lots
#500 - November 04, 2023, 01:15:09 AM

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
Avoiding defeat, the first is to be disciplined, the second is not to be emotional, the third is to arrange the use of lots wisely, the fourth is not to open many positions and the most important of all this is to use the trading system that you have planned.
#501 - November 05, 2023, 02:23:31 AM

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
If you want to avoid a mistake, don't make the mistake yourself, such as too many transactions, too many lots, too many expectations, use a mature trading plan.
#502 - November 06, 2023, 03:11:26 AM

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
We certainly cannot avoid defeat with certainty, but we can limit the risk of defeat by using stop loss, using good management, using a proper trading plan, don't use too many entries.
#503 - November 07, 2023, 03:50:20 AM

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
In my opinion, the most important thing here is how you don't open a lot of positions which usually makes you lose and the most important thing is that you have to use the right system.
#504 - November 08, 2023, 06:11:44 AM

VIP
  • Hero Member
  • Posts: 20405
  • Points: 2249
  • Likes Received: 510
  • Reputation: +4/-0
You have to use good MM when trading so you don't lose because money management is also really needed in trading transactions apart from good emotional control.
#505 - November 09, 2023, 02:14:28 AM

Sponsored

#506 - Today at 10:04:31 PM

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
In this case, it's best if you use good open positions, not too many and don't use very large lots because it will be very dangerous
#506 - November 09, 2023, 03:14:38 AM

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
In my opinion here, when you use the wrong trading system it actually makes it difficult for you to make a profit and however, when you use many positions it is also not recommended.
#507 - November 10, 2023, 02:17:06 AM

VIP
  • Hero Member
  • Posts: 20405
  • Points: 2249
  • Likes Received: 510
  • Reputation: +4/-0
Using a lot size that matches your existing capital is a way to avoid losses, for example if you have capital of $100 then never use a lot of more than 0.01
#508 - November 10, 2023, 02:19:50 AM

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
Everyone wants to avoid losing but not everyone is able to, therefore one way to ensure that you don't lose is not to open too many positions, don't be too comfortable. When you make a profit, you will be arrogant and the most important thing is to use the trading system well.
#509 - November 11, 2023, 02:03:47 AM

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
Opening the correct position will prevent you from losing and you are obliged to always use a good trading plan and don't open a lot of positions that you think are not of good quality.
#510 - November 13, 2023, 03:54:07 AM

Members:

0 Members and 1 Guest are viewing this topic.



Elementor Website Builder