How can exactly avoid the losses in Forex?
- Thread starter Coner1980
- Start date
Simply don't trade. then loss will be exactly zero.
You need to provide specific details (like posting of your actual trade ) then we can help u.
you can easily get the answer from the books, forum pages ...
but these generic information wouldn't help you at all.
different traders have different IQ, KSA, mind sets ....
so we have different challenges
You need to provide specific details (like posting of your actual trade ) then we can help u.
you can easily get the answer from the books, forum pages ...
but these generic information wouldn't help you at all.
different traders have different IQ, KSA, mind sets ....
so we have different challenges
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Lmao. I had the exact same thought when I saw the post title.
There is no such thing as avoiding losses in trading. I suggest that you change this mindset, if you don't then trading is clearly not for you. What you can do is minimize losses and maximize gains so at the end of a selected time frame, after taking into account commissions and other fees, you end up with a net gain vs a net loss. Sorry, this may not be what you want to hear but it is the truth of the game and you need to accept it. If you still decide to go down this path then good luck to you my friend. Oh and one more thing, and this is my personal opinion after trying many trading instruments, stay far far away from forex, the transparency is not there and it is very easily manipulated by the big players in the game (large banks,brokers etc). There are tons of better options out there to trade. Once again, good luck.
Spot on. I always tell new traders to trade CME currency futures, trading is hard to begin with, and if someone trades forex at bucket shop, the odds of success are greatly reduced.
Of course there is, haven't you been watching youtube? they all do it lol
Question should be "how exactly can I make money in Forex?"
A: create a b@llshit YouTube channel and whore out your secret strategy for $500 a time
There are actually traders who only close position when it is in profit.
and for those position that are in red, they don't close it. in this case, they don't suffer real loss (only paper loss).
yeah I know it's total crap. Anyone who break's even in their first year is doing well in my view. I mean by pure trading, say 100+ trades not just buy and hold, (you can just get lucky that way)
The context makes no sense. You didn't explain anything. You are just trying to look for the way to avoid the losses in forex and let me tell you that there is no such thing. There will ALWAYS be losses when it comes to forex trading but what you can do is to minimize the losses by focusing on risk management, changing your trading styles, putting stop losses and many more strategy that you, only you, can do that.