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06-28-2013, 10:21 AM #31
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forex is a business and risk is present here. So never become upset when pips run in opposite direction. At that position we have to see Forex trading pivot points and need to open or close order. In that time i was open open a new deal with same price direction with double size to recover that loss. we need to make the analysis on it, to see that we need to cut the loss or still waiting for the price to go back again to touch our take profit..
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06-28-2013, 09:42 PM #32
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We cant avoid the loss completely from your trading but you surely minimize it.You should use the tools like stop loss and take profit to reduce the amount of loss.Also you have to use strict money management and the risk management plan so that your risk is minimized and your rate of getting profit is increased.
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06-28-2013, 10:08 PM #33
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yes .... It is very possible for a trader to avoid loss.
Also getting good experience and before opening any trade do analysis, use risk management, use stop loss and take profit.
these factor are minimize risk.
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06-28-2013, 10:36 PM #34
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to avoid loss in forex trading is something very difficult because we all know that this job ha certain role and when we accept the profit we must accept the loss but there ways to reduce it there is no trader in the world who can make all his orders profitable this is impossible for my point of view
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06-29-2013, 05:18 AM #35
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To avoid loss a trader must focus on learning new strategies, market analysing skills, efficient use of funds and following all the rules of forex. Keep your trades simple, use small lot sizes, and also use Stop loss to prevent big losses. Also try to trade just one order at a time and try to close that order in profit.
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06-29-2013, 05:33 AM #36
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the best way to be able to avoid losses from forex trading is to have a very large capital, due to the large capital will make us a more secure trade from risk of loss, and we will also have a very strong capital resilience, though the analysis that we did not get according to the actual market movement, then it will not affect the trade account that we have, because there is most likely direction of the market will change direction and return to the starting position by the time we open a trading position
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the best way to be able to avoid losses from forex trading is to have a very large capital, due to the large capital will make us a more secure trade from risk of loss, and we will also have a very strong capital resilience, though the analysis that we did not get according to the actual market movement, then it will not affect the trade account that we have, because there is most likely direction of the market will change direction and return to the starting position by the time we open a trading position
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06-29-2013, 06:42 PM #37
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There are so many ways to avoid losses but it always depends upon the trader like we have market analysis, risk management, money management, risk ratio, entry on the right time and exit on the right time, predicting market etc. if trader will do all these things then he can make some good profit and can avoid his most of the losses.
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06-29-2013, 07:26 PM #38
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You must increase your knowledge,experience and analysis skill,those are requirements to avoid losses in your trading,if you have those requirements so you will know the direction of the pairs well,you will know you must open buy or sell.In trading,without those requirements we will always suffer losses although we already trade for many years.
Last edited by Dejavu; 06-29-2013 at 07:36 PM.
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06-29-2013, 07:39 PM #39
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Forex is full of risks and we should know about how to avoid it. If we have knowledge how to trade but no knowledge how to avoid loss then our tradings will not give that much of profit for which we're working day and night. People often earn profit and they often make huge profit in a single trade. But on next tradings he lost everything, it is not a good sign for a trader. It only shows that he is not getting anything from forex trading. To get the actual benefit from forex trading we need to build up our trading strategy more strong. We need good strategy not only to make profit but also to make such strategy which avoid us to lose more.
We can't ignore that loss is a part of forex trading. But we can minimize it to certain extent. The foremost thing we've to do is never trade with larger lot size. The second thing we've to consider is always put stop loss in our tradings. Once we learn where to put stop loss then we'll be always in profit.
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06-29-2013, 09:37 PM #40
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The only way to avoid the loss is to trade by following good money management ,maintaining discipline in your each trade and by using tools like stop loss,take profit and the trailing stop.Its not possible to earn profit in each and every trade, there will be loss also but controlling amount of loss completely depends on you only.
Last edited by Akshay; 06-29-2013 at 09:50 PM. Reason: spelling mistake
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06-29-2013, 09:38 PM #41
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When there is a will there is way.
So if you intend to avoid the losses in the FOREX trading, just get through the trading systems well and study the market condition well. Try some good plan or follow some experts techniques of trading which may help you to avoid certain losses. In either way try to figure out your faults which are causing you losses and don't repeat the mistakes.
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06-29-2013, 09:48 PM #42
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without any loss no traders can make any profit from forex so we could not avoid our loss in forex but we can control it or minimize it by our well trading strategies, trading plane and with trading skills.by minimizing risk and maximizing profit , we can consistence our profit and can be a successful trader.
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06-29-2013, 11:17 PM #43
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good experience
and before opening any trade do analysis,use risk management, use stop loss and take profit. A new trader may lose huge but at the same time old and experienced may loss few. We can't avoid hundred person loss but to some extent we can avoid big losses....
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06-29-2013, 11:33 PM #44
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06-29-2013, 11:43 PM #45
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@yogesh,
I definitely agree with you. It takes a determined trader to be able to trade with patience and confidence, because he will want to do all the things that will enable him to avoid loss, especially through the use of money management. And as a result, he will trade with a minimized risk level. Why most traders lose is because they have a high target to make profit. And in the process of shooting for that high profit, they eventually fall deep down to loss. And that is the cause for their downfall.