What Do You think is The Best Way to minimize Looses?
What Do You think is The Best Way to Minimize Looses?
Don't trade LOL.....
Seriously, Stop Loss and Trailing Stops... as well as DEFINITE exit points BEFORE opening a position.
It also helps to get the trade right in the first place... More Profitable trades instead of losing ones.
Best way of preventing failures in the foreign exchange industry is to not actually position any purchases, there are methods to prevent failures when actually dealing for actual. There is of course more than one way to prevent taking a loss, when forex. First of all, again you most probably won't want to listen to this, but you need to research and exercise.
I think the best ways to combat the problem is to plan for each trade in the proper manner. One way to properly plan your trades is to minimize your trade losses. In other words then, you should know when to control your losses before you engage in a specific trade.By doing this you can set your loss stop at a specific point before engaging in a trade.
Good money management is the best way to minimize the risk in forex trading, so we have to use it and discipline with it when trading.
Well according to me,most losing forex traders do not have a trading plan for what to do if they make a losing trade. They simply hold on to their losing position in hopes that it will come back. Most times, their losses can't be sustained by their accounts, and therefore they end up losing everything. The smart traders that make millions trading forex have a trading plan that tells them what to do if they start making a loss. This usually means getting out of a trade very quickly if it is not performing, thus minimizes their losses.So what i wants to convey is first learn all concepts of forex under some smart company..like what i did.I learnt all strategies under forex-metal and now i am a full time gold trader under them and enjoying trading happily.
The best way to Earn money is good money management - never risk to much.
Good system is that have +pips per day = good enters
All is need is gust 1 good sygnal but correct way lol)
Or if trader use MartinGaile (1 2 4 6 10 ) it must be good non risk strategy. But Symple MartinGaile is not good if it have no syglans at Martin Levels...
Coders trying to develop Multipair Correlations Bot with Greed in my signature...I think this is something new and intresting. I will wait for free version
Also i like their PAMM system
Foreign exchange risk refers to the risk of cash flows suffering from adverse currency exchange rate movements. Because foreign exchange transactions are rising together with cross-border trade and capital flows, which have increased tremendously over the past decades, the question of minimizing foreign exchange risk has become increasingly important. The strategy of minimizing foreign exchange risk is called FX or Forex hedging.
The best way to minimize losses is the proper money management. But you can also use some additional tricks like rebate bonuses. For instance, FreshForex gives $10 per lot for loss-making trades, so it will minimize your losses.
The best way to minimize losses is 'Do not trade when you're actually not sure about the market'. And this situation also includes not to trade when you're emotional or having mental stress. However, I know it's pretty difficult to follow, I now that. As I trade with CToption, I often fail to follow my rules properly, however, I still try to make balance on them.
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