How we avoided unnecessary loss ?
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Thread: How we avoided unnecessary loss ?

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    Lightbulb How we avoided unnecessary loss ?

    I will suggest all the new trader that if you want to avoid the unnecessary losses in the forex trading business then you must need to have trading with the small lot size and try to manage the risk in the forex trading use the stop loss tools well in the trading and take the calculated risk in the forex trading?

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    If we want to avoid unnecessary loss then we have to more careful and more focus on trading,must have all the knowledge about forex and shouldn't trade with small capital.always take low risk to gain.stop loss is the best way to avoid loss.

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    rai504, I think new trader have to continue trading although getting some unnecessary loss without feel upset or give up and still make struggle to do that. give up will make quit from this business instead to make an evaluation. So that new trader have to have positive thinking about their loss. loss is beginning of our knowing more about risk of this business

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    Use your time to wait for the best time to be able to go to the market. If you're a trader who has the character to follow the market direction, then take your time to trade when the market is busy and a lot of high impact news happens. If your character against the direction of the market, so take your time when a trend has begun to saturate. This usually happens when the market is quiet session. And you do not ever save a lot excessively.

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    If we want to earn from the money in Forex trading then we need to know that Risk is a common factor here and we need to understand that Loss is a part of the trading. I think we need to be careful before placing an order. I think Positive attitude, Risk Management and Greed control and also Fear Control is needed.

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    You can only get little loss in the market if you are managing the money that you are trading with very well, that s the only way that will make your trading be successful. Not all forex traders knows this, and they are not even doing it if they know, and this is the resaon why they are calling emotion all the time.

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    You can avoid unnecessary losses by trading with the trend or trading with a good Risk:Reward ratio calls inorder to avoid bad trades.Personally i trade with h1 trend timeframe with 3 long term trend indicators which helps me to filter out bad trades and retracements.

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    to avoid unnecessary loss you need to trade when you find a strong signal for trading and know how to trade in the proper positions so this will increase the possibility of making more profits and will decrease the possibility of loss,also you need to discipline with your strategy and avoid random trading to avoid making of more mistakes and to avoid loss

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    It is by be ensuring of the direction we are taking at the times that we take the direction. This is the only way that gives traders the trading direction that will help to get money. Be using your stop loss all the time you trade with a good trading heart and skills that will be making more money for you as you do not fail yourself.

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  10. #10
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    That's very correct,using stop loss tool and minimal lit size are essential in managing risks exposures,another important factor is your analysis of the currency market,to have a profitable account you have you have a good experience on how to analyze the market,so your strategy matters a lot too.

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