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Thread: Strategy To Minimize Loses And Maximize Profit

  1. #1
    Trader juniorpeters's Avatar
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    Strategy To Minimize Loses And Maximize Profit

    Minimize your losses and maximize your profit with risk management, as we all know consistency is the major problem many traders face in the market. be it new traders or experienced traders we all pass through the difficulty of consistency. but here's the thing we don't have to win in all our trades to be consistent in the market as there are no holy grail in trading forex.
    FOR EXAMPLE

    If we take 30 trades in a month and lose 15 trades and the other 15 are winners using 1:2 or more reward ratio depending on the signal,we will be earning more.practically lets say we are risking 5$ for a single trade and expecting 10$, if we lose 15 trades then that is 50$ loss and we win 15 trades that will be 100$ profit,so we are in profit of 50$ for that month, this is a very simple way of staying consistent you just need a good strategy. sometimes we would get more than that depending on your analysis here is a prove of my chart below

    Attachment 23255

    I risked 2$ to get 10$ which is 1:5 risk reward ratio imagine you did this in those 15 winning trades then you wouldn't need to win all the time to become successful,lets try this and see the end result for 6 months.

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  2. #2661
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    The way to take care of the losses is to trade with the use of the right time frame and also using a strategy that is simple to understand. I am a forex trader and then I know the importance of trading with the use of the right analysis been done because that is the basic way and place of making sure that we have good view about the market before taking that trades.

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  3. #2662
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    There is no strategy which help us to minimize losses and maximize earnings. A trading strategy is only provide us technical analysis that what will be the next possible movement of the market. Because, other tools are more important than a trading strategy like proper money management and learn psychology of Forex trading that how to control emotions.

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  4. #2663
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    Most of the people that trade in the forex business wants to make money, however the people that indeed gets profitable opportunity are few, before we can maximize our profits potential in this market. We need to develop patience and a good money management skill because that is where success can begin from, trading in this forex business is serious, and we trade regularly reduce your losses.

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  5. #2664
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    Quote Originally Posted by yimu View Post
    There is no strategy which help us to minimize losses and maximize earnings. A trading strategy is only provide us technical analysis that what will be the next possible movement of the market. Because, other tools are more important than a trading strategy like proper money management and learn psychology of Forex trading that how to control emotions.
    So many good and profitable strategies are available in Forex it depend on the trader knowledge and his trading skills which strategy he choose for trading.For minimizing the loss trader should spend his good time for learning and do more practice on demo accounts.For making good capital trader should choose the long term strategy and trade the trend.

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