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Thread: The best way to avoid losses is to be prepared for losses

  1. #1
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    The best way to avoid losses is to be prepared for losses

    We all know that losses are part of the Forex business and we can never in any way become immune to losses. Even the very expert traders of the world need to book losses in some of their trades. We all have come to trade Forex to earn profits and not to lose money but we need to understand that without learning the art of booking losses at the right time we cannot be successful trader.

    I have seen that many traders never want too book losses and close their wrong trades with small losses. They always wait for an opportunity to book at least some profits and with this attitude they often blow their accounts.

    We need to understand that small losses are always better than big losses and many times using a stop loss or closing a trade with small losses can save us from severe losses.

    In short a trader should be prepared for whatever way the market might move after he opens his trade. Please share your views regarding this

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  2. #11
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    First we should know that loose is a big part of forex market and most of traders loose in it and the one who gain in that market is not the one who always gain but it is the one who has more gaining pips than his or her loosing pips,That is mean loose is a big part of forex market,The best way that can help us to be ready for loose that we have the enough learn about that market and we should never trade without stop loose,Stop loose is the only way that make you dont loose more than you want,

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  3. #12
    Trader rinaji's Avatar
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    Yes don't be afraid of loss, we have to accept the loss and minimize the loss as small as possible. One wrong act is when we allow a maximum loss without limit or stop loss or cut loss, but we limit the profit. Take the loss as small as possible and take more profit than loss. Profitable is not mean without loss. Actually I'm trying to experiment according to my point of view in this case, I made a new journal to observe the progress of my experiments.

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    If you lose, be patient. If you win, stay humble

  4. #13
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    Yeah you are right dear we should never afraid to do trade in forex if we will think that we have to not loss any single penny here and have to make a lot of money then this type of thinking will never help us here loss is a very common part of our trading which we have to accept in this business

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  5. #14
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    Quote Originally Posted by Khimi234 View Post
    Yeah you are right dear we should never afraid to do trade in forex if we will think that we have to not loss any single penny here and have to make a lot of money then this type of thinking will never help us here loss is a very common part of our trading which we have to accept in this business
    [lang=id]Well, losing money surely is very common in here but all traders will need to know about a good money management as well. There are some traders that are able to trade very good. But in the end, the sole reason that they loss the money is most likely because the lack in experience and then the lack in knowledge. it just can't be helped at all that they will experience that since they need time to learn first. Sometimes losing money is fine as long you know where the market will goes in the long run.[/lang]

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  6. #15
    Trader Hukam's Avatar
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    loss is a very common thing in forex we can loose money for few times but if we will be ready for our losses only then we will able to make a very good planning in forex trading market otherwise if we will afraid to open any position to make money then it will not be a good solution to become a good trader here

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  7. #16
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    That's very true if we have to make money in forex then we have accept losses also if we will not accept any losses then it will be very tough to make money because without any risk there is no gain in forex trading we should prepare properly for every single trade and should avoid greedy trading

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  8. #17
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    The only way to avoid losses is by planning and studying well before opening a trades. Indicators can be very helpful for traders to get correct buy or sell signals. The most common one I know is the moving average and some other like that. But to make any indicator best, it means you have to have done serious mastering of it.

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  9. #18
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    What a good thing that forex traders should be on the look for. If you have prepared for the losses, it means that it will not be a surprise or affects you when you are losing. You should have made a way to cater for how you will recover and have the success in the market. This will be mainly in the good management of the trader.

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  10. #19
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    Quote Originally Posted by cozard007 View Post
    What a good thing that forex traders should be on the look for. If you have prepared for the losses, it means that it will not be a surprise or affects you when you are losing. You should have made a way to cater for how you will recover and have the success in the market. This will be mainly in the good management of the trader.
    we do have to accept the loss in this trade, but after after we realized that we would be able to continue to lose in this trade we never felt that we would get this trade to avoid the risk management in trading because after all risk management in this trade will be able to make we will be able to continue to be better if we are able to control it with discipline when it happens we will not lose too feel a great loss

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  11. #20
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    Our temptation is to stay away from to avoid losses. Here is a very important issue as leverage to trade with low leverage, it is better for us. See news if you do not trade, it would be news to follow.

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