Cut your losses
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  1. #1
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    Cut your losses

    I believe that many traders will be wondering why some traders are successful, and while many are failing. It is true that more than 95% of traders are losing their money, while fragment less than 5% are adding more profits every time in the market. It has always being like that, and it will continue if traders do not take action.

    The first thing to do if you want success is to have a preserving ways of the account. If the trading account is actively preserved, then I believe that you have a better opportunity and trading shots next time you trade. This is the main reason for the success of some traders, SURVIVAL!

    CUTTING YOUR LOSSES: Almost all the traders I have known that fails in this market are having a trading system that is more than 75% winning. It means that they lose all their accounts, that is why they do not have the privilege to continue the task/challenge in the market any further.

    And the only way to stop this is to limit the way you are losing in the market. If you can adopt the tight stop loss usage (By tight stop loss, I means having a stop loss of nothing more than 10-30pips) depending on the trading system you are using). This means that the account will be active all the time, and you will be active when there are opportunities that will favour you comes.

    In other words, always place your stop loss, and let it be tight. Never allow your account to be free to drawdown, this is the way a trader have margin calls and have their accounts stopped at the same time, this is a careless act is the stop loss is more. And if the account is preserved, you will have success with time. HAPPY TRADING!

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  2. #2
    Trader snnaky's Avatar
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    [lang=ar]Yes, my friend - agree with you very much
    There are traders do not care about how to maintain the account Although he good trader That's because it does not follow a pro-rata strategy
    Must fit the lot size with the size of the money available in the account and also not to open more of a deal if the account is very small because the goal is not only profit but more importantly how to keep the first account as long as possible so that there will be opportunities for profit
    And there it quickly lost the account is wrong[/lang]

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  3. #3
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    Quote Originally Posted by snnaky View Post
    [lang=ar]Yes, my friend - agree with you very much
    There are traders do not care about how to maintain the account Although he good trader That's because it does not follow a pro-rata strategy
    Must fit the lot size with the size of the money available in the account and also not to open more of a deal if the account is very small because the goal is not only profit but more importantly how to keep the first account as long as possible so that there will be opportunities for profit
    And there it quickly lost the account is wrong[/lang]
    if we're concerned with the risk and use measurable risk in the trade I am sure this will make it easier to trade with cut loss because traders are not concerned with their risk management which are usually doing this trade with doubt and have a dilemma in setting cut loss in trade because it was already lost so much in the trade without considering the risk management before opening a trading position

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  4. #4
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    forex is a financial online business. So loss and profit is a party in forex business. But I think we can cut our losses from forex. At this reason we must need to become careful when we are trade in forex. I think careful mind, and many kinds or analysis can help to cut our losses from forex trade business.

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  5. #5
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    Quote Originally Posted by snnaky View Post
    [lang=ar]Yes, my friend - agree with you very much
    There are traders do not care about how to maintain the account Although he good trader That's because it does not follow a pro-rata strategy
    Must fit the lot size with the size of the money available in the account and also not to open more of a deal if the account is very small because the goal is not only profit but more importantly how to keep the first account as long as possible so that there will be opportunities for profit
    And there it quickly lost the account is wrong[/lang]
    Lack of care is the right word sir. Many traders will now be regretting it if they have gotten the margin call or stop out because of this. It is a wise saying that says 'prevention is better than cure'. If you cut your losses, you will have better chance to try your luck next times you are doing the trading, than losing recklessly at once.

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  6. #6
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    Yes it can be done but you have to analyse it on the basis of the mentality that is rampart in the forex market. The people want to make big money and that too within a small time. For such a mentality it cannot be easier to cut the losses because if you want to use Big Lot size to make big profit then there is little chance that you will be able to cut your losses.

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  7. #7
    Registered user mohabbat's Avatar
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    Just avoid your bad habits if you want to cut your losses. Bad habits are like greediness, emotions, over trading mentality and not trading by making plan. Stay away from all bad habits and see the result. Most of us are losing in forex market because of their own mistake and bad habits. Get rid of all bad habits and increase your trading performance. This way you be able to reduce your loss so easily.

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    Don't loss you hope.

  8. #8
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    Quote Originally Posted by snnaky View Post
    [lang=ar]Yes, my friend - agree with you very much
    There are traders do not care about how to maintain the account Although he good trader That's because it does not follow a pro-rata strategy
    Must fit the lot size with the size of the money available in the account and also not to open more of a deal if the account is very small because the goal is not only profit but more importantly how to keep the first account as long as possible so that there will be opportunities for profit
    And there it quickly lost the account is wrong[/lang]
    I agree with you snnacky and its a position we have to believe and make it best for us to make some good money there is every effort we see out there we have to run the market and know how to trade everythin we have to make usre that when a trade seriously does not agree with us we must trade forex well and cut losses if so we to prevemt higer losses

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  9. #9
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    Quote Originally Posted by Irungu View Post
    I agree with you snnacky and its a position we have to believe and make it best for us to make some good money there is every effort we see out there we have to run the market and know how to trade everythin we have to make usre that when a trade seriously does not agree with us we must trade forex well and cut losses if so we to prevemt higer losses
    Every effort in this business will bring the fruit and we can make money in every trade but we need to always try to prevent the greater loss as well. If we want to success then we need to prevent losing a great deal of money just from a mistake in our own trading. That much is something we will not wish to happen at here.

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  10. #10
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    Quote Originally Posted by snnaky View Post
    [lang=ar]Yes, my friend - agree with you very much
    There are traders do not care about how to maintain the account Although he good trader That's because it does not follow a pro-rata strategy
    Must fit the lot size with the size of the money available in the account and also not to open more of a deal if the account is very small because the goal is not only profit but more importantly how to keep the first account as long as possible so that there will be opportunities for profit
    And there it quickly lost the account is wrong[/lang]
    If you have small capital so then you need low leverage because then you can working on the small risk. because if you will try to earn large on the small amount so then you can loss your money. low leverage will protect you from taking the high volume trade. if you have large capital so then this is fine and you can open high volume trade...

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