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Forex
Forex: Avoiding losses
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[QUOTE="Good-Guy, post: 331679, member: 29109"] I may agree that dealing in volatile assets could be a great way to make money in the trading markets. However, we must also realise the fact that market volatility is one of the most important things we must consider when it comes to trading. When we trade in extremely volatile markets, then we have to understand the fact that price can go anywhere. Volatile markets are the kind of markets where price never remains consistent for a long time and the price jumps in an unexpected manner. This is why don't you think that volatile markets are very risky? As far as avoiding losses is concerned, risk management strategy could be used if we want to reduce losses. Using a stop loss is also a very good idea. Price action trading should also be considered when we talk about decreasing the chances of losses. We must also understand the concept of support and resistance as well when we plan to trade in financial markets. When we combine all of these factors, we may be able to create a better trading strategy. This is what I am trying to do as of now. I also plan to use indicators as well when it comes to trading. [/QUOTE]
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Forex: Avoiding losses
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