How to avoid trading losses?

[Ivo Zetticci]

You cannot fully avoid losses but you can reduce the number of losses by taking appropriate measures. Experienced traders never try to make profit in bulk within short time rather they maintain a discipline in trading. FXOpulence allows traders with a wide range of trading facilities. I trade in synthetic indices with the broker with narrow spread and 1:500 leverage.

 

[moonchild]

It is entirely impossible to avoid trading losses completely because trading is not a game perfect and you should expect to lose because you can always take a lose but winning can be elusive and takes time, sometimes you might take a lot of trades but won't be able to turn a profit.

What you should focus on is to minimize your losses and also learn to ride your winners, whenever you win always double up on your position and add more positions so that you can make more, but just you know you will have more losses than wins and it is entirely normal.

 

[Nite]

Implementing stop-loss orders is an effective risk management technique. Set a predetermined price level at which you will exit the trade if it moves against you. This helps limit potential losses by automatically closing the position when the specified price is reached. Also, diversify your portfolio. Avoid putting all your eggs in one basket by diversifying your trading portfolio across different assets, markets, or sectors.