Is It Possible To Evade Loss In Forex Trading

[Zootoxin]

It is not possible to completely evade loss but it can be reduced in forex trading. You can minimise your losses and reduce them with a reliable winning strategy based on information and the development of an effective trading plan. I've had winning and losing streaks as a trader, but it hasn't stopped me from wanting to succeed.

 

[FXOchartist]

Loss is part in forex trading, sometimes inevitable, it is impossible to evade loss, however we can manage the risk based risk management plan and working with profitable trading strategy. The most important when face the loss is avoid revenge when loss trade occurs, because revenge to the market will be vain because we can't control the market. How to minimize the risk included we choose low spread broker like FXOpen, where in many pairs like EURUSD, AUDUSD, USDJPY and more sometimes get zero spread.

 

[BinarySumo]

You can’t! However, you can control them. Learn from your losses and apply risk management strategies. Use stop losses and market orders to ensure that you don’t deplete your trading account to the market’s volatility.

 

[AtomicDating]

Only good risk management strategies can keep you from suffering large losses in the market. There is no other way to deal with the risky nature of forex trading. If you want to be a successful forex trader, you must learn about risk management.

 

[GorillaOcean]

With proper risk management and discipline, losses can be reduced in forex trading. Proper mindset is crucial. Constantly remind yourself that you can still make money in the market and that being successful occasionally is not the only goal. Instead, you must remain consistent and build up minor profits over time as every step counts.

 

[Exoculate]

No one can do that. But, of course, risk management and trading psychology can make everything easier. It does not mean that you will be able to recover your losses using risk management or trading psychology; it means that you will be able to control your risks and capital in a more efficient way.

 

[Swissycheese]

It's possible with a hedge but you need to know what you are doing and be confident in the direction change

 

[Ludicrism]

Losses can never be evaded 100% from forex trading but there are certain things that can be taken care of like:
1. Know your risks
2. Before you start trading forex, make sure you understand all of the risks involved. Do your research before starting any trade, once you know the risks you will be aware of them.
3. Have a trading plan - When trading forex, it is important to use a trading strategy that is tailored to your individual goals and risk tolerance.
4. Stay informed about market conditions Keep up to date on market conditions and make sure that you are aware of any changes that may impact your trade.
5. Use a stop-loss order If you are trading forex and feel that you are getting close to your limit, place a stop-loss order to protect your investment.

 

[SolarCrook]

You can minimise the risks associated with the forex market, of course. But for that, you have to practise risk management and emotional control. In risk management, you have to figure out the correct entry and exit points, leverage, and appropriate stop losses. Other than that, you must consider a trading journal as a crucial element in your trading journey.

 

[Kamala Hooper]

You will come across loss as well as profit in the process of trading, you just have to understand how to control loss and manage risk. By applying risk management techniques, you help yourself by saving capital and increasing chances of profit. That is how you move ahead in your journey.

 

[Tubiform]

You can’t completely remove the losses from forex trading. It is definitely possible to mitigate risks and limit the loss in forex trading. The 3 steps of doing so are - risk management, trading psychology, and money management.

 

[HeavLeighGill]

Agree with you. It isn't possible to avoid losses completely, but there are things we can do to minimize and reduce them.

 

[Mary Frederick]

Educate yourself with the best trading education. Otherwise, traders will fall into eternal losses. There are different forms of education available now and achieving it has become quite easier. So, devote yourself to learning and practicing as much as possible. The more a trader spends time in learning, the more he learns. Eurotrader provides traders with a free education program and reliable demo trading account.

 

[Caballine]

Evading losses is not entirely possible and trading losses are inevitable in forex. Cutting down the losses and limiting our drawdown with risk management is the right approach. It is normal to lose a trade once in a while and even experienced traders would be losing some money in the process. We just have to work on improving our skills and devising a strategy with a success rate of more than 50%. Risk management is essential for minimising the potential losses as we trade.

 

[Dita Walczak]

Some issues like requotes, slippage and dealing desk make a trader’s trading uncomfortable. They are really irritating so traders should bear this issue in mind at the time of selecting a broker. Eurotrader is an ECN standard broker free of all these technical glitches.

 

[Sotherefore]

Our lot size really matters when we are interested to trade and sometimes the lot size in our account will have to depend on the amount we are willing to risk.

People that are trading with over 1,000 dollars could have opportunity to use a lot size of 0.05 but people that are trading below $100 must used a lot size of 0.01 because that is the only way you can maximize your possibility of losing so much of your money.

If you are using a smaller account you shouldn't be in a hurry to make profit but the only thing you should be doing at that particular period of time is to look for the best strategy to grow that accounts to something reasonable.

Being greedy is not the best because you will lose your money within a twinkle of an eye. You must know when to take profit and also went to take a loss.