moonchild
VIP Contributor
As we all know loss In forex is inevitable, there are some trades that won't go our way, maybe due to reversal, lack of liquidity etc
So, the best thing is to keep these losses very very low and the way to achieve this is by using small lotsizes, by using small lot size you have reduce unnecessary exposure of your account balance and no matter how a lose occur you won't be lose much more money.
Also, it makes you to focus on only high probability trades, that is, since you're only using a small lotsizes you have to maximize your profit.
Using this technique you won't Evade Loss completely but you'll be able to mitigate it to the barest minimum and therefore it won't have a negative impact on your trading account.
If you're starting out with a very small account, then the only way to avoid mega losses is to use a cent account., because using a cent account, if you have a 10$ balance it will be converted to $100 which I think is fair enough to start out trading.
In conclusion it is not possible to escape losses completely in Forex, but you can mitigate them
So, the best thing is to keep these losses very very low and the way to achieve this is by using small lotsizes, by using small lot size you have reduce unnecessary exposure of your account balance and no matter how a lose occur you won't be lose much more money.
Also, it makes you to focus on only high probability trades, that is, since you're only using a small lotsizes you have to maximize your profit.
Using this technique you won't Evade Loss completely but you'll be able to mitigate it to the barest minimum and therefore it won't have a negative impact on your trading account.
If you're starting out with a very small account, then the only way to avoid mega losses is to use a cent account., because using a cent account, if you have a 10$ balance it will be converted to $100 which I think is fair enough to start out trading.
In conclusion it is not possible to escape losses completely in Forex, but you can mitigate them