How to avoid countless losses via forex trading

[tray59]

To avoid countless loss in for ex you need to know how to make better analysis and know which pair to trade at the right time for ex is so risk so learn how to trade first before you proceed

 

[Ononivami]

That's one of the things about forex trading that can tire one out. Not every one has the patience to keep on studying and that's why some hasty forex trader, go into trading without adequate knowledge of the market and they end up incurring loss.

If you are interested in forex trading, you shouldn't get tired of learning because you would keep learning all the time if you really want to develop top-notch , result-oriented trading strategy.

 

[greenie]

Forex trading is excellent for those who have mastered the skills and are disciplined enough. Just as you mentioned being passionate about it, that has disqualified me from the trade. I would rather trade through an expert.

 

[Laurentta]

If you are interested in forex trading, you shouldn't get tired of learning because you would keep learning all the time if you really want to develop top-notch , result-oriented trading strategy.

The truth is that not everyone likes studying. Most people study about force trading not because they want to or enjoy it but because they have to in other to be successful in forex trading. It takes a determined and patient person to undergo all the learning involved in forex trading.

 

[Genie01]

This is superb
However, loss is inevitable in forex trading.
Even the most experienced and the most profitable forex traders takes losess at some point in the market.
It is a game of risk management and risk management is implemented by sound psychology and a working trading plan

 

[Ononivami]

The truth is that not everyone likes studying. Most people study about force trading not because they want to or enjoy it but because they have to in other to be successful in forex trading. It takes a determined and patient person to undergo all the learning involved in forex trading.

Forex trading needs a lot of knowledge because you will have to equip yourself with how to analyse the market sentiment using both the technical and fundamental analysis.

 

[tray59]

It's better you learn both fundamental and technical analysis know how to take good trade and also believe that every trade you placed is through your candid analysis use all and tp

 

[Laurentta]

Forex trading needs a lot of knowledge because you will have to equip yourself with how to analyse the market sentiment using both the technical and fundamental analysis.

I know forex trading needs a lot of knowledge, but the truth is that not everyone likes to study. It is only a determined and patient person that would be ready to acquire adequate knowledge about forex trading.

 

[UsmanAmoyo]

Well said. Many get into trading believing that if they make an investment they can view it as a sort of get rich quick scheme however this is never the case. In fact when it comes to trading there is a lot knowledge that you need and you need to stay up to date with all the happenings of the world constantly. This will require you to think and make decisions with your knowledge and not based on what you feel or your gut feelings at the time.

That's the truth!
The profitable traders are critical thinkers that analyse the charts and news in order to come up with a decision whether to buy or sell.
Emotions kills in forex trading