How to avoid countless losses via forex trading

[Sincerem]

One of the biggest problems people face is greed. I don't trade but trading is what I plan on going into next because that is one of the three ways of income I have planned for myself, I have a friend that whenever he trades and makes huge losses he just leaves his phone and takes at least minimum of three days break not because he is scared but because he wants to come down.

He ought to do that, he took a nice precaution. Because he knows if he continues that losses follows all through. That's why we shouldn't trade so often.

 

[Bookwormlux]

A key thing needed for forex trading is patience and contentment - when you're not sure of the market or what you're know, never trade the market, no matter how tempting it is.
Be content, even if the market is as profitable as ever; once you've hit your daily target, exit the market. You need a great sense of discipline in this area, I tell you

Those who cannot take profits after a little percentage rise would definitely lose out as they get blinded by greed even when reality is saying otherwise.

 

[Kingstone]

Well said. The list goes on and on and in fact, it has become a mantra for traders. Yet, it is not easy not to give in sometimes. Trading is so tricky that once can quickly give in to emotions and the red alerts will begin to check in

 

[GIFTMICHAEL]

Any trader who often trade digital currencies without going break risk losing all he has made within some hours. Cos the time when the market turns red occur.

 

[Pousinha]

First of all, to avoid countless losses it's necessary to avoid comparing trading to gambling. There are people who confuse the 2 activity and trading as it were gambling only lead to losses. To trade in the right way, it's necessary a previous hard studying period about markets, economy, finances, to be updated with politics decisions (national and international decisions) and to be updated with relevant national and international events, as they use to affect markets.

 

[mcjerry]

* Don't spend what you can't afford to lose. Always make sure that you can take

When you say that don't trade more than we can afford to lose. Then it means that we have seen it has gambling. The moment we see forex trade as a business will be telling moment we will start earning profits from forex trade and never loss our money again. I see forex trade as a business so I never loss my money. I am still gathering like $500 to start real trading. The small I do I don't have savings with it because I do withdraw it to pay for some bills. That is why I have still not make it big trading.

 

[Shigobad2020]

I have been into forex trading and i have loss woefully but seeing your write up concerning how we can avoid countless loss when we are trading in forex gives time the hints of the does and don't when trading on forex.

 

[Sincerem]

When you say that don't trade more than we can afford to lose. Then it means that we have seen it has gambling. The moment we see forex trade as a business will be telling moment we will start earning profits from forex trade and never loss our money again. I see forex trade as a business so I never loss my money. I am still gathering like $500 to start real trading. The small I do I don't have savings with it because I do withdraw it to pay for some bills. That is why I have still not make it big trading.

That's good you've taking advantage around forex trading to make your presence felt too that you can trade and earn from forex without losses. Keep on striving, and come up with your expected savings to enable you make more via forex trading.

 

[Dowenship]

To become successful through forex trading their are some rules you need to observe and respect. If one fails to adhere to those requirements, problem follows, that might result to series of losses. In order to succeed in forex trading you need to avoid this rules.

The rules are as follows;

* Always trade when it is the right time, follow trading signals. Join group of expert forex traders and partake in their conversation to ascertain when it is right and wrong to invest your funds to trade.

* Don't trade when you are feeling emotional.

* Use a forex broker for a step by step guideness and realtime forex trading updates, and analysis.

* Don't spend what you can't afford to lose. Always make sure that you can take losses without suffering from the setback.

* Don't enroll into forex trading when you have minimal expertise to succeed. Always seek mentorship from expert and learn about the basics of trading forex.

* Don't start trading because you heard that people are making money through it. You must be passionate about forex trading. See yourself that you can succeed with forex trading.

You See that part of 'don't enrol into forex trading when you have minimal expertise to succeed is not always the fault of the newbie but tutors that claim to never have loses...

 

[Sincerem]

You See that part of 'don't enrol into forex trading when you have minimal expertise to succeed is not always the fault of the newbie but tutors that claim to never have loses...

Hmm, at times the fault is from the newbies. When you go seeking for orientation and getting such kind of information of traders success, such newbie should also go for the risks that are involve in the investment too.

 

[Stylex]

Write your reply... How to avoid countless looses via forex trading well I think loses are must because you can never succed without losing is just that some times it happens often and frequent times that just it

 

[Sincerem]

Losses are there in forex, but as an expert trader losses isn't your thing. You can the losses by applying wisdom. It is expected that your income is by far greater than your loss via trading.

 

[Hojo]

Everything just need constant practice and patience , you can't just be shown and understand everything in a minute or day , you need to be patience and avoid greediness

 

[Sincerem]

Greediness isn't a nice thing when it comes to business. We need to trade and take out profit that is reasonable and not being over greedy looking for plenty at a time.

 

[Bousine123]

Nice write up my friend. There isn't a better way to put it. Patience is necessary in any and everything one sets his mind to do in life.

Simple fact.

 

[Sincerem]

Yes patience is required when it comes to investing like forex trading. If we aren't patience enough, trade with understanding it wouldn't be easy to make profit through forex trading.

 

[harrypaul]

You said it all but your forgot to talk about greediness.
Greed is also one of the major factor that make traders loss s lot of money.
Never try to get rich in a single trade or just in a moment.

 

[YERUS]

To become successful through forex trading their are some rules you need to observe and respect. If one fails to adhere to those requirements, problem follows, that might result to series of losses. In order to succeed in forex trading you need to avoid this rules.

The rules are as follows;

* Always trade when it is the right time, follow trading signals. Join group of expert forex traders and partake in their conversation to ascertain when it is right and wrong to invest your funds to trade.

* Don't trade when you are feeling emotional.

* Use a forex broker for a step by step guideness and realtime forex trading updates, and analysis.

* Don't spend what you can't afford to lose. Always make sure that you can take losses without suffering from the setback.

* Don't enroll into forex trading when you have minimal expertise to succeed. Always seek mentorship from expert and learn about the basics of trading forex.

* Don't start trading because you heard that people are making money through it. You must be passionate about forex trading. See yourself that you can succeed with forex trading.

Very good points outlined here.
Number two point is very important, seriously.
As a trader, you should not trade when you are emotional.

 

[Toyoabasi]

To become successful through forex trading their are some rules you need to observe and respect. If one fails to adhere to those requirements, problem follows, that might result to series of losses. In order to succeed in forex trading you need to avoid this rules.

The rules are as follows;

* Always trade when it is the right time, follow trading signals. Join group of expert forex traders and partake in their conversation to ascertain when it is right and wrong to invest your funds to trade.

* Don't trade when you are feeling emotional.

* Use a forex broker for a step by step guideness and realtime forex trading updates, and analysis.

* Don't spend what you can't afford to lose. Always make sure that you can take losses without suffering from the setback.

* Don't enroll into forex trading when you have minimal expertise to succeed. Always seek mentorship from expert and learn about the basics of trading forex.

* Don't start trading because you heard that people are making money through it. You must be passionate about forex trading. See yourself that you can succeed with forex trading.

You have penned it all down.
Thank you for sharing.
To trade without incurring so much losses, it is ideal to study the market properly, know the right time to trade, be patient, get a mentor to guide you through tough times.

 

[Sincerem]

Very good points outlined here.
Number two point is very important, seriously.
As a trader, you should not trade when you are emotional.

Sure, when we are feeling emotional we shouldn't near forex trading in fact any kind if trading. Sue to our mindset being duplicated and not given 100% to the trading due to how emotional we felt for something that happened to us.