How to avoid countless losses via forex trading

[Heatman]

Lol. To their information they'll even lose money more than the way they lose via betting. Forex trading isn't luck where a lay man will come to gamble at and win big. Experience do the talking.

Exactly, forex trading isn't something a layman would just wake up to one day and decide he wants to get into it, he won't make it.

 

[GIFTMICHAEL]

I've learned a lot from this forum, this just indication of it. I don't rush into any investment without learning about it. Gradually I'll be learning to make perfect or inch perfect at least.

 

[Heatman]

I've learned a lot from this forum, this just indication of it. I don't rush into any investment without learning about it. Gradually I'll be learning to make perfect or inch perfect at least.

You can always be cautious when you have a target with your investment, if you are not careful with it, you can easily make a big mistake.

 

[Sincerem]

Exactly, forex trading isn't something a layman would just wake up to one day and decide he wants to get into it, he won't make it.

Lol, let them try it and see if they'll earn millions from it they way they do. Even though luck do play its own part. But in trading loss will welcome such kind of layman into the investment platform.

 

[BrolySSJ]

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.

This is excellent advice. I think that one of the hardest ones to master is to not trade when you are emotional because as humans we are naturally emotional and as such we make decision on impulses which is not good for trading at all. To learn this it takes time and experience.

 

[Sincerem]

This is excellent advice. I think that one of the hardest ones to master is to not trade when you are emotional because as humans we are naturally emotional and as such we make decision on impulses which is not good for trading at all. To learn this it takes time and experience.

Yes, feeling emotional can caused us losing more. Even in the real world when you're feeling emotional will make you plunder or failing to do things right. Trading is all about being cautioned and trade when you're feeling ready for it.

 

[BrolySSJ]

Yes, feeling emotional can caused us losing more. Even in the real world when you're feeling emotional will make you plunder or failing to do things right. Trading is all about being cautioned and trade when you're feeling ready for it.

Also i think that people tend to rush in with large investments hoping to profit, however they have to remember that crypto is a learning curve and you have to start small first to minimize your losses. That way you can learn to control your emotions with a small investment.

 

[joy101]

That's good when investing in forex trade one should know the actual time to invest, so that the person will not lose he/ her money in forex trade.

 

[Sincerem]

Also i think that people tend to rush in with large investments hoping to profit, however they have to remember that crypto is a learning curve and you have to start small first to minimize your losses. That way you can learn to control your emotions with a small investment.

That's true dear. It isn't a get rich scheme, you don't suppose to rush the market with large sum of money. Starting with what we can afford to risk is better.

 

[Bigabigs]

Always only trade with capital you can readily afford to lose. Don't ever trade when you are not in the mood to trade that day. Learn the art of trading properly form the experts. And never follow any trading signal group for whatever reason to trade.

 

[Heatman]

Lol, let them try it and see if they'll earn millions from it they way they do. Even though luck do play its own part. But in trading loss will welcome such kind of layman into the investment platform.

Seriously, I keep laughing at such people because I know very well that they are the biggest fools who are already set up to fail with no break.

 

[Sincerem]

Seriously, I keep laughing at such people because I know very well that they are the biggest fools who are already set up to fail with no break.

Lol, they are ignorant of the trading. They are just trying to see if they'll make some cash out of it. Unknowingly to them, failure becomes inevitable.

 

[FreshKaz11]

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.

I guess you've said it all in this post, because it remind me of when am about to start forex trading without knowing more about it,but I was told I could make millions overnight,so I went ahead and jump into it and mind you I lost everything I invested in it.

 

[Heatman]

Lol, they are ignorant of the trading. They are just trying to see if they'll make some cash out of it. Unknowingly to them, failure becomes inevitable.

I'm actually still kicking myself up for the worst experience I have ever had in such a long time with trading. It will never happen again in my life. Only a fool will let it happen twice.

 

[Ehizzy1]

I understand and i think when trading on forex ,you need to avoid pressure of missing out and many others ,also you need to learn from people before investing in forex

 

[Heatman]

At the initial point in time, I was used to thinking about how to quickly rush into forex trading but it was never something to jump into either with less knowledge about it.

 

[Sincerem]

I'm actually still kicking myself up for the worst experience I have ever had in such a long time with trading. It will never happen again in my life. Only a fool will let it happen twice.

Lol. That's why we need to be cautioned when it comes trading. Trading when the market isn't favourable to us is bad. That is what makes it hard for the inexperience to succeed.

 

[Sotherefore]

This information is also for people who trade cryptocurrency and you should make use of all the function that are designed to help you cut the risk, example are stop loss and automatic profit taker, this will help you to come the risks of losing so much when you are trading, have a good mentor.is important.

 

[Sincerem]

This information is also for people who trade cryptocurrency and you should make use of all the function that are designed to help you cut the risk, example are stop loss and automatic profit taker, this will help you to come the risks of losing so much when you are trading, have a good mentor.is important.

Yeah, you spoke wisely. Stop loss enables us reduce the risk of losing all we got in trading. Learning from crypto expert that has been on the field long time is very ideal also, for the traders growth.

 

[btaliat]

You have nice tips. But losses to me is inevitable in forex. It can only be minimized. So the best way is to make sure you learn it very well before you jump into it. And after that, trade with caution and stop being greedy.