The best way to avoid constant loses in forex trading is through discipline an obey management. Money management is the key. You must reduce your lost at all times and stake the as little amount as possible.
How to avoid countless losses via forex trading
- Thread starter Sincerem
- Start date
even when I started trading of bitcoins and other cryptocurrency I didn't know how to use stop loss and I lost so much I come and find out that most of this things like are actually to protect us from losing so much,if i had an idea of this stop loss earlier i won't have lost that much then.
Some people really think that they are too wise to outfox the system forex trading in built on without knowing that it's almost impossible because it's designed to make it hard.
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Many people are still not greedy and yet they still make huge loss, the most needed part should be the existence of learning the skills in it
Even though forex trading is a very risky venture but I have personally seen people who made profit from it. Discipline is important when it comes to you forex trading and also money management is another big factor.
There is no doubt that people are not making money from their investments on forex trading but the question is how much are they losing? Did they ever tell you that?
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- Thread starter
- #107
Laughs. They don't know that ways to make money online and offline is just risky. If you don't understand the risk you can't succeed. That happens to forex trading, one needs to learn it, understand it then begin trading.
Seriously, it's why it's called risk assessment and management. They are very important to see and understand as well as observed in a way that it works for you investment.
Greed sometimes cost people losing countless times trading forex. They just want to keep on winning all the time, forgetting that market changes.
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It's just being too greedy on their part as you have just mentioned. There is no way you would be in such a situation to lose money on forex if you are not too greedy from the beginning.
That's true. Trading when it is right and not trade all the time. Cautioning ourselves from trading often will reduce the risk too.
- Thread starter
- #112
You're correct. Risk management is meant to be adopted whenever where trading, be it forex or crypto trading. We shouldn't trade all the time because we want to recover funds or gain more.
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Seriously, it's where most people believe they are in the right when they are in the wrong because they would keep making the very same mistakes over and over again.
- Thread starter
- #114
Laughs. They simply don't want to learn, they just want to delve in into crypto trading or forex trading to make fast money. The opposite becomes the inevitable for them.
When I don't really care about what they do in the end because they are the ones who would still end up losing their own money and start complaining about everything.
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- Thread starter
- #116
That's some people for you, ignorance is simply riding around them. I just don't understand how one will enter into crypto trading or forex trading with out basic ideas around them. Failures is just knocking around them all the time.
Personally, I don't really know how people wouldn't have more information on something like forex trading and they would be interested in investing in the project?
- Thread starter
- #118
You don't know people, they want to follow others who became millionaires through forex trading, and become too overnight. They just don't want to learn how the tricks works there they want it hot and fast.
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It's just never realistic to just jump into the world of forex trading 
without having a good background knowledge about it, otherwise it's even game over for you.
without having a good background knowledge about it, otherwise it's even game over for you.
- Thread starter
- #120
I see it like pure gamble for my money, the chances of losing it all is peaked at 90%. I will only have 10% chance to make profit if luck plays my way. At it doesn't happen that way often. So I'll say loss is inevitable for such investor having no background knowledge around forex trading.
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