Is it possible for one to escape risks in forex trading?

[Eyiteepraise]

Due to the fact that forex trading is very risky. I want to know if there are ways or if it is possible if one who trades with forex later on not end up recording any loss in transactions for a while

 

[Oscar]

From my experience of seeing people trade in the forex market you are expected to make losses, but make sure your profits are more than the losses. Be sure to always place a stop loss order to prevent excessive losses.

 

[kaychiz]

From my experience in trading forex in the past the hardest thing to master is your psychology, as in your emotions. Lack of control for your emotions while trades are on most times is what leads to losses. So try working on your emotions and stick to your trading strategy and you could minimize losses.

 

[Josemendez]

Ofcourse it is possible to avoid risk , however as far as forex trading is involved , avoiding such risks won't really be that easy except with good knowledge .

 

[WhiteHouse]

There are a few different ways to diminish your risk in Forex Trading. How about we start!

First thing first, start with a capital that you can bear to lose. It appears to be a simple, not that much helpful guidance, but rather as a general rule, it is.

Recollect that putting resources into Forex Trading ought to have long haul benefit skylines, not simply be productive for two or three months, yet have a strong method to procure from this market.

In this way, with regards to dealing with your record, you ought to have a danger free outlook, not zeroed in on the transient outcome.

 

[Adeyoola7]

7 Ways I think we can Lower Risk in Forex Trading
1Keep your leverage low. Leverage is a powerful tool in investment. ...
2 Set correct stop losses and take profits. ...
3 Trade higher timeframes. ...
4 Look for a reason not to trade. ...
5 Avoid trading around big economic 6 announcements. ...
Trade markets with low 7 correlation. ...
Set realistic goals.