I agree with you Ez, I always wonder why some people insist on trading if they refuse to learn from their mistakes.
Is there a good way we can Stop Losing money?
- Thread starter FxVictor
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I agree with you Ez, I always wonder why some people insist on trading if they refuse to learn from their mistakes.
Indeed that losing money is much easier than winning money in Forex.
I think the one who knows the way where we can stop losing money and make more profits won't sharing here. I just think everyone cannot win in the market. Winners have their own ways.
I'd rephrase it. "the only thing that you can stop losing money, is to stop trading....
Skip DEMO??? So, tell me, how and when do you learn platform operations? You gonna put real money on the table to learn??
I skipped demo as to me it is a waste of time. I opened a micro account, put $200 in it and learned the platform. I viewed it as an investment in my trading career. After I felt comfortable I made a deposit and started trading. I prefer learning in real rather than doing demo. Everyone is different.
If $200 is something to you then I think you should not start to trade at all, but again that is my opinion on it. I think the biggest mistake new traders make is that they do not have sufficient capital to start with.
Hi,
How true that is.
If you are going to start live trading, you just cannot affort to put yourself under pressure from go with a small balance, even if you apply good MM and a micro account. You will want to show bigger earnings and then take more risk with the sure result that will follow.
In my estimation you need at least $1000 minimum. Take some losses, apply MM and if your disipline and system is good you WILL recoup and grow your account.
Just my two cents,
Cheers.
How true that is.
If you are going to start live trading, you just cannot affort to put yourself under pressure from go with a small balance, even if you apply good MM and a micro account. You will want to show bigger earnings and then take more risk with the sure result that will follow.
In my estimation you need at least $1000 minimum. Take some losses, apply MM and if your disipline and system is good you WILL recoup and grow your account.
Just my two cents,
Cheers.
of course you can stop loss by stopping your greed and when you will not do any greed then automatically your losses will be decreased , so try to stop greed first then you need not to think about stop loss
There are truly no means to stop losses in the market as forex is a dicey trade- you can only reduce your losses. One of the best ways to stop your losses is setting a stop loss for yourself and taking well calculated risks. Psychologically, it is best you are rich in patience to be rich in the forex.Diligence and caution are the best anecdotes to losses in the market. Once you are careful in the market you are too hot for any broker to scam and then you would see every broker is safe even if he is not under any regulatory body.
yes you can with making best portfolio. like invest in different ways. for example USD/EURO, USD/GOLD, USD/Pounds etc. this will prevent you from greater lost. if you lost from one than will gain from other.
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