Avoid Losses In Forex Trading

I actually, in all businesses included in forex trading, whose loss is a loss or it is normal. It's just that, of course we are trying how to so that we can minimise this loss so that in general our accounts continue to grow with positive growth. So, I mean losses in the title of the article above is excessive losses.

Theoretically, the risk of loss in a business is always there. And in practice, both from personal experience and wildlife experiences another trader, whose name the loss position is usually still exists, albeit with a small percentage. OK, let us beware of the following things, in order that you do not experience a loss (excessive) in trading.

Do Not Over Trade

Do not be excessive trading. Note the resilience of a margin you. A wildlife trader even suggested, in addition to paying attention to the margin, quantity of open position also did not mind too much. As a benchmark, approximately, to trader sufficient scalper did open position about 10 positions per day, to day traders approximately 2 times a day for swinger traders even less again.

Don't Be Over Confident

Confident, especially believe in its own analysis of it should be. But, an excessive confidence could be a boomerang. Frankly I've MC because of overconfidence, main 3 open position buy at every level Fibonacci which I believe will become resistant. It turns out? Prices continued to rise and the MC was the one I have for the third time.

Don't get too fixated on Technical, Beware Also News Release
For those of you who are technicalist, can-can you just rely on technical analysis and indicator. But, it's good to remain aware of the news release. Being technicalist is not mean you do not know when the NFP time right?

Although you don't like market conditions sometimes indeed deviate from the technical, at least by knowing when the news releases we can maintain a position is still open, or even perhaps to know when to shy away from the market for a while.

Just go to Market when it's Sure (Trading by Moment)
If you are not sure of the condition of the market, or you feel the market is not attractive, yeah never mind ... not have to enter the market first. For example, market conditions are sideways and you didn't like the conditions, hold sideways alone used to enter the market. Wait for the breakout first deh.

Always Use Stop Loss

Many traders, especially wildlife trader is new, does not like Stop Loss, because they consider it "accelerate" SL losses instead of "restricting" loss. In my opinion, it's not wrong her SL ... but we were wrong in placing his SL. Trading without SL indeed sometimes tantalizing, because the "as if" we're never wrong position. But once again I remind: be careful. If we are trading without SL, then once we realize the wrong position, usually the account we've vanish.

Cut Loss If Necessary

When we realized the one position that is obviously misguided, don't hesitate do cut loss. If you feel always doubt or pity to cut loss, then go back to the previous advice: always use stop loss order that automatically positions the closed when it reaches a certain loss.

Never Stop Learning

Never stop learning, learning is good in theory, learn from your mistakes and learn from experience. And don't forget, enjoy this learning process. Believe ..., trading is fun!