How to avoid losses in Forex Trading
Assalam o Alaikum to all the fellow traders, today I am going to discuss about how to avoid losses in few simple bullet points so that you find if any of them are present in your personality. The points are as follows:-
1. Never trade when the market is under the impact of news as there few news that impact massively to market and sometimes market go against the trend for a while or reverses back to the previous trend, what happens here is this that you have your stop loss on basis of your analysis but the few news impact highly that hits your stoploss or sometimes blow your account and then return back to its original state. So its better not to trade during news hours.
2.When ever you see a trend then never ever go against the trend as some big players in the market manipulate the market to grab as much as traders trap in and then boom the market goes on its trending way. So be careful in this regard.
3.If you have lost one trade so do not goto the market again immediately the market run for a while abd wait for next opportunity this way you will save your capital for upcoming huge opportunities.
4.When you are done enough profits then you dont have to be in the market always so sit back and enjoy your winnings. Over trading could cause you bigger loss then profits.
Best of luck to the all members of this forum and happy trading guys.
1. Never trade when the market is under the impact of news as there few news that impact massively to market and sometimes market go against the trend for a while or reverses back to the previous trend, what happens here is this that you have your stop loss on basis of your analysis but the few news impact highly that hits your stoploss or sometimes blow your account and then return back to its original state. So its better not to trade during news hours.
2.When ever you see a trend then never ever go against the trend as some big players in the market manipulate the market to grab as much as traders trap in and then boom the market goes on its trending way. So be careful in this regard.
3.If you have lost one trade so do not goto the market again immediately the market run for a while abd wait for next opportunity this way you will save your capital for upcoming huge opportunities.
4.When you are done enough profits then you dont have to be in the market always so sit back and enjoy your winnings. Over trading could cause you bigger loss then profits.
Best of luck to the all members of this forum and happy trading guys.