Avoid Losses In Forex Trading

Avoid Losses In Forex Trading
Actually, in all businesses, including in forex trading, whose loss or loss is common. Only, of course we are trying how this loss so that we can minimize so that in general our accounts keep growing 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 indeed always there. And in practice, both from personal experience the other trader friends experience mapun, whose name the position of loss is usually still there, no matter how powerful our trading system, albeit with a small percentage loss. Okay, let us beware following, so that you can avoid loss (excessive) in Forex Trading.

Do Not Over-Trade
Do not be excessive trading. Note the resilience of a margin you. A friend even suggested the trader, in addition to paying attention to the open position, the quantity of margin also doesn't mind too much.

As a rule of thumb is roughly, for scalping, traders simply do open position about 10 positions per day. As for day traders approximately 2 times a day. For the swing trader is even more a little more.

Do Not Over-Confident
Confident, especially believe in its own analysis admitted. But, excessive confidence could backfire. Frankly, I never got a Margin Call (MC) because of overconfidence, main match report: open a buy position in the Fibonacci levels that I believe would be resistant. It turns out? Prices continued to rise and the MC I for the third time. Hehehe ...

Don't Get Too Fixated On Technical, Beware Also News Release
For those of you who technicalist, may-be you just rely on technical analysis as well as indicators. But, it's good to remain aware of the times news release. Being technicalist is not mean you dont know what it is and when it's time Nonfarm Payroll right?

If you don't like the market conditions which sometimes indeed deviate from the technical, at least by knowing when the moment news release we can maintain a position is still open, or even perhaps so that know when to shy away from the market for in the meantime.

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

Always Use Stop Loss
Many traders, especially new traders don't like Stop Loss, because they consider this SL "speed up" instead of "limiting losses" losses. In my opinion, it's not his SL anyway ... but we were wrong in placing his SL.

Trading without SL indeed sometimes tantalizing, because the "as if" we dont ever 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 you always doubt or pity to do cut loss, then go back to the previous advice: always use stop loss order that automatically positions the ter-closed when it reaches a certain loss.

Never Stop Learning
Never stop learning forex trading, well learned in theory, learn from your mistakes and learn from experience. And don't forget, enjoy the learning process. Believe deh ..., trading is fun!

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