Thread: How to avoid loses in forex

If you want to avoid losses, you'd better stop (or not begin) trading with PAMM accounts. You will definitely loose the money, cause the people who you invest in are not interested in saving this money, since it's not their. All the reliable brokers such as FreshForex, OctaFX, etc has already stopped offering PAMM trading since they realised how harmful it is for traders.

Sadam, I am sorry to say this, but that’s absolutely incorrect judgment, as far I am aware OctaFX never offered PAMM account service in first place, so where is the question of stopping it? Now it’s obviously not great option since majority lose on PAMM Account, but ultimately it has nothing to do with broker, as it’s traders fault completely, so having this option or not is irrelevant to how good broker. I find the best way to avoid losing is with planning well rather than worrying about things that we never want to use. I focus on strong money management and use only 1-2% risk per trade, so that gives me long rope and saves me from losses most of the time.

To avoid losses, you'd also better minimize the risks by splitting your money between different trading instruments. Personally, I prefer not to put all my eggs in the same busket, so I'm trading with metals, stocks, Energy Futures and so on. I use FreshForex as the platform for my trading. I know that this broker has the widest range of trading instruments to choose.

Avoid losses in Forex by using proper risk management techniques in order to get the success in the FX Market and chose a Good Broker like FBS Markets.

There is no way to avoid from loses, all traders must face atleast one lose orders in a week or month. Wise way to avoid loses by risking low and with stop loss. Or may hold the position for long time until market hits our take profits. I recommend traders to close the orders in time to avoid further loses and open orders in new trend to earn profits. I think the forex business involves the risks in accordance with the rewards that we will get, to be successful a trader must possession of knowledge and a fairly good knowledge. I now take advantage of VPS from TICKMILL to run trrding with EA

Chose a really Good Broker in order to get success in the Market and avoid losses due to a bad broker, chose a good broker like FBS

There can be many ways where we can reduce losses but the most common and perhaps work able way is, the better use of stop loss and higher set money management, if we do those things properly then we are definitely going to make serious profits and that too fairly regularly, but not working these things correctly is directly leading towards losses and failures. I am doing both part correct with regular practice on demo contest, I am able to learn to use better stop loss and with help of 50% bonus by OctaFX, I am able to create better money management, so that really has fixed everything for me in terms of profit making and avoiding losing of trades and money.

Simple to avoid losses in Forex trading, first learn Forex trading means demo trading for some months at least 3 months and then start trading with small lot of amount. Invest only 10 dollars in a stake and use stop loss option to minimize the losses and maximize the profits.

I think regular practice and interest in learning is the way to go, I am extremely fortunate that I have got high quality broker like Vinson Financials, they have excellent tools to support me in trading, but most important, we get proper education with them that really helps all especially newbies. Also, we can easily operate free demo account and that really puts us in good shape to allow us to be fairly comfortable with things and make good profits all the time.

Originally Posted by Uncle Gober

There is no way to avoid from loses, all traders must face atleast one lose orders in a week or month. Wise way to avoid loses by risking low and with stop loss. Or may hold the position for long time until market hits our take profits. I recommend traders to close the orders in time to avoid further loses and open orders in new trend to earn profits. I think the forex business involves the risks in accordance with the rewards that we will get, to be successful a trader must possession of knowledge and a fairly good knowledge. I now take advantage of VPS from TICKMILL to run trrding with EA

Risk is a part of forex and at the same time loosing is also, and one of the best ways to avoid losses is by not repeating the mistakes you have made.