15 ways to avoid losing money.

[wasimanjum]

the post here some says that many importan things are present that if you are using taht stratigies that things than you can be able to not lose your money in the trading . because some time peoples are over confidient , more emotinal and not have enough knowledge for the trading

[wasimanjum]

the thread you published here is very important according to forex trading here a person can earn as much money as he want so i teel you that you can not become a emotion person during the trading because it canlose your money and never trade when light is going to off for sometime

[hitpipsin]

superb job boss. as you discuss the way to avoid losing money is very important to me. because i have a small amount of money to invest and after invest if i loose all my money then it will be harmful to me. so i should consider your points to avoid losing my money.

[cream]

Of course you need at first understand the traders skill just not trade in your act and you need advise from expert traders if you need to be able to turn into good trader then to comprehend well the guidelines of the world of forex

We have to go for trading with learning. If go without it then we can see loses here. So we have to take experience. learn It is very important matter for for forex treading.otherwise it impossible .

[ludric]

yes it is very good thread knowledge is all about the success. to succeed in forex knoledge of technicals as wel as fundamentals both is necasssry and the above given points are the essence of trading experience of a successful trader so folow earn and enjoy

Of course you need at first understand the traders skill just not trade in your act and you need advise from expert traders if you need to be able to turn into good trader then to comprehend well the guidelines of the world of forex

[865721]

yes it is very good thread knowledge is all about the success. to succeed in forex knoledge of technicals as wel as fundamentals both is necasssry and the above given points are the essence of trading experience of a successful trader so folow earn and enjoy

[fuzail]

15 ways to avoid losing money
1. Wrong Broker : A lot of forex brokers are horrible; get a good one. Read forums and chats in several different places to get an unbiased opinion.

2. Trading During Off Hours Bank FX traders, option traders, and hedge funds have a huge advantage during off hours; they can push the currencies around when no volume is going through and the end game is new traders get fleeced trying to trade signals. There is only one signal during off hours it is better to stay out.

3. Trading Against Prevailing Trend There is a huge difference between buying cheaply on the way down and buying cheaply. What was a low price quickly becomes a high price when you 're trading against the trend.

4. Picking Tops and Bottoms - Looking for bargains works well at the supermarket but not trading foreign exchange; try to trade in the direction the price is going and your results will improve.

5. Not Trading Around s Time : Most of the big moves occur around news time. The volume is high and the moves are real; there is no better time to trade fundamentally or technically than when news is released; this is when the real money adjusts their positions and as a result the prices changes reflect serious currency flow (compared to quiet times when bank traders rule the market with their customer order flow).

6. Ignore Technical Conditions : Determining whether the market is over-extended long or over-extended short is a key determinant of near-time price action. Spike moves often occur when the market is all one way.

7. Lack of Confidence Confidence only comes from successful trading. If you lose money early in your trading career it's very difficult to gain true confidence; the trick is don't go off half-cocked; learn the business before you trade.

8. Being Too Smart : The most successful traders I know are high school ****uates. They keep it simple and dont look beyond the obvious; their results are excellent.

9. Stop Losses : Putting tight stop losses with retail brokers is a recipe for disaster. When you put on a trade, commit to a reasonable stop loss limit that allows your trade a fair chance to develop.

10. Relying on Others : Real traders play a lone hand; they make their own decisions and dont rely on others to make their trading decisions for them; there is no halfway; either trade for yourself or have someone else trade for you.

11. Too Many Charity Trades : When you make money on a well thought-out trade, dont give back half on a whim; invest your profits from good trades on the next good trade

12. Too Much Detail : If you are trading more than 2 indicators, then you need to clean house. Having many indicators stifles trading and finds reasons not to trade. A setup and a trigger is all you need.

13.Overconfidence : Trading is not easy; statistics show a 95% failure rate. If your doing well dont take your success for granted; always be on the lookout for ways to improve what you 're doing.

14. Knowledge Deficiency: Most new forex traders do not take the time to learn what drives currency rates (primarily fundamentals). When some news or a statement is due out, they close out their positions and sit out the best trading opportunities; they are taught to only trade after the market calms down. So essentially they miss the whole move and then trade the random noise that follows a fundamental price move. Just think for a moment about technically trading the aftermath of a price move; there is no potential.


15. Rumors : Rumors are rumors almost 100% of the time; think about where in the motion you heard the rumor. If EUR/USD is up 50 points in last 15 minutes and the rumor is dollar negative, well then you missed it. Whenever you trade, determine where in the motion you are entering.

Hope its will help all of you..

---------- Post added at 03:24 PM ---------- Previous post was at 03:20 PM ----------

Of course, a Doji could be formed by prices moving lower first and then higher second, nevertheless, either way, the market closes back where the day started.

---------- Post added at 03:25 PM ---------- Previous post was at 03:24 PM ----------

In a Doji pattern, the market explores its options both upward and downward, but cannot commit either way. After a long uptrend, this indecision manifest by the Doji could be viewed as a time to exit one's position, or at least scale back. Similarly, after a long downtrend, like the one shown above of General Electric stock, reducing one's position size or exiting completely could be an intelligent move.

15 way to losting about money.thanks posts.I read your post.again thanks for posts.

[therock]

all of your opinion is very very important for all forex trader.if any trader avoid this things he may not gain profit from forex market.you must practice in demo account a lot otherwise you will not became a good trader.

[wasimanjum]

dear sir the thread you published here is very help full for us it tells us which are diiferent things which can lose their money so here i am also discuss withyou taht ist of all some trader says that they can become a million aire with in a days and theny cannot control emotin and lose money

[jatayufx]

There is so many ways to avoid losing money in the Forex trade. First of all you should practice on the demo account. After this learn more and more regarding the Forex. Avoid the mistakes during the trade. Consul the senior members if you have any problem.

Risk analysis to understand the risks and losses in order to reduce the advantages of forex trading and great risk capital on the basis of analysis of the financial management system and the system used to generate profit by trading plan