15 ways to avoid losing money.

What fantastic thread this is! If we follow these all rules in a good way and strictly then we can save our money from big losses and we can also earn a good profit wit the passage of time.

I read all the ways to avoid losing money in forex trading and i add some from my memory:
Learn more and more about forex trading.
Take the Time to Find a Reputable Broker
use demo account
keep charts clean
protect your trading account
use reasonable leverage
keep good records
Money management

Forex ke business me loss hone ka bahut sare reason hai lekin yaha par jada tarah trader apne greed ke karn loss karte hai aur trader ko forex ke business me apne emotion ko control Karna bahut jaroori hota hai agar trader rules aur discipline ko follow nahi karte hai to loss hota hai .

Demo Accounts � Broker demo accounts are a shill game of sorts; they�re not as time sensitive as real accounts and therefore give the impression that time sensitive trading systems, such as short-term moving average crossovers can be consistently profitably traded; once you start dealing with real money reality is quick to set in.

"protect your trading account" can my account be hacked into so that i lose my money what is the possibility?
The 15 ways are a real eye opener thank you so much.

Nearly all trading platforms come with a practice account, sometimes called a simulated account or demo account. These accounts allow traders to place hypothetical trades without a funded account. Perhaps the most important benefit of a practice account is that it allows a trader to become adept at order entry techniques.

forex ke business me money lose kaafo reason se hota hai jaise ki trader esme emotions ko control nahi kar paate hai jisse unka plan marekt me kharab hojaata hai aur unko fir loss hota hai,yahan par apne analysis par trust karke he trader ko kaam karte rehna chahiye..

ek bat to wakee he me such hai in tareeko ko apna kar chalnay say hume jo cheez samjhnay me aya karti hoti hai wo hota hai k hume kiss kabil hona hai or kiss kabil ho kar wakat k sath sath kam ko le kar barhna hai jb tak hum kabil nahi hogay hume kuch nahi mill sake ga na he hum kuch kar pae gay.

There are lot of ways by which you can avoid to lose but for that you must have to find out the reason due to which you are getting loss so you must have to avoid such reason so that you can easily gain profit and avoid loss

Quote:

Originally Posted by hossam_a22

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.

Good article . but i think we cannot avoid loss whenever it comes on our way, all we need to do is accept it and pause for a while, refresh your mind and create new plan for you to bounce back from what you've loss.