So far I have seen that if I open my trade after a study news thread use money management tools use SL TP or trailing stop then we can easily reduce our possibility of loss we may also use some indicators like bollinger bands after all Try to always pray to calm down out emotion like you should take sometime to relax your mind and body you cant think clearly after making losses then preventative measures that we can do to minimize the loss of which forex trading while using a stop loss discipline