No losses on Forex.

The Forex market is perceived as one of the riskiest trading platforms, a reputation it has earned due to the large number of traders who suffer losses.

Trading completely without losses is simply impossible, but it's important to avoid losses exceeding profits; such trading always results in a complete loss of the deposit.

You should try to minimize potential losses and reduce the likelihood of losing your deposit to a minimum; this isn't as difficult as it seems.

1. Reduce the likelihood of losing your deposit:

• Avoid carrying over positions over weekends and holidays.
• Stop trading after 3 losing trades and analyze the situation.
• Close trades with losses of no more than 5% of your deposit funds.
• Use stop out insurance on Forex .

2. Don't use intuitive trading.

• Opening trades at random leads to losses in almost 90% of cases. The reason is that what you see on the currency pair chart is not quite the picture of the trend that you can get through technical analysis.

3. Don't be afraid.

• A large number of trades are closed during a Forex correction , and then the price starts moving in the right direction again. If there is a movement against an open position, you should try to figure out what it is: a reversal or just a trend correction.

4. A large take profit and a small stop loss.

• Stop orders should be placed based not only on the deposit size, but also on the trend dynamics; otherwise, your stop loss will be triggered on the first pullback, and the trend will reverse before the take profit is reached. If there are discrepancies between the trend-based stop loss values ​​and the money management rules, it is worth reviewing the transaction volume.

5. Experimentation is the key to success.

• Don't mindlessly repeat losing trades one after another; try changing the conditions of the game - leverage and trade volume, trading time, currency pair .

Forex trading puts enormous psychological pressure on the trader; don't try to recoup your losses; close losing trades immediately, because the secret to success is not the number of profitable or losing trades, but the size of those losses or profits received in each of them.