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forexengines

New member
I am sure 100% automation of trading with a reliable system is one of the keys to minimizing your loss.

For example:
You can enter a trade now with all indicators pointing at the fact that you are going with the "correct trend". But all of a sudden, extremely high impact news hits the market, sending prices and volatility soaring! In this situation, only a reliable, fully automated trading system can closely monitor your trade and get you out of it at the right time, if that must be done to preseve your capital.

Other important factor is:

How "honest" is your Broker? Do they play games against your open trades?

If a dishonest Broker chooses to bet against your open trades using various "hidden approaches", chances are high that you will always generate losses. Again, in this situation, only an intelligent, fully automated trading system can sense what is going on.
 

Antje Wagner

New member
I think will good if you also share something might I can learn also from you :)
Loss for me is something that not expected but sometime must faced
adhoc... difficult ;) depends on the questions / answers. we can all learn from each other. such forums are full of wise and valuable information.
 
Risk control is the most important thing in trading. If you have a losing position that is making you uncomfortable, the solution is very simple: Get out, because you can always get back in.
 

blackking

Member
Risk control is the most important thing in trading. If you have a losing position that is making you uncomfortable, the solution is very simple: Get out, because you can always get back in.
Maybe all trader if after executed new order hence want to making profit, but in fact not always as trader able to making profit due trend market that very dynamic and unpredictable, if likely as trader know when trend is begin and also when trend will ended hence they can trying to enter and exit on best timing
 

Namzy

Member
Hi everyone I just want to share my technique in handling reversal move, just right after you enter the market, I usually use this in 4HR or higher chart, I believe that proper handling of stop is vital in preserving your trading capital. I hope this thread helps to some!

Good Luck!

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This is a good strategy, we can also add the daily chart view to it.
 

Beloved

Member
To minimize loss, we first need to learn how we are going to save our investment. With proper risk management and money management we can save our capital, so that we can think over earning more from investment. To gain profit, we need to have a plan which can support our strategy even market is not in our favor.
 

blackking

Member
To minimize loss, we first need to learn how we are going to save our investment. With proper risk management and money management we can save our capital, so that we can think over earning more from investment. To gain profit, we need to have a plan which can support our strategy even market is not in our favor.
I think in trading as main weapon is analysis and also risk management, if any trader already able to manage money with good trading skill hence in every trades they made will getting more winning trades than loss trades, but because not always as trader able to making perfect analysis hence they use risk management to avoid big loss in single plan
 

Beloved

Member
In, trading, every single facts that directly affects to trade is important. So all the components like, risk, money, SL, TP, etc.. are important when you trade with Forex. And to minimize loss, we have to look for every component of Forex so that we can manage profit with trade.
 

blackking

Member
Yes we can using stop loss to manage the risk in trading, or we can using trailing stop to manage these risk, but indeed using trailing stop required turn on computer and platform must connected with server broker, and we can set trailing stop according our preferable
 

Namzy

Member
Yes we can using stop loss to manage the risk in trading, or we can using trailing stop to manage these risk, but indeed using trailing stop required turn on computer and platform must connected with server broker, and we can set trailing stop according our preferable
Meaning we have to be alert all the time using this feature, that should be the only big challenge i see here.
 

blackking

Member
Might if using indicator which inserted alert sound when indicator has confirmed it will help trader if they leaving the chart so will hear alert and they can sooner looking the chart again and making trades, but might if any trader want use indicator with alert, might they need knowledge to modify mql codebase
 

Beloved

Member
Risk management is always important aspects of trading. It is the way to minimize are loss, and that way can earn profit too. We have to understand that market is risky and we have to manage everything while we are thinking about making trade.
 

blackking

Member
Risk management is always important aspects of trading. It is the way to minimize are loss, and that way can earn profit too. We have to understand that market is risky and we have to manage everything while we are thinking about making trade.
Yes in fact about risk management is important because this is one weapon during trading to manage the risk in uncertainty market condition, although each trader having own way to trade in forex, about risk management in my opinion is very essential because many newbie get fail due they trade with emotion and greedy
 

Beloved

Member
Yeah, if we use our mind for proper risk management and work for good SL and TP then we can actually minimize our loss and risk associated with it. All is depends on our knowledge and experience that how we use our mind for trading.
 

blackking

Member
Yeah, if we use our mind for proper risk management and work for good SL and TP then we can actually minimize our loss and risk associated with it. All is depends on our knowledge and experience that how we use our mind for trading.
Using stop loss and taking profit is good idea and we can trained skill with discipline using stop loss and taking profit, if we already having good confidence with our analysis might we will get easiness to make profit, we may learn also from such mistake that already commited
 

Beloved

Member
For using Stop Loss, we need to train our self for analyzing market so that we can not face issue of wrong SL and face loss. I know it is not easy every time, but it is not impossible to develop skills for that.
Human can do anything if he really try for it.
 

skrimon

New member
Sir you are long, so if the market is going up, no problem about it because you will gain! The situation only applies when market became neutral after 4 or more candles and price action indicates reversal. If the market continues up after the neutral period, its your gain, you can position your stop closer to lower low of the consolidation area, since it now acts as support.

" Trade on what you see, not on what you think or base on your instinct, emotions has no room in FOREX "
That was really indeed a great advise. Awesome bro.
 

Ramoss

New member
Very practical, and another chart system I have employed to tackle this is the system of triple screen set on various time frames.
 
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