how do I maximize my profit and minimize loss? - Page 2
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Thread: how do I maximize my profit and minimize loss?

  1. #11
    Quote Originally Posted by ;
    'm a new trader and I would wish to understand how I can optimize my profit and decrease my loos, can any one please tell me the way to do this? Thank you very much.
    1. Learn price action, support/resistance and volatility breakouts.
    2. Learn position sizing and never risk more than 1% of your account on a single trade before you are sufficiently experienced and positive.
    3. Concede that price cannot be predicted and the market can do anything.
    4. Learn to take losses as readily as profits.
    5. Be patient, disciplined and organized.
    6. Never stop learning from your own failures.

  2. #12
    Good money management, high probability trading setups along with the field are the keys to attain far better results in forex.

  3. #13
    To maximize profits, then we just need to continue to hone the skills of a good trading in Order that we more Sophistied analysis Abilities and we Have to Be able to use SL and TP when Investing to Reduce the risk well

  4. #14
    Change your leverage to 25:1 to Quit overtrading

  5. #15
    I concentrate on subject to be patient to wait for perfect entrances so that I dont find yourself in the middle of a ranging market. I also move my stop inside 32 pips of the current price when I am in profit so that I break even (if the market reverses) or even obtain the most amount of pips that the market gives out that day. Doing this, I usually average about 75 pips per trade. That is an average from trades which I broke, lost 5 pips or so, or profited over 150 pips.

  6. #16
    These are easy questions with complex answers. However, you can begin by studying and practising. Study the theory, then practise it on a demo account. Figure out what egy suits you the best. Find out a trading plan. Learn about good money and risk management. Learn discipline and self-control. So on, Etc.

  7. #17
    1 way to maximize profit and minimize loss would be to strictly only enter trades which have great risk reward ratio. Prevent trades with bad equivalent risk reward ratio.

  8. #18
    Forex is a business which has a lot of risk and we cannot separate the Foreign Exchange loss and consequently we have to be able to have a good risk management that will make us able to minimize the loss nicely. We should always use the SL and TP when trading

  9. #19
    By sitting tight - carrying longer with the prevailing trend and momentum. If your risk is 3 pips afterward hold with the trend for maybe 10 or more pips for a fantastic R:R.

  10. #20
    Please, don't invest more but you need to boost your trading skill for greater earnings! 1st of all, you need to comprehend your strong point, such as in the event that you've got good understanding on technical analysis, then spend more time on technical analysis then proceed for news analysis and others relevant sector of trading, and attempt to maintain a trading diary!

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