[Jack Francisco]

How to minimize your losses

During trading activity , after we open any order to the market , we will faced with the risk ,because actually price moving very dynamic , and among trader have plan how to minimize their losses , there are few way to minimize or losses that i know

1.Using stop loss , its most trader using stop loss to limit risk
2.Using trailing stop , its like as automatic stop loss if price move according the order , there area advantage and disadvantage using trailing stop
3.Using hedging strategy , its open opposite order since first order get floating negative , the main point to able minimize loses using hedging.
4.using smallest lot size , will be different risk if trader using big lot size with smallest lot size , and trader can combine it with stop loss or trailing stop also


Which one that you prefer , please share your opinion .
Thank you

[Paul75]

I prefer to use stop loss to minimize and avoid lose in trading.

[Irene Ivory]

Consider some main factors to minimize your risks while trading:
- do not to overtrade because the main aim is to obtain absolute profit by placing high possibility deals but not to make as much as possible ones;
- do not use high leverage because sometimes it is hard to predict market movement. That`s why if market changes its direction huge leverage can lead to great losses;
- develop own trading strategy based on skills and experience;
- control your risks;
- develop money management rules;
- put Stop loss order to minimize possible losses.

[Paul75]

"High leverage = More and fast profit" What do you think about it?

[Devid Jones]

It will be nice if we are developing right kind of strategy with highly experience brokers, we can take guidance from the most desirable plans that will work for us.

[maory82]

I am using breakeven trading to minimize the lose, with this promotion I get insurance to my account if I get margin call.

[Raego]

Yes, I do use S/L orders.
For me it's the best way to limit my risks in the environment of heightened volatility.

[Shawnmichal]

I prefer to "Using stop loss" to minimize loss during forex trading. However, it is not sufficient to avoid loss. Traders should go for fear and emotion free trading.

[wynnasuju]

I usually use stop loss to minimize the risks when trading with my fbs account, so if i get loss, i will not get big loss.

[plompex]

This is good idea. Thanks. for sharing I also like to use the stop loss. Sill need to calculate much to be able to prevent big loss.