Question -

how much loss is acceptable?

10 Views
Vernon Petty
Answered 3 years, 4 months ago
<p id="isPasted">Market movements can be unpredictable, and the stop loss is one of the few mechanisms that traders must protect against excessive losses in the forex market</p><p>For every $200 or $300 you make per trade, your potential loss should not exceed $100. This is the rule endorsed by many trading books and advisors.</p><p>To avoid a big loss, traders should do their trading actions accurately.</p><p>being a trader, if you want to do your task properly, you must know about the market. In Forex, you might see that professionals do not face huge losses because they make the decision properly. …</p>
9 Views
Terry Bryant
Answered 3 years, 4 months ago
<p>The 2% and the 6% rules are highly recommended for all traders, especially those who are prone to the emotional pain of experienced losses. If you are more risk averse, by all means, adjust the percentage loss to lower numbers than 2% and 6%.</p>
7 Views
Joel Schmidt
Answered 3 years, 4 months ago
<p id="isPasted">A common fact is that many forex traders fail. Numerous websites and blogs even claim that 70%, 80%, and even more than 90% of forex traders lose money and quit. Many forex traders do better than that, but new traders have a hard time gaining ground in this market.&nbsp;</p><p>It is possible to lose money when forex traders trade too aggressively, especially when bucking obvious trends.&nbsp;</p><p>When you open a Forex trade, stick with it for a while. Doubting yourself and switching back and forth will not help either.&nbsp;</p>
6 Views
Richard Cross
Answered 3 years, 3 months ago
<p>Your top priority should be to save the capital, not to lose it in any means.</p>
5 Views
Charles Farley
Answered 3 years, 3 months ago
<p id="isPasted">It is important for traders to do their trading actions accurately in order to avoid a big loss. In order to perform your task properly as a trader, you must understand the market. Professionals in Forex seem not to suffer huge losses because they make the right decisions. They have prepared properly.</p><p>In Forex, investing time is very important. Traders need to invest time in the market to learn about the different scenarios of the market, so they can take the right steps.</p>
4 Views