While there is more that appeared in my mind, so I took to write this article, then when it’s forgotten this idea may not appear again in my mind. Actually, it’s my experience on forex since it used to be. A trade that I do indeed sometimes loss and rarely his fortunes. Understandably still newbies in forex. Because it was so often a loss, I have to think hard, how can let don’t lose again and fortunately kept in forex. If not, most could not cover any losses or arguably turnover. If the talk continues without loss of profit problem that’s highly unlikely. So I’m looking for better ways how to prevent and cover any losses in forex let don’t until exhausted all my capital.
The loss is so specified by the strategy and also the type of our trade. Want to profit big should dare to take the risk of loss is greater. So did the opposite. So we have to know how to anticipate and cover losses in forex play. For the new study, I recommend reading this way I’ll never dare not longer play trading. Because trading was very cruel.
How to prevent and cover any losses in forex
Actually a lot of ways that can be done to prevent and cover our losses when trading forex, it depends on our strategy respectively. But the more commonly used by professional traders there are three ways.
1. using money management and also a good trading strategy.
As a trader, the most important is money management. It’s the first thing that is very difficult in learned by newcomers because of greed and lust, too excessive play. Money management that is a client to manage or take into account the strength of our capital with the strategy that we will use. For example, if we have the capital 100 USD, we can only open the position up to 2 positions with the size of 0.01 lot. This means that with 2 OP or open positions, even if in a floating 100 pips, our capital is still strong.
Money management can also affect our physiologies when trading. If our capital is still resistant, we are not going to create fear OP open positions. But money management is also not going to be effective if we don’t use a good strategy. Between money management strategies also play, and can not in separate in the world of forex.
2. Utilizing a rebate or cash back from Commission spreads we pay to the broker
Commission spreads we pay to the broker also can we grab again. This Rebate is usually paid to the IB (introduction to the Broker) or the person who invites us. But there are some IB pass again and returns 60% – 80% rebate on the Broker to a trader. Well, this is what we can make use of to cover our losses when trading. If our good strategy and the number of lots that we are trading more and more, the amount of the rebate that we get are also getting bigger. In fact, this rebate could also be so our profit. Example: when we are trading with capital 100USD hold us trading losses and then lucky again until the return of capital. Keep the number of lots we trade it to 5 lots. The rebate that we get up to 50 USD. Means we have profit 50 USD.
3. Utilize a system of referral or referral of friends.
If the system is too many take advantage of the experienced trader. He invites his lover for trading on a particular broker referral code belongs to him, then he will be able to Commission each lot that he trade. Different thin with this referral System. The IB can be done by all traders. And the amount of the Commission obtained are also different – different. If we can take advantage of this opportunity, can – could we can profit without trading. Important friends, we’re still trading. A simple calculation like this:
A number of friends in the invite 50 people, trading
Each lot of Trade Commission of 10 USD
Each month the number of lots that in each person around are trading 1 lot
So the result is: 1 lot x 50 x 10 = USD 500 USD
Wow, it’s amazing results. Without the need for trading income, we already have 500 USD. But invite 50 people is not easy. The strategy will need to let your friends or other people want to list at a broker that we recommend. Many of the strategies in use, in General, is to give a free robot, a signal for free, and also free analysis. Plan for that I will discuss strategies attract customers to join to the broker that we recommend on an article I’m next. If discussed here seems off the mark from the title. He. .. :D. later if there’s time I write an article again. Thank you for taking the time read my article. hopefully useful.