Losing trades are inevitable in Forex trading. There is nothing you can do to avoid the losing trades. But the pro traders in the United Kingdom uses some amazing techniques to avoid losing trades. It’s not like that they never face any losing trades but it’s all about the percentage of their losing trades. Most of the successful UK traders have more than 70% winning rate in the Forex market. So how do you achieve such a dramatic number in your trading performance? Some retail traders might say they will buy the expert traders trading system but this won’t help them. You have to follow some unique steps to limit your losing trades. But things are not so easy. You have devotedly followed these steps to master the art of trading. Today we will give you four amazing tips which will help you to avoid losing trades in the Forex market.
Follow the footstep of the pro trader
You need a lot to learn from the pro-UK traders. Most of the novice traders trade this market with false confidence and loses a significant portion of their investment. If you truly want to reduce the number of losing trades you need to assess the performance of the successful trader. If you do so, you will be surprised to see none of them are over trading the market. To be precise they hardly place a trade. There is saying in the Forex market, the pro traders do nothing 99% of the time. So if you can do nothing 99% of the time, chances are very high you will execute the quality trades only. Being an active trader you should never take the excessive risk even though you are convened with a certain trade setup.
Use low leverage
Leverage is like a double edge sword. Most of the novice traders consider it as a blessing but they don’t work had to learn its perfect use. But the pro traders always assess the risk factors by seeing the setup in their trading platform. They never take a huge risk in any trade even though every condition for that trade setup is going in favor them. The outcome of each trade is totally random in nature and there is nothing you can do. We all know the novice traders are very emotional. They place big lot size to recover their trading loss. This is where low leverage comes into action. If you trade this market with low leverage you will not be able to trade with a big lot. So limiting your lot size will force to take a low risk which is very crucial for your trading success.
Trade with the market trend
Do you really want to reduce the number of losing trades? If so, make sure you always placing trades in favor of the long-term market trend. Most of the novice traders always try to pick the top and bottom of the currency pairs. But such trading strategy is extremely risky and most of the time it ends up with a huge loss. Even if you follow the simple trend line trading system with proper risk management, you can easily make a huge amount of profit in every month. Just follow the market trend and ignore the reversal trading signals.
Take break from your trading career
We are a human being and we can’t work all day long. The intermediate traders often forget to take a break from their career. You might be making a huge amount of money yet you should take a break on regular basis. Spend some quality times with your family member. You need to stay stress-free or else it will be really hard for you to live a life based on currency trading. The moment you understand losing trades are inevitable is the very moment you stop taking excessive risk. And if you don’t take a break on regular basis you forget this simple fact of probability.