Good question,i trade in Forex from 5 years so as per my perspective if you want to avoid loss the you must follow Forex trading tips. here i have some trading tips which i use in my daily trading -
Tip1: Continuously take a gander at the market. On the off chance that there is no evident photo of the market's conduct, don't hazard your cash.
Tip2. Continuously take a gander at an exchange potential. In the event that you take a gander at the day by day diagrams and see that the every day bars are only 20 pennies in length, at that point search for different stocks, where the potential is no less than 40 pennies.
Tip3. Continuously take a gander at the Open Book or Market Maker window and Tape. On the off chance that you don't perceive any request stream on the Tape or the request sizes are little (not as much as a 1000 offers), at that point don't enter the exchange.
Tip4. Continuously know where you will put in you stop-misfortune request. On the off chance that it is more than 10 pennies far from your entrance point, don't enter the exchange.
Tip5. In case you're quite recently not certain, or if the circumstance is questionable, don't enter the exchange.
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