Why Trading Against The Trend Can Make You Lose Money On ...

Investing in the Philippines

For Filipinos interested in stocks, bonds, mutual funds, ETFs, forex, crypto, banking, business, insurance, and any other topic related to investing money, making money, or growing money in the Philippines.
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Forex Trading Lessons: A Must For Forex Beginners

Forex Trading Lessons: A Must For Forex Beginners
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BringBackNextDayMail

In 2015, the USPS stopped delivering local First Class mail the next day as they had done for centuries. They claimed it would save money. It didn't. It only discouraged people from sending mail, losing more money.
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When You Lose Money in Forex Where Does It Go?

When You Lose Money in Forex Where Does It Go? submitted by AlphaexCapital to AlphaexCapital [link] [comments]

Don't ever buy MakeMyTrip Tripmoney forex card you will be damned and lose money too

I recently Booked my forex using Tripmoney for prepaid INR denominated forex card. Below are my complaints,
  1. They lie about MarkUps and over charge and hope you don't find out
  2. You cannot transfer back balance money to your card.
  3. You cannot access their dashboard in many countries including the whole Europe because they are not data compliant.
  4. Takes 3 days to add balance to your card.
  5. Also, when you cancel your stay or booking made by using Tripmoney card you really have to chase them for refund money..it's not automatic. It's been 3 months still they have not issued refund, i have sent 33 emails for the same.
  6. Most pathetic customer service - they have no call centre number neither they respond to your email promptly.
  7. Incompetent people are running this fraud company. Also not regulated by RBI.
  8. Learning. Use a forex card by a reputed bank not ones that are running their business from a suitcase. Even forex rates are little higher it's safe and will always there to solve query.
submitted by Kal-EL007 to bangalore [link] [comments]

📰 Retail Forex traders in Africa run the risk of losing money due to ambiguous regulations.

📰 Retail Forex traders in Africa run the risk of losing money due to ambiguous regulations.
📰 Retail Forex traders in Africa run the risk of losing money due to ambiguous regulations.
🔎 Read the full article here:
https://www.wikifx.com/en/newsdetail/202209016214566513.html
✔️ Download the WikiFX App to get updated and more information.
https://wikifx.com/fil/download.html
#wikifx #wikifxph #forex #forexnews #forexupdate #forexph#forextrading #philippinesgram #pinoy #davao#adventurephilippines #manila #phillipines #mindanao#philippines🇵🇭 #choosephilippines

https://preview.redd.it/c7tm6ruoocl91.jpg?width=1200&format=pjpg&auto=webp&s=fdb50df7e7f7b7f546d3bb74acbe640f99b668c5
submitted by WikiBitPH to u/WikiBitPH [link] [comments]

📰 Why do forex traders lose money in the forex market? A Guide for all Nigerian traders

📰 Why do forex traders lose money in the forex market? A Guide for all Nigerian traders
📰 Why do forex traders lose money in the forex market? A Guide for all Nigerian traders 👉 Read the full article here: https://www.wikifx.com/en/newsdetail/202209268244178793.html ✔️ Download the WikiBit App to get updated and more information. https://wikibit.com/fil/download.html #WikiBit #CryptocurrencyPH #Cryptocurrency #Exchange#Blockchain #CryptoNews
https://preview.redd.it/uwisbexjzcq91.jpg?width=1200&format=pjpg&auto=webp&s=c07a6e6219a7363eb5c34f53b79a001393704647
submitted by WikiBitPH to u/WikiBitPH [link] [comments]

Here's why forex traders lose money!

Here's why forex traders lose money! submitted by liquiditytradeideas to u/liquiditytradeideas [link] [comments]

On average, how much money will someone lose per month trading Forex?

submitted by Teller_Morrow_YT to Forexstrategy [link] [comments]

📰 FOREX CRISIS: TRADERS LOSE MONEY AS THE NAIRA STRENGTHENS TO 720 TO THE DOLLAR

📰 FOREX CRISIS: TRADERS LOSE MONEY AS THE NAIRA STRENGTHENS TO 720 TO THE DOLLAR
📰 FOREX CRISIS: TRADERS LOSE MONEY AS THE NAIRA STRENGTHENS TO 720 TO THE DOLLAR
🔎 Read the full article here:
https://www.wikifx.com/en/newsdetail/202211222484739753.html?source=fja3
✔️ Download the WikiFX App to get updated and more information.
https://wikifx1.onelink.me/QUVu/fja3
#wikifx #wikifxph #forex #forexnews #forexupdate #forexph #forextrading #philippinesgram #pinoy #davao #adventurephilippines

https://preview.redd.it/gfz8errd8o1a1.png?width=1200&format=png&auto=webp&s=dfe82dc4777990fc4f2a03a733c7d7e04ce91254
submitted by WikiBitPH to u/WikiBitPH [link] [comments]

Forex Trading: Why do more than 90% of Traders Lose Money? — LeoFinance

Forex Trading: Why do more than 90% of Traders Lose Money? — LeoFinance submitted by Kolus290 to LeoFinance [link] [comments]

Don't ever buy MakeMyTrip Tripmoney forex card you will lose money and damned

I recently Booked my forex using Tripmoney for prepaid INR denominated forex card. Below are my complaints,
  1. They lie about MarkUps and over charge and hope you don't find out
  2. You cannot transfer back balance money to your card.
  3. You cannot access their dashboard in many countries including the whole Europe because they are not data compliant.
  4. Takes 3 days to add balance to your card.
  5. Also, when you cancel your stay or booking made by using Tripmoney card you really have to chase them for refund money..it's not automatic. It's been 3 months still they have not issued refund, i have sent 33 emails for the same.
  6. Most pathetic customer service - they have no call centre number neither they respond to your email promptly.
  7. Incompetent people are running this fraud company. Also not regulated by RBI.
  8. Learning. Use a forex card by a reputed bank not ones that are running their business from a suitcase. Even forex rates are little higher it's safe and will always there to solve query.
submitted by Kal-EL007 to indiasocial [link] [comments]

7 Tips to Stop Losing Money Trading Stocks, Forex & Crypto

Easy trading tips to make money

Everyone who decides to try Forex and stock trading wants to make money. When a person opens a trading account and makes a deposit, the picture is always optimistic: the account shows an impressive profit in a short time, due to which it is possible to buy a new computer, a car or even a house.
Even thinking about these benefits makes us happy and with great expectation. We look forward to things to come. Wouldn't it be wonderful if trading meant nothing but profit? Of course, life would be easy if traders always made money.
However, you have probably heard that people can lose money trading. You have probably had losing trades.
Is there any way to avoid trading losses? This article tries to get to the bottom of the problem and find out why traders lose money. Take a couple of minutes to learn how not to fail in the financial markets.

Trading can be complicated

It usually takes a couple of minutes to click "Buy" or "Sell" and open a trade position. However, although trading may seem simple, it certainly is not. You will have a losing trade if the market does not go in your favor. To make money, you must risk your own money.
You need to understand that a loss on a trade is not the biggest problem. If you are careful with your trading volume and don't spend your entire deposit in one trade, you will have a lot of money left in your account even after a bad trade.
As a result, you will have more opportunities to open better trades. However, if you are impatient and too eager to multiply your funds quickly, a single losing trade could wipe out your deposit. You will probably be very disappointed and want to quit.
What conclusion can we draw from this? There are two. First, trading involves risks and can lead to losses. Second, there is a way to minimize losses and maximize potential gains.

What percentage of traders lose money?

It is difficult to give an estimate of how many traders lose money. Data from various institutions differ. For example, according to the US Securities and Exchange Commission, 70% of Forex traders lose money every quarter on average. Etoro says that 80% of day traders lose money over the course of a year.
Who suffers more? On the one hand, beginners who do not pay much attention to study and want to open their first trade as quickly as possible are at risk. On the other hand, people who started trading and made some progress might become overconfident and neglect risk management. They might decide at some point to risk too much on a trade. As a result, your previous progress will be lost.
Related: Top Stock Investment Newsletters

Why do most traders fail?

Let's examine the main reasons why traders lose money.
  1. Trading is a complex process. To operate well, the person must invest time and effort. Not everyone is ready to pay attention and work for results.
  2. Trading strategies require discipline and precision. Many people lack those qualities. Even though they have the best of intentions, they consistently forget to act or are too lazy to do so.
  3. There are no guarantees. It is often difficult to accept the kind of uncertainty in the market.
  4. Traders can be reckless. They can forgo market analysis, circumvent the setting of Stop Loss orders and risk management rules. All this leads to errors and bad operations.

How to avoid losing money in trading?

If you want to become a successful trader, you have to accept that some losses are inevitable. Acceptance is the first and most crucial step. Only if you know your enemy can you fight him and win. If you are aware of the risks, you will be more prudent and make better decisions.
Below you will find some recommendations to follow. These tips represent the best trading practices.
Start with training
To be successful, you must learn how to choose the levels to open a trade, how to determine the future price direction, where to place Take Profit targets and Stop Loss orders.
After reading about these things, watching a video or attending a webinar, you will have to practice trading on a Demo account. Of course, Demo trading will not bring you any real profit, but it can give you the feeling of trading.
Follow trading news
News drives financial markets. Stocks are impacted by news about a company, such as new product launches and mergers, as well as earnings reports. Forex pairs rise and fall based on expectations about economic releases in major economies. You'll find the schedule for these releases and forecasts for various indicators in the economic calendar.
If you don't know what's going on with an instrument you're trading, sudden price movements could take you by surprise. Follow the news, stay tuned and you can avoid losses and take advantage of new trading opportunities. Some traders even prefer to trade the news over purely technical strategies.
Start with small amounts of money
Your own trading experience is your most significant advantage when trading. It's best to gain this experience while your account is still small. It will be psychologically more comfortable for you, because you will not be too nervous with each operation. Such an approach will allow you to focus on doing a proper market analysis and developing a trading strategy with a high probability of profit.
Then, as you gain more experience and your deposit grows, you can increase your trading volume. The most important thing is to do it gradually. Professional traders who stay in the market for a long time recommend not to risk more than 5% of the account in one trade. Even if your account grows, you will be protected against big losses if you follow this principle.
Follow the trends
Trend trading is preferable to countertrend trading. A trend acts as a filter that helps weed out bad trading ideas. If you go in the direction of the market, you increase the probability of success of your trade.
Buying in an uptrend and selling in a downtrend is more likely to pay off. Look at it this way: you increase your chances of making money and it is advisable to take advantage of all the opportunities that the world offers.
Never trade without a Stop Loss
"Stop Loss" even sounds positive. What can be better than stop losses? When you set a Stop Loss to, say, 20 points, you limit the amount of your losses on a trade. If your trading volume is 0.1 lot, 20 points will represent $2. In other words, you will not lose more than $2 on this trade. At the same time, the price could trigger the Stop Loss and reverse in the right direction.
There is no insurance in such a scenario, so you have to weigh the costs against the benefits. Yes, sometimes your Stop Loss order will be triggered prematurely. However, if you have a good strategy and your winning trades outweigh your losing trades, your trading will be profitable.
Take a calculated risk
Your risks are something you can have complete control over. That is why it is important to take advantage of this advantage. In each operation, you can freely choose the risk/reward ratio, that is, the ratio between the Stop Loss and the Take Profit. The best way is to make sure that your Take Profit is always higher than your Stop Loss. If the Stop Loss is 20 points, as in the example above, with a risk/reward ratio of 1:3, your Take Profit will be equal to 60 points.
If you opened a 0.1 lot trade, 60 points would represent $6. Again, you risk losing $2 to win $6. If you stick to this ratio, a good trade will bring you three times more money than you will lose on a bad trade. With a system that offers more than 50% good trading ideas, you will make a profit.
Find a trading strategy
How to find a good trading strategy? The recipe for a profitable strategy is that it must have several components. In other words, you should not make your buy/sell decision based solely on a technical indicator. Indicators and other technical analysis instruments must confirm each other.
It combines two or three indicators of different types, for example, Moving Averages and Stochastics. Your trading strategy can also be based on candlestick and chart patterns and the use of Fibonacci instruments. In this case, the system will give you signals with a high probability of success. If you use such a strategy together with a Stop Loss and the correct risk/reward ratio, you will be able to avoid trading losses.

Conclusion

As we have discovered, many traders fail and lose money. If you don't want to be one of them, if you're going to be different and succeed, you have to learn from the mistakes of others and take the right steps from the beginning.
>>>Access more profitable trading tips joining the Capitalist Exploits Insider Newsletter
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7 Tips to Stop Losing Money Trading Stocks, Forex & Crypto

submitted by kayakero to makemoneyforexreddit [link] [comments]

Forex Scam Alert:ACXFX lured investors into investing $100,000 through high returns and experienced experts, then maliciously manipulated orders to keep losing money and deliberately charged $32,000 in overnight fees to burn the investor's account!

Forex Scam Alert:ACXFX lured investors into investing $100,000 through high returns and experienced experts, then maliciously manipulated orders to keep losing money and deliberately charged $32,000 in overnight fees to burn the investor's account! submitted by FxGecko to CryptoScamBlacklist [link] [comments]

7 Secret Forex Strategies, You Can Avoid Losing Your Money In forex Trading.

7 Secret Forex Strategies, You Can Avoid Losing Your Money In forex Trading. submitted by emadbably to OptionsInvestopedia [link] [comments]

Where does the money we lose trading forex go ?

I have been searching google to find an answer.
submitted by AwayZookeepergame525 to Forex [link] [comments]

Top 10 Free Best Forex Trading Strategies For Beginners. Trading forex without a strategy is a bit like starting out on a trip without a map since you never know where your account will end up. You might make money or lose money, but you have no idea which is more likely.

submitted by fxcentral to Forex_CFDs [link] [comments]

20221011 TRO TRADING LEARNING TO LOSE WITH WALMAL #TheRumpledOne #MT4 #forex #trading #drainthebanks #orderblocks #advancedalientrading #TRO #SmartMoney #TechnicalAnalysis

20221011 TRO TRADING LEARNING TO LOSE WITH WALMAL #TheRumpledOne #MT4 #forex #trading #drainthebanks #orderblocks #advancedalientrading #TRO #SmartMoney #TechnicalAnalysis submitted by TheRumpledOne to NeverLoseAgain [link] [comments]

Top 10 Best Forex Trading Strategies For Beginners. Trading forex without a strategy is a bit like starting out on a trip without a map since you never know where your account will end up. You might make money or lose money, but you have no idea which is more likely. The big advantage of having

submitted by fxcentral to Forex_CFDs [link] [comments]

📰 The top 11 factors that cause forex traders to lose money

📰 The top 11 factors that cause forex traders to lose money
📰 The top 11 factors that cause forex traders to lose money
🔎 Read the full article here:
https://www.wikifx.com/en/newsdetail/202209237074254383.html
✔️ Download the WikiFX App to get updated and more information.
https://wikifx.com/fil/download.html
#wikifx #wikifxph #forex #forexnews #forexupdate #forexph #forextrading #philippinesgram #pinoy #davao #adventurephilippines #manila #phillipines #mindanaom #philippines🇵🇭 #choosephilippines

https://preview.redd.it/2pkdhn5nb5q91.jpg?width=1200&format=pjpg&auto=webp&s=9468fff9d5dd624ef948012db03172e90bafe257
submitted by WikiBitPH to u/WikiBitPH [link] [comments]

Do exchanges in the US allow shorting on forex ? I’m asking because I cannot short crypto in the US and I am losing opportunities due to this … If so which exchanges is it supported on. Thank you in advance 🙏🏼

submitted by KevBiBa to Forex [link] [comments]

Help! I'm trying to create a code on Repl.it that predicts how much money you'll lose after exchanging currencies (local sales tax+forex comissions), but I'm having issues with my if statement (invalid syntax) and one of the variables:

https://gist.github.com/PTReddit/7de8b7e12665242daa618d32eeda2bf9
Even when I put "initial" properly, it immediately jumps to the "please try again" output instead of processing the code.
Also, the "your loss is" is supposed to display the currency sign (depending on if the person chose to get the value in the initial or converting currency), but the currency sign, signified by the variable "Symbol" is invalid as well.
Any help appreciated! Thanks a lot for your time!
submitted by Fit-Material-5429 to learnprogramming [link] [comments]

How To Avoid Losing Money In Forex | Understanding Market Sentiment | Sm...

How To Avoid Losing Money In Forex | Understanding Market Sentiment | Sm... submitted by SUPREMEFXIK to PipWizardForex [link] [comments]

Most forex traders are losing money. Here's what you should know if you don't want to be one of them

Most forex traders are losing money. Here's what you should know if you don't want to be one of them submitted by WikiBitPH to WikiBitPH [link] [comments]

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