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What is your risk minimizing strategy when it comes to online trading?

Kirubel

Kirubel

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When we think about online trading on both forex and crypto trading the first thing that comes to our mind is that losing our investment money due to the high risks of online trading, most of the time we use our own risk minimizing techniques and some times they work and some times they fall to minimize the risks and we lose our money, personally in order to minimize my risks of losing money while trading online i try to set a stop lose amount and then the losing amount reaches that money the app will close the trade automatically, and the other one is i use lower leverage and that will decrease the amount of money i am losing when the price drops.
what about you which strategy do you use in order to minimize the risk of trading?
 
When it comes to online trading, there are several risk-minimizing strategies that can be used. One strategy is to diversify your portfolio, which means investing in a variety of different assets. Another strategy is to set stop-loss orders, which will automatically close your trades if the market moves against you by a certain amount. Additionally, it's important to research the assets you're investing in and to have a clear strategy for when to enter and exit your trades. Finally, always use risk management tools like stop losses and position sizing to control your risk.
 
Starmix said:
If you have a very good trading agent, you will never ace losses. The trading agent knows the right time to trade part from that, there is always participation of a trading robot.
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I have read about trading bots and software and i really want to try it but they have very high price for the trading bots, so for me it is better to do it by my self, even if i lose some money the experience is price less.
 
Kirubel said:
I have read about trading bots and software and i really want to try it but they have very high price for the trading bots, so for me it is better to do it by my self, even if i lose some money the experience is price less.
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AI bots require us to pay and the pay isn't small. It's good to use it just one time in your trading and find it if there's risk of winning. It's good to conduct research if there are many traders who gain in trading using bots.
 
Starmix said:
AI bots require us to pay and the pay isn't small. It's good to use it just one time in your trading and find it if there's risk of winning. It's good to conduct research if there are many traders who gain in trading using bots.
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I have conducted some research about those bots and i found out that the payment differs, even on one platforms they have different bots that have different price and ability and that maids me suspicious that why they have different bots, that means the bots have different programing and bots with lower price have poor scripts, i mean no one want to lose their money while trading right, so why don't they offer all bots with similar price.
 
Most beginner traders lose because they don't follow or apply a risk management strategy. In fact, creating a risk management strategy requires time, patience and seriousness, but there are simple strategies that traders can apply to minimize risk, such as: choose a regulated broker, use a demo account first. , adjust leverage to capital, use major pairs, use stoploss etc.
 
Kirubel said:
I have conducted some research about those bots and i found out that the payment differs, even on one platforms they have different bots that have different price and ability and that maids me suspicious that why they have different bots, that means the bots have different programing and bots with lower price have poor scripts, i mean no one want to lose their money while trading right, so why don't they offer all bots with similar price.
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I never hire a chat bot in trading, a bot is also programmed by humans and is not accurate. I believe it is just a money-making strategy.
 
No one in this world, even a professional trader from anywhere, has never lost in forex trading or trading bots that promise never to lose are fake. So be careful not to get trapped, especially fake trading bots cannot be used with trusted brokers. .
 
Suba said:
No one in this world, even a professional trader from anywhere, has never lost in forex trading or trading bots that promise never to lose are fake. So be careful not to get trapped, especially fake trading bots cannot be used with trusted brokers. .
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Agree, and there are many of them this time squandering to invite people to use them. The bot owners are crooked. They promised a trading profit only to know, it's a lie. My fiend was a victim of this bot.
 
Starmix said:
I never hire a chat bot in trading, a bot is also programmed by humans and is not accurate. I believe it is just a money-making strategy.
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You are right it is defiantly a money making strategy, personally i believe my self more than any bot, even if i am not that accurate like the experts i can trad online in good way.
 
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