How to reduce loss/risk and make money in forex | Forex Tutorials And Technical Analysis

First you need to get some basic and advance knowledge of my experiences that I am sharing with you to reduce loss/risk and make money in Forex or even no loss trading.

First of all, you should have knowledge and experience in trading. If you have basic knowledge or you are a beginner then you can go for investment like Copy Trading or Copy Signals and even go for automated trades with Expert Advisors. If you have advance knowledge and experience (at least 2 to 12 years) then you can go for manual trading or even automated ROBO trading.

Secondly, whatever strategies you have found out, first test in Demo account with un-real money. Unless or until you get satisfied with the test in demo account, don't go in real. If you go with EA i.e. Expert Advisors then first back test with EA and then go in real and for that a VPS server is required.

Third: You should have minimum balance $2000 to $5000 or $10000 or even more than that. As you can know money makes more money. No money or less money makes no money.

Fourth: Lot size in trading should be small. How much small that should be? Lets take an example- Manual Trading:- 0.01 lot size per $200 means if you have balance in your account $2000 then you take 0.10 lot size in total. Means you take 5 trades of lot size 0.02.

Fifth: Don't change lot size frequently. Means trade with same lot size every time you trade unless or until your profit becomes $10000.
Sixth: Use only one or two currency pairs (EURUSD, USDJPY for beginners USDGBP, GOLD, GBPJPY for advance trader)


 Some extra points:

1. Don't go with exceptional that someone made $10000 or $25000 with deposit $50 or $200 only. If you go with this then you make loss. Because you can not keep your patience. Your demand will not match with the small profit. So you go with big lot size with small balance and your account will wash out or become ZERO.
2. Proper Money Management / Risk management: Calculation of Lot size, Stop Loss(SL) and Take Profit(TP) before take a trade. Do not take a single trade without stop loss(SL) means zero loss or zero risk.
3. Advance Chart Patterns and Candlesticks 
4. Should have knowledge about some indicators to get proper entry and exit of a trade:

• Moving Average (8MA, 13MA, 21MA, 50MA, 200MA, 365MA)
• RSI, MACD, Bullingar Band
• Support and Resistance
• Fibonacci Retracement (Support and Resistance)
• Pivot Point (Support and Resistance)

5. You must have to think  "Trading is a business not a game." You must have to know the meaning of "No Risk No Gain".  Without profit or without loss you can not do a business. 
6. Never become greedy, aggressive at the time of trading. You need to become fearless with confident. Over Trading, Over Confidence, Over Aggressive, Over Smart, Lack of Knowledge, lack of confidence, less money or less balance (like $100/$200) all are the reasons of loss or failure in trading.