We are all here to make money, but not to lose money, right? We invest our money and time in forex trading to get profit in forex trading, but the reality is almost opposite and many of the traders lose their money. They invest again and hopes for the best next time and it goes on and on. But why this happen and how can we avoid losing in forex trading?

The information given on this article follows some of the general concepts and according to our long experience in trading, we will be sharing some of the tips and suggestions that can help you in your trading to avoid losses. But to be honest and we want to make you sure that these tips are going to help you to avoid losses but doesn’t guarantee to stop losing in forex trading because there is no bullet proof method to stop losing in forex. furthermore this article is going to be in two parts as first part for our EA specific and the second for general concept of keeping your trades safer.

Part I: Our EA-Specific Guidelines

Those who are using our forex EAs, we normally provide all the details that are necessary to run these EAs but still there are some people who don’t read them and starts trading. So here is some of the requirements that you should follow in right way to keep your trading safer.

Configuring your EA according to your account details is very important because without it, the EA may behave differently. As you know that we offer online set file generating system that can help you to download a ready made set files for your EA that fits to your account and your risk requirements. So always download a fresh set file when you start a new account. Its instant and free for all of our users. you can generate set files for hedge scalper ea, correlation ea and forex ai trend ea.

When the EA is making a good profit and running very well, what happen that some users increases the lot size to make more profit. Actually the set file you have generated is made for maximum profit. We keep all the scenarios in our expectations to generate a set file. So its better not to increase the risk when you are making profit. because no body knows when does the market changes its behavior.

When creating a set file, you must provide right information for your account balance, number of trading pairs and trading account leverage. If you provide incorrect information on system, the system will generate wrong set file which then leads to wrong trading patterns.

When the EA is trading, you should not open or close any trade manually. Because we have one of the best forex EAs that trades non stop without any manual operation. The EA can handle all the market situations by itself. So your manual trades either opening or closing may disturb the whole strategy of the EA.

When you are using any of our forex EA, you should not run any other EA on same account. not even our EAs on same account. Only one EA should be running on the account to let it run properly.

As you know that we offer free updates and continuously update the EA time to time when needed. But still many of the users skips this and keep running the old version. Ofcourse we are trying to keep your trading on track and updates our EAs to perform better than better. So its advised to update your EA timely when new update comes. And click here if you have no idea how to know if there is a new update?

We have seen many of the people who don’t even communicate with us, If you see something strange or if you have any problem, we are here to help you, you must contact us to explain your problem because you have paid for this service and we reply our clients with complete instructions in just few minutes. So always communicate for anything wrong.

If you want to change your settings or want to do any of the experiment, you must do it on demo account before you try it on real account. that’s the reason why we allow unlimited demo accounts usage without any restrictions. There is no need to do any experiment on real account, always give it a try on demo account for atleast a month, if your experiment goes successful, you should then try it on real account.

Part II: General concepts to avoid losses

As mentioned in previous section that greed is your enemy in forex trading. Always take a risk that you can easily take and do not invest in forex that you can’t afford to lose it. If everything is going very well, there is no need to increase risk and kill all your profit.

One of the most important concept and maybe many of the people won’t be agree to this that history analysis can’t help you to make money in forex trading. You are using many indicators and paying a lot of money to buy indicators and depending on market analysis to make money. But the reality is that market is not going to behave according to your analysis. its all about real time traders of any currency which maybe different than your analysis. Spending time and money in analysis and signals will never help you to make money. That’s the reason we don’t sell any indicators at all.

Trade without depending on history but plan for future. Example open a trade and say if the the markets moves upward, i will do this and if the market moves downward, i will do that. This is how you should plan your strategy and thats the method our forex EAs follows ie, hedge scalper, correlation ea and forex ai trend ea. Yes they use some of the indicators to open trades, but that’s only for a 10% of the prediction but not totally depending on indicators.

Believing that a fancy trading room with bigger size screens with colorful looking charts will make you profit then you are totally wrong. because fancy charts doesn’t help you to make profit in forex trading. Its all about your strategy that can help you to make money in forex. that’s all.