DislikedMy advice is to stay away from forex until you can hang in trade forever. Even if it runs 5000 pips against you. If you have to fight (or sweat out) a trade, then you shouldnt be here. That is my candid advice to you. Again good luck my fellow retail traders.Ignored
I have my doubts about your be all end all solution of never taking a loss.
Heres Why:
If you freeze a bad position by hedging, or simply let it slide continually into bigger loss for as long as it needs to-either way your talking about frozen money. So you have to consider the utility that you lose from the money required to do those things-you could be making money with that money. If after a year you even out or make a little on a bad position- you have to subtract the money that you've lost from the lost utility, which could result in an even bigger loss than what you were looking at initially.
If your a generally profitable trader, then you can take an occassional loss, whatever.