Is it really possible not to loose in Currency Trading. The answer is yes. I will show you how that is possible.

You need to keep in mind that until a trade is closed out it does not count towards the "100% No loss" stategy since all open positions still have an extremely high probability to close out in profit. That is why we must follow strict money management guidelines to allow the floating positions enough time to close out in profits.

Money management plays a big role in Forex Trading. It doesn't matter if you are rightor wrong with your trades. The thing is how much you earn if you are right and how much you loss if you are wrong. Make sure that you only loss 1-3% of your account if odds goes your way.

WARNINGS:
- You need to have enough fund to keep your trade open since you will be trading with NO STOP LOSS.
- You must trade only 10% of your margin at all the time.

Here are some strategies that make you a successful Forex Trader:

Strategy #1:TRADE LESS
Why do you trade 10 or 20 trades a day? To risk more? A survey reports said that " Out of 10 people only 2 people are successful in trading". Why don't you be the one in those 2 traders? So if you want to be in those 2 Traders "TRADE LESS" and enter only when trend is set.... your 2 or maximum of 3 trades can make you earn a SINGLE position but your 10 trades can make you pay 8 trades in losses according to that Survey.

Strategy #2:ADD LOTS TO A WINNING TRADE
It has been proven that the best kind of money management when trading is to add lots when you are winning.  This way you can get the most possible out of a trade that is going your way. Most amateur traders add to a losing trade.  They try to make back a loss by adding more lots.  This way never works and ends up just adding to losses. 


If these strategies applied properly you will experience no loss in your trading.

Successful Forex Trading Rules (Partially Compiled):

1. Emotional control is at the heart of good trading.
2. Cut losses with the most strict discipline
3. Make good decisions and winning will take care of itself.
4. When you lose, don't lose the lesson!
5. When in doubt, get out.
6. Keep your risk/reward profile in check.
7. Avoid scheduled news.
8. Consider your account size for appropriate trading.
9. Get a charting program that allows you to build watch lists, sort pairs, and draw trendlines.
10. Scale out of winning positions as they work for you.
11. Don't dig yourself into a hole early in the day or in your career.
12. Trade with a blend of anticipation and confirmation.
13. Evaluate your results at least monthly.
14. Finally (perhaps most important), always be patient.
15. Invest on the side that is winning
16. The objective of what we are after is not to buy low and to sell high, but to buy high and to sell higher, or to sell short low and to buy lower.
17. Capital is in two varieties: Mental and Real, and, of the two, the mental capital is the most important.
18. Markets can remain illogical far longer than you or I can remain solvent.
19. To trade/invest successfully, think like a fundamentalist; trade like a technician.
20. Grow Slowly But Strongly
21. Never chase after the market. TRAP price instead!
22. Know the exact reasons why you're entering into your trade
23. Have a well-defined trading plan
24. Study your losses (especially the biggest ones)
25. Always aim to simplify your trading process (but no more than necessary)
26. Don't revenge trade. I've never seen it work before
27. Be patient and disciplined. Don't force a trade if you don't see one
28. Don't lie to yourself by saying that the price action will reverse when charts don't support that view
29. When you're confused between 2 possible actions, trust the tougher one
30. Never trade when you're angry or feeling unwell
31. Know where your maximum drawdown is
32. Whatever you do, have a PLAN!
33. Be patient to let your profits grow, be impatient with growing losses
34. Understand your own strengths and weaknesses
35. Think in terms of risk:reward
36. Do not overleverage too much on any single trade
37. Learn to read candlesticks
38. Understand that price is king
39. Have your broker's number handy in the case of a technical hiccup at home
40. Do not spread yourself too thin when you first start out (i.e pairs/mkts)
41. Perform due diligence on your broker
42. Be careful not to overtrade
43. Take a break when over-confident or on a losing streak
44. Stick to your strongest setups
45. Avoid emotional trading as much as possible
46. Spot the trend and make it your friend
47. Never stop learning and improving
48. Get familiar and comfortable with your trading platform
49. Understand why you're trading what you're trading
50. Think like the big money and the pros
51. Never think prices are too high or too low
52. If a small loss is hard to take, BIG ones are simply impossible!
53. A great trade does not come from an impulsive entry
54. You simply don't earn huge percents BECAUSE YOU DON'T BELIEVE THAT IT IS POSSIBLE. That's all. And if you don't believe, you cannot achieve it. There are no limits. YOU make the limits.
55. There is only one way to lose. If a trader thoroughly understands this one way to lose, he will be more prone to avoid it.
56. Buy the strongest and sell the weakest currency pairs

Ahmet Asar
http://EzineArticles.com/?id=1117058

Ahmet can be contacted via his Website at http://www.tycoonfx.com - an educational site about investing and trading Forex.

He also operates http://www.palmtreeint.com - An internet Solution Provider and an IT consulting firm.