There is simply no safe way to trade! Always where profit is there and risk, otherwise we would all be millionaires .But the risks can be reduced, here's a couple of tips :
1. Diversify risks
2. Do not take loans
3. Do technical analysis
4. Stay up to date with all the news
5. Never bet all the money .
Point on, mate!
When we always have these in mind, the risk of losing all your hard-earned money will be mitigated.
But it is not really easy to do, you need to be well disciplined enough in order to follow it and most of the people are having a hard time to observe and execute it carefully.
Not all is a must, but I strongly agree with two points - DO NOT TAKE LOAN at any promises, forecast and so on and NEVER bet the last or all money. You got a point in it, man. But how can you diversify risks?