the very few beginners apply their basic thought in trading. most of them go by the logic that if they lost 50$ in a trade and their target was 50$ then in next trade they target 100$, risk more money, and face loss again.
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the very few beginners apply their basic thought in trading. most of them go by the logic that if they lost 50$ in a trade and their target was 50$ then in next trade they target 100$, risk more money, and face loss again.
direct real account may trading shuru krna.demo account may practice nai krna.open stop loss use krna.small tp rekh kr bara stp loss rekhna .business new ko follow nai krna .indicators use nai krna .emotional trading krna.lalach may a kr trading krna .confuse ho kr loss may trading close kr dyna.lot size bara rekhna.yeh tamam mistakes ki wja sya trader ko loss hota hai
All of them are very important factors of loss in Forex..most new traders remain ignorant whats really going on out in the market and they take trading for granted..but after consecutive losses they become aware and try to find out the reasons of loss..this is the time when a trader begins to crop up in him..if he cares trading a great deal, he becomes successful in future .
All the above post have listed in details the mistakes but one common mistake they make is that after ecrtain good results trader are gradually lead into becoming over ambitious.
Really dear Im so much happy to find out effective mistake what the trader commonly make in their trading. I have read all of the mistake and presume that i have also make this type of mistake in my trading which lead to the loss in my trading so from now I'm trying to avoid these mistake in my trading for switch loss become profit.
mistakes ara there but you can fix your bad mind by reading more about good idea good strategy put in it more information to feel that you can back any information can be useful in any time the food of the mind is the reading so you can correct it easily
remedy for the beginner is very open opportunity to make mistakes in money management but with the passage of time would later realize that it's important to do and obey
I am a newbie in trading and I have joined this valuable forum for getting knowledge and experience and really your discussion and detailed post about mistakes and according to me these are big mistake that a trader do and it is a big source of loss for him, thanks for sharing a very helpful post about mistakes.
i think its top ten mistakes
1. If you have a trading plan is in place before an operation is executed.
Futures trading in place of action to enter into a business without a specific plan that, among other things is, when or where they trade, or how much money you can win or lose. No trading of operators planning to fly by the seat of his pants to be determined beforehand, and that is usually directed at a "Crash Burn".
2. Business assets or improper money management failure.
Future market success with your business does not need a fortune. In their trading account with $ 5,000 minimum trade operators and future success can. And their trading account with $ 50,000 or more merchants and not lose everything in a heartbeat can. Successful in negotiating a fair amount of risk management and "home run" kind of commercial capital for the operation once the victim has not come down.
3. Expectations are very high, very quickly.
Futures traders who work on that day "good life left and futures trading operations, the most disappointing in the first year are expected. You practice a successful doctor or lawyer or business in the first few years owner can not. It takes hard work and determination of the activity for achievement in any field - and futures trading is no different. Futures trading is not easy, compared to some unsavory characters who will be "rich quick achieve ".
4. Failure to use protective stops.
for use. Protective stops are a good money management, but not perfect. Futures trading is a perfect money management tools.
5. "Patience" and "discipline" is missing.
Although these two qualities are more often poorly operator to determine what is missing is, not many will argue with their merits. In effect. Only for trading purposes or simply because it has not changed for a while I changed. This very good business "set" has come to us, and then act on them in a prudent manner. Market what the market wants - and no one can force the hand of the market.
6. Or the top and bottom in the markets trying to choose - trading against the trend.
It is human nature to buy low and sell high (or too little for traders to short sell and buy) want. Unfortunately, that is proved by a path to success in futures trading means. Pickers pickers usually occur above and below, which is a very big mistake are trading against.
7. Let's ride losing positions too long.
The most successful traders will not lose in the long position. They have established a strong safety stop, and then beaten her losses (usually at least) have the ability to negotiate and then the next generation will go for. Traders, who lost a business, "hope" that his side will soon be closed down on markets around the ruins are usually for failure.
8. "In the course of trade."
Trading too many markets at once is a mistake for me to be - especially if you are collecting damage. The mass losses of the business, the trade to reap has come back, although it is tempting to get lost in recent trading to be operated for the recovery of assets. It takes great focus and concentration is a successful futures trader. Once in the "many irons in the fire" is an error.
9. Their failure to accept responsibility for actions.
When you lose someone or a downturn in trade, do not blame your agent or any other person. In your negotiations are solely responsible for the success or failure. Are you a business decision. If you feel that your firm is in control of their own business, then you feel this way? That you immediately change your destiny into your own trading firm can control.
10. A market can not find a larger picture.
A glance at a daily bar chart and a short-term market trend can get. However, the market for long-term weekly or monthly at a desk can display completely different perspective. It is prudent to consider long-term chart, so that the broader approach, seeing a commercial.
Best money management with right timeline is the key of sucess in forex trading..more trader form mistakes but attainment trader is one who learn from the mistakes and alter their trading...