Top 10 Mistakes Traders Make (newbie just look it).

[interutup]

Early futures traders who expect to quit their "daily jobs" and make good futures trading in the first few years of trading are usually let down. You are not a successful doctor or lawyer or business owner in the first few years of the practice. It takes hard work and persistence to succeed in any business - and futures trading is no different. Futures trading is not an easy, "get rich quick" scheme that makes some characters unpleasant. I think one of the most recurring mistakes that make new people in forex trading and what I want to mention here is that you should not trade without a target. You should always have a target for yourself and once the target is hit, you have to get out of the market to make sure that you do not 'lose more money than what you can afford.

[persib]

Expectations that are too high, too fast. Early futures traders who expect to quit their "daily jobs" and make good futures trading in the first few years of trading are usually let down. You are not a successful doctor or lawyer or business owner in the first few years of the practice. It takes hard work and persistence to succeed in any business - and futures trading is no different. Futures trading is not an easy, "get rich quick" scheme that some unreasonable characters make it a ... thank you for posting ..These are many mistakes that can be made from a trader and I think we should have to avoid it just like when we started our trading not analyzing 4 hour chart and after that in trading order we do not use take profit and stop. losses to be traded

[egy]

I think doing error is very typical thing in our forgoing life. Sometimes few investor take incorrect choice incorrectly. As a beginner i did plenty of errors which will help me to be right later on. Mistake instructs a man to understand.

[ghaffar500]

dear trader jo log new hain forex main wo yeh mistake to kia es say bhi bari mistake kertay hain dear wo to thek say sekhtay bhi nahain kun k un ko sirf aur sirf earing ki pari hoti hay aur wo yeh smjhtay hain k un ko boht jald earing start ho jiay gi phr wo mazay krain gay aur apnay dream poray krain gay dear main to yehi kahaunga k agar wo thek say forex ko learn krain to phr wo es main kamyab bhi ho jiay gay un k chahiay k wo forex mapy grip bnain tab wo forex ko krain es say unko faida bhi hoga aur tab wo es say life time k liay earning bhi krian gay......

[ch tayyab]

1. Letting Losses Mount

One of the defining characteristics of successful traders is their ability to take a small loss quickly if a trade is not working out and move on to the next trade idea. Unsuccessful traders, on the other hand, get paralyzed if a trade goes against them. Rather than taking quick action to cap a loss, they may hold on to a losing position in the hope that the trade will eventually work out. In addition to tying up trading capital for an inordinate period of time in a losing trade, such inaction may result in mounting losses and severe depletion of capital.
2. Failure to Implement Stop-Loss Orders

Stop-loss orders are crucial for trading success, and failure to implement them is one of the worst mistakes that can be made by a novice trader. Tight stop losses generally mean that losses are capped before they become sizable. While there is a risk that a stop order on long positions may be implemented at levels well below those specified if the security gaps lower, the benefits of such orders outweigh this risk. A corollary to this common trading mistake is when a trader cancels a stop order on a losing trade just before it can be triggered, because he or she believes that the security is getting to a point where it will reverse course imminently and enable the trade to still be successful.
3. Not Having a Trading Plan or Sticking to One

Experienced traders get into a trade with a well-defined plan. They know their exact entry and exit points, the amount of capital to be invested in the trade, and the maximum loss they are willing to take, etc. Beginner traders may be unlikely to have a trading plan in place before they commence trading. Even if they have a plan, they may be more prone to abandon it than seasoned traders if things are not going their way. Or they may reverse course altogether (for example, going short after initially buying a security because it is declining in price), only to end up getting "whipsawed."
4. Averaging Down (or Up) to Redeem a Losing Position

Averaging down on a long position in a blue-chip may work for an investor who has a long investment time horizon, but it may be fraught with peril for a trader who is trading volatile and riskier securities. Some of the biggest trading losses in history have occurred because a trader kept adding to a losing position, and was eventually forced to cut the entire position when the magnitude of the loss made it untenable to hold on to the position (or alternatively, because his bosses discovered the true extent of the trading loss). Traders also go short more often than conservative investors, and tend toward "averaging up" because the security is advancing rather than declining is an equally risky move that is another common mistake made by the novice trader.
5. Excessive Leverage

According to a well-known investment clich�, leverage is a double-edged sword, because it can boost returns for profitable trades and exacerbate losses on losing trades. Beginner traders may get dazzled by the degree of leverage they possess, especially in forex trading, but may soon discover that excessive leverage can destroy trading capital in a flash. If leverage of 50:1 is employed � which is not uncommon in retail forex trading � all it takes is a 2% adverse move to wipe out one's capital.
6. Trading Too Frequently

Overtrading can erode returns to the point where nice profits turn into significant losses. While experienced traders have generally learned the hard way that trading too frequently can be severely detrimental to overall returns and performance, new traders may have yet to learn this lesson.
7. Following the Herd

Another common mistake made by new traders is that they blindly follow the herd, and as a result they may either end up paying too much for hot stocks or may initiate short positions in securities that have already plunged and may be on the verge of turning around. While experienced traders follow the dictum of "the trend is your friend," they are accustomed to exiting trades when they get too crowded. New traders, however, may stay in a trade long after the smart money has moved out of it. Novice traders may also lack the confidence to take a contrarian approach when required.
8. Shirking Homework

New traders are often guilty of not doing their homework or not conducting adequate research before initiating a trade. Doing homework is critical because beginner traders do not have the knowledge of seasonal trends, timing of data releases, and trading patterns that experienced traders possess. For a new trader, the urgency to put on a trade often overwhelms the need for undertaking some research, but this may ultimately result in an expensive lesson.
9. Trading Multiple Markets

Beginner traders may also flit from market to market, e.g., from stocks to options to currencies to commodity futures, to name a few. However, trading multiple markets can be a huge distraction and may prevent the novice trader from gaining the experience necessary to become a specialist and excel in one market.
10. Overconfidence or Hubris

Trading is a very demanding occupation, but the "beginner's luck" experienced by some novice traders may lead them to believe that trading is the proverbial road to quick riches. Such overconfidence is dangerous as it breeds complacency and encourages excessive risk-taking that may culminate in a trading disaster.

Read more: The 10 Worst Mistakes Beginner Traders Make | Investopedia https://www.investopedia.com/article...#ixzz5A7oxbgKP
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[javedqasim]

Forex main jub app trading kar raha hota hai tu buhat sari mistake karta hai, yahan par mera doston ny os mistake ko point not kai hain, phla tu app jub trading kar raha hota hai tu app nay sub say phla ya dakhna hay k app kis pear main trading kar raha hain ,os k app invest ktna kar raha or kasa kasa kar raha hain, ya buaht zarori hai, jub app trading kar raha hota hai tu sub say achi bat ya hoti hai k app trading k hawala say koi na stage bani hoi ho or market par app ki nazar ho phr he app loss hona say bech sakta hain

[amirjaved]

Absence of persistence is the most essential figure that causes misfortunes Forex exchanging. It was experienced by me the greater part of the circumstances. I won't hold up more opportunity to get more accomplishments. This is awful on the grounds that occasionally the couple that I have exchanged move to my benefit taking target yet around then my position is shut !! To stay away from botches in our exchanging, we should have a decent methodology in Forex exchanging, other than that we should dependably utilize stop misfortune and exploit in our situation, after we deal with everything, we can leave our screen and land another position other than Forex. exchanging. so we won't take a shot at our screen or PC from. .

[rehanayaz]

if I were to calculate the lot size let balanced by the amount of margin is to create resilience how many pips from the price movement and I used up to 1000 pips price resistance movement,, for example I have a capital of $ 20 for resistance 1000 pips then I use a lot size 0:04

[jobless]

Achieving success in futures trading requires avoiding numerous pitfalls as much, or more, than it does seeking out and executing winning trades. In fact, most professional traders will tell you that it's not any specific trading methodologies that make traders successful, but instead it's the overall rules to which those traders strictly adhere that keep them "in the game" long enough to achieve success.

* The following are 10 of the most prevalent mistakes that traders make in futures trading. They are listed in no particular order of importance:

1. Failure to have a trading plan in place before a trade is executed.

A trader with no specific plan of action in place upon entry into a futures trade does not know, among other things, when or where he or she will exit the trade, or about how much money may be made or lost. Traders with no pre-determined trading plan are flying by the seat of their pants, and that's usually a recipe for a "crash and burn."

2. Inadequate trading assets or improper money management.

It does not take a fortune to trade futures markets with success. Traders with less than $5,000 in their trading accounts can and do trade futures successfully. And, traders with $50,000 or more in their trading accounts can and do lose it all in a heartbeat. Part of trading successfully boils down to proper money management, and not gunning for those highly risky "home-run" type trades that involve too much trading capital at one time.

3. Expectations that is too high, too soon.

Beginning futures traders that expect to quit their "day job" and make good living trading futures in their first few years of trading are usually disappointed. You don't become a successful doctor or lawyer or business owner in the first couple of years of the practice. It takes hard work and perseverance to achieve success in any field of endeavor--and trading futures is no different. Futures trading are not the easy, "get-rich-quick" scheme that a few unsavory characters make it out to be.

4. Failure to use protective stops.

Using protective buy stops or sell stops upon entering a trade provide a trader with a good idea of about how much money he or she is risking on that particular trade, should it turn out to be a loser. Protective stops are a good money-management tool, but are not perfect. There are no perfect money-management tools in futures trading.

5. Lack of "patience" and "discipline."

While these two virtues are over-worked and very often mentioned when determining what unsuccessful trader's lack, not many will argue with their merits. Indeed. Don't trade just for the sake of trading or just because you haven't traded for a while. Let those very good trading "set-ups" come to you, and then act upon them in a prudent way. The market will do what the market wants to do--and nobody can force the market's hand.

6. Trading against the trend--or trying to pick tops and bottoms in markets.

It's human nature to want to buy low and sell high (or sell high and buy low for short-side traders). Unfortunately, that's not at all a proven mean of making profits in futures trading. Top pickers and bottom-pickers usually are trading against the trend, which is a major mistake.

7. Letting losing positions ride too long.

Most successful traders will not sit on a losing position very long at all. They'll set a tight protective stop, and if it's hit they'll take their losses (usually minimal) and then move on to the next potential trading set up. Traders, who sit on a losing trade, "hoping" that the market will soon turn around in their favor, are usually doomed.

8. "Over-trading."

Trading too many markets at one time is a mistake--especially if you are racking up losses. If trading losses are piling up, it's time to cut back on trading, even though there is the temptation to make more trades to recover the recently lost trading assets. It takes keen focus and concentration to be a successful futures trader. Having "too many irons in the fire" at one time is a mistake.

9. Failure to accept complete responsibility for your own actions.

When you have a losing trade or are in a losing streak, don't blame your broker or someone else. You are the one who is responsible for your own success or failure in trading. You make the trading decisions. If you feel you are not in firm control of your own trading, then why do you feel that way? You should make immediate changes that put you in firm control of your own trading destiny.

10. Not getting a bigger-picture perspective on a market.

One can look at a daily bar chart and get a shorter-term perspective on a market trend. But a look at the longer-term weekly or monthly chart for that same market can reveal a completely different perspective. It is prudent to examine longer-term charts, for that bigger-picture perspective, when contemplating a trade.

I know I committed an error and endeavored to settle everything. Gain from them and proceed onward, turn out with something much better. One of the missteps isn't to stick to patterns while getting a flag particularly when you've seen that it's in accordance with a bigger time span. This is a standout amongst the most widely recognized oversights to me and I know with great teach and cash administration hones I will forget about it. There are tips that ought to be communicated. it will dodge some more mix-ups. Amateurs or non-learners, upbeat to see the slip-ups we frequently make. In spite of the fact that this article may not enhance each apprentice, trust this encourages a few people. Perhaps they won't be misled, or wont get four pets on their first day

[kede]

Lack of patience is the most important factor that causes losses in forex trading. It was experianced by me most of the times. I will not wait more time to get more achievements. This is very bad because sometimes the couple that I have traded move to my profit-taking target but at that time my position is closed !! To avoid mistakes in our trading, we must have a good strategy in forex trading, besides that we must always use stop loss and take advantage in our position, after we manage all, we can leave our monitor and get another job besides forex. trading. so we will not work on our monitor or laptop fron. .