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

  1. #525
    Member larasati is an unknown quantity at this point larasati's Avatar
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    Quote Originally Posted by akash299 View Post

    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.
    we are indeed one should not set her imagination a perfect strategy, but I think it's a very long time even though he is a master must have experienced loss. This is a market that we can not be easily guessed movement

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    Senior Member safayet39 is an unknown quantity at this point safayet39's Avatar
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    you are right my friend, i am a more ambitious person and i just spent one month in demo trading and then jumped into the live trading. before that i thought that i will do demo trading atleast for around 3 months. but i found demo trading quite boring and thought of starting real account trading. Now as my trade statistics i am in loss of around $18. but still i am happy about my decision.

    If you have already know something about forex, I think it is ok for you to trade in real account after trading in demo account about one month. to be frank, most of traders have the same feelings with you, they feel boring when they traded in demo account, because they just trade with virtual money. I think it is better for traders to trade in real account after practicing in demo account in a short period of time.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  3. #523
    Banned forexchamp is on a distinguished road forexchamp's Avatar
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    Quote Originally Posted by Victoryindia View Post
    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.
    theek kaha hai ap ne me ap ke is thread se aur in 10 mistakes se jo ke ap ne batai hain agree karta hun ke yei main reasons hain jinki wajah se aik trader loss karta hai

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  4. #522
    Senior Member 100 to 1,000 is on a distinguished road 100 to 1,000's Avatar
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    hope can also be a dangerous reason that make traders in this business lose their money because it makes the trader
    not thinking realistically about the current market condition. so hope can even become dangerous if not properly assessed.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  5. #521
    Member sobjanta is an unknown quantity at this point sobjanta's Avatar
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    The oldest show is rattling good and it is a moldiness for any trader that faculty follow in forex trading. Galore traders subject and shut trades haphazardly without any trading counsel to hindermost them up. That is the most sincere job in forex trading.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  6. #520
    Junior Member raju21 is an unknown quantity at this point raju21's Avatar
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    I agree with you. But i would like to add one more point over here. I think it would help any new trader greatly. You as a new trader should not take any high risk in any stage of your trading life. Always try to take calculated risk.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  7. #519
    Senior Member eskip is an unknown quantity at this point eskip's Avatar
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    Really dear Im so much happy by find out effective mistake of loss. I have searching this mistake list in more article and news magazine but finally i have find out this list by visit your post. I must follow this list for avoid mistake while trading. Thanks for nice sharing

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  8. #518
    Member dodicandra is an unknown quantity at this point dodicandra's Avatar
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    Quote Originally Posted by sajib22 View Post
    proper money management and proper time management is must for every trader..
    If you are able to spend your money in good deals in good time, you will get result which will be very fruitful for you..so its always advisable to manage your money and time properly
    management is very good, because it's all systems even as good as any system, there will likely be subject to loss, and loss that is taxable when management becomes very important. risk management is very helpful at all, because of the risk management it is expected that we were able to make trading more fun and profitable

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  9. #517
    Member suma is an unknown quantity at this point suma's Avatar
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    yes i agree with you.every body must know it while trading in forex.if you become aware of it will be able to minimize the losses of it and will be able to earn a lot from it.so try to follow it.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  10. #516
    Member Bhavik Patel is an unknown quantity at this point Bhavik Patel's Avatar
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    In Forex money management is very crucial factor in the forex.If you developed skills in money management then you will earn consistent profit we should have a plan before trading and must consist with it, so we can follow it and be succeed..

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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