Mistakes to avoid for beginners / unrealistic expectations of gains

[tillu]

Every beginner should start with a trendy brain so as not to be always intense. They should never count the exact amount of time how quickly he will tend to be uniform. foreign exchange is usually a strategy of patience. It will take time to gain knowledge. thus, after a long knowledge one can assume really good results .. and I need to add more with you that not only for beginners but also a steady dealer ending death strategy if it is really too big to do a fun trading , and case trades are also indispensable to consider in order to capitalize on the beneficial results of the occupation.

[Abniali05]

There is a huge number of mistakes to avoid for beginners but i have to tell you about the basic one so the first and common mistake done by the new traders is they use high lot size in their positions and they trade here in the market without any analysis or expert advises they open their positions one after one.

[shahid1990]

There are lots of mistakes that new traders make, but there are five major mistakes that you should absolutely avoid.
1. Trading Without Education
You wouldn’t start a business without taking some finance classes, and you wouldn’t pilot a prop plane without learning how aviation works…So why would you trade without learning the proper way of doing it?
2. Trading With Emotion Instead of Logic
It’s easy to let emotions run wild with something as exciting as trading options. Netting a big win can propel you to place more money than you should in a trade. On the other hand, losing money can anger you to the point of giving up altogether.
3. Thinking That Trading has Anything to do with Luck
The market’s exact movements will always be unpredictable, but it never does anything randomly, or by chance. The market reacts to outside factors in a predictable manner.
Learning how to follow the indicators gives you the confidence to predict how the market will react to those indicators and accelerate your profits.
4. Thinking That Losing is a Negative
Piggybacking off of Mistake #2, thinking that you’re going to win every trade you place is a false way of thinking and can quickly lead to you giving up..
5. 5: Assuming You Know Everything About Trading
No matter what you do in life, you should always be learning.
I can guarantee you the most successful business person you can think of is still learning about business, the greatest basketball player in the world is learning how to shoot better and the best guitar player is learning new note combinations. The same principle applies to trading.

[shahid1990]

Here is a list of the most common mistakes Forex traders make.
Lacking Education
This will be a short one, since it is quite obvious, and there is not much to discuss. Study like there is no tomorrow, getting good Forex education is extremely important!
Skipping on the Trading Plan
You must have heard something about the positive effects of having a plan. Well, trading financial markets are no exception... and not having a trading plan is one the most widespread mistakes that Forex traders make.
Undermining Money Management
Things might get hectic in Forex trading quickly because Forex brokers are allowed a lot of freedom in terms of leveraging their trading account, while beginner traders lag behind in money management discipline. A combination of these two leads to high risk, hazard trading.

[shahid1990]

There are common mistakes and ‘traps’ that give nearly all traders trouble at some point in their trading careers. So, let’s cover the most common mistakes that traders make which keep them from making money in the markets:
• Analysis-paralysis
• Over-trading
• Not applying risk reward and money management correctly
• No trading plan and no routine or discipline

[shahid1990]

Following are some of the common mistakes which are made by many forex traders:
Not maintaining trading discipline
Trading without a plan
Failing to adapt to the market
Learning through trial and error
Having unrealistic expectations
Poor risk and money management
The easiest way to avoid some of these mistakes is to build a relationship with other successful forex traders who can teach you the trading discipline which is required by the asset class, including the risk and money management rules which are required to trade the forex market.

[ntn]

yes all new traders or beginners also avoid mistakes during the trade and get suggestions to his senior members of forum because they have great experience of this forum and they gives better advise to you for opening a live trade.

[FA148P]

I'm totally agree with you , most of those who enter forex for the first time , they have much greed inside themselves and want to earn and make profit quickly without well learning or patience , Forex career is like any other business needs efforts and learning and experience to success on it and earn , don't think Forex is too easy to make money on it or don't be greedy to make profit as fast as possible

[AHMADUZAIR232]

Mien tu yahi kaho ga k hr insan mistake se sekhta he.lakin aik mistake ko bar bar reapet krna ye trader ke lie harm full he. Beginners ziada money ke chakar apna loss kr bethte hen.un ko utna experience hota nahi he.jitni Wo umeed laga kr baithe hote hen.is lie beginners ko chahye k Wo pehle knowledge gain Karen.

[Mr Law]

The beginners should try to avoid from mistakes as far as possible because mistakes leads to loss and we're in the Forex market to get profit not for loss. So, The beginners should try to avoid from the mistakes and if they make any mistake, they should try to learn from his mistakes. A mistake is not a mistake when you learn a lesson from your mistake. The same rule applies in the trading market where your mistake becomes a reward for you because you learned and got experienced.