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

[Forexboy]

Yes I agree with you that much has been learned in this case and many things that we learned that we succeed in this business is all that is in the business we do. Like discipline, good emotions and good strategy and also something else.

[Maham Gill]

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.

yes of course is forum min newbie jo ata han wo both sari mistake karta han or loss hasil karta han phar kahata han k trading acha kam nahi ha.newbie ka layia mara maswara ya ha ka is forum main ana sa ya trading sure karan sa pehala makmal training or demo account par trading kam sa kam one month krana phar really account par trading sure karana.

[babu]

i think greedy is the famous problem on the traders. greedy is our nature so greedy be the enamy of the traders and can call thats trader is the big enemy selves. difficult to avoid a greed if we are not train our psychological. a good psychologi of trading can make us always on trading rules, and certainly we dont trading with greed and emotion.

[avi]

Ma apki bat sy bilkul agree hon. Jb ap demo account mn expert ho jaty hen aur good profit bnany k qabil ho jaty hen tb confidence automatically aa jata hy. Hamen zyada dyhan apni learning aur experience pe dyna chahye.

[avi]

kisi achi opportunity ya signal ko dykh k invest krna tu achi bat hy but too much invest isn't good at all. hamen apni lot size ko apni invested money k accordingly rakhna chahye, agr hmari lot size jyada ho gi tu hama account nil b ho sakta hy.

[dadaa]

Of the reasons that I think is very impressive on any trader, which is located by many beginners is to manage that money Alkhti Tgek enter a lot of deals without regard to the proper management of capital

[babu]

you may be right but I think the same batch, and the same proportion of the lot, for example, use the 1% margin, kept those of 1% on each transaction and not to change, even when the market looks so tempting.

[mita]

i think that on the what the mistake that the newbie trader also make also including the greedy , be4casue the greedy is also make us got the mistake and make u got the failed when we are trading on the forex business

[ishvara]

Yes thank you my brother the money management is very important and without it we will not receive the benefits they want and profit may remain for a long time, I lost a part of my account because I don 'have not done very well managing my money mothering but I try to recover them with this method.

The newbie forex currency traders do not even know that they should fully depend on MM and then apply it in their trading. This is a very big kind of mistake that makes them to fail in their trades.

[jmsblack18]

hello my brother, I think if you have lots of patience and discipline, you can enter in the right point, and you can win
a nice profit with minimal risk, I think you agree with me, I await your views...

I do have same think with you. It is very necessary to have good patience and always have control our self with discipline trade. I for past two month have great loss because my impatience in trading. So, now i still try to build again my portofolio with controlled emotion and discipline in rule of trading.