Mistakes to avoid for beginners / Inability to manage orders.

[room]

Yup placing orders without setting stop loss and target profit are mistakes we make, by doing this we are binding ourself to keep an eye on market which is not possible for anyone because market is 24 hours and there may be cases when prices slip much below the stop you have in mind, or may touch your target and slip down

[jimloveski]

I think many traders believe that strategy is the most important thing in forex. That is a mistake!
The most important is Money & Risk Managment. There are hundreds of strategies that can make you win but without good Money Managment you will always end up loosing.

[subashbks]

most of the beginners don't know the proper use of stop loss and take profit.. That's the mistake they make.. Second is over confidence arise in their mind after the become success even in their first trade.. So its better to practice with demo for few months and then come to real.. Also try to master the use of stop loss and take profit..

[hello927]

It is important that traders in forex must be capable of handling all type of situations specially new comers. Placing of orders is a serious matter and itr demands concentratin from the trader. One must be able to understand the exact situation and circumstances of the market before placing any order to avoid any loss.

[skboyra]

to be a beginner in the forex market you have a lot of restriction, among them never take the high risk, control emotion it is very much necessary. and invest less and observe the overall situation and from them you will try to learn the trading capacity.

[grabbani]

Those who all are new here in Forex trading most of the time they remain unable to handle all the orders they should come here for trading with all the preparation and they will get all these experiences from trading with the demo account.

[farhannasir]

putting purchases without establishing stop-loss and focus on revenue are faults we create, by doing this we are joining ourself to keep an eye on industry which is not possible for anyone because industry is 24 time and there may be situations when costs slide much below the quit you have in thoughts, or may contact your focus on and slide down

[safwan06]

beginners become frustrated after loosing. it should have to controlled . and sometimes they are so much greedy that they face loosing and sometimes they trade with not controlling. these are their mistakes i think. they have to look at these to solve this. thank you.

[abdulrazzaq]

i am a newbie in trading and I have not much knowledge and experience of trading yet and i have joined this valuable forum for these purposes because I want to be success trader so I sure that a newbie who want to be a success trader , he should gain these two things.

[lilorusdi]

For those who all are very new here in Forex trading they need to avoid few common mistakes those are while trading here in Forex you have to have positive control over your all the emotions and you have to be very very disciplined while trading here in Forex.

there are traders who can not hold back your emotions when it was then as soon as possible profit out of that position, then there are traders who profit when overly confident that always wants to hold his position much longer to get the maximum profit without any reason for it.