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

[Victoryindia]

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.

[nilu]

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.

Good tips bro

Main one is money management without this no one will get for long time, i lost some of my account because lack of money management plan.

[soumen]

good topic bro. aap ka sagyan mujhe aacha laga. kjhas karke money mangement and Trading against the trend jyada khatar nak he. to hum jaise newbie ko bass yehi lession bar bar parna he aur ye ssab bat ko bas apne dimag me ek dam jor lena chahiye. aur ha sirf mistake ka karan nehi iska hal ko bhi dhunda parega aap ko. ta ki aap ye galti dubara na kare.

[mayengbam]

"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"

You have rightly pointed out a very good point and which newbies frequently commit. earlier I used to wait for the losing trade to reverse and make profits but in most of the occasions, i lose big. so its better to set stop loss in every trade we make to minimize of losses

[denira]

Good tips bro

Main one is money management without this no one will get for long time, i lost some of my account because lack of money management plan.

remedy for the beginner is very open opportunity to make mistakes in money management but with the passage of time would later realize that it's important to do and obey

[pivot-trader]

remedy for the beginner is very open opportunity to make mistakes in money management but with the passage of time would later realize that it's important to do and obey

yeah it is right, but too long remidy is not good. for all newbie trader i have advice, before you enter this bussines, you should make money management.

[denira]

yeah it is right, but too long remidy is not good. for all newbie trader i have advice, before you enter this bussines, you should make money management.

if I'm personally for the first time that should be done is to do well because the analysis of learning with the practice of automatically de real account later we will learn money management and so it

[pivot-trader]

if I'm personally for the first time that should be done is to do well because the analysis of learning with the practice of automatically de real account later we will learn money management and so it

but to starting all bussines we need plan too, like a forex. without trading plan we can get loss easier than use trading plan.

[denira]

but to starting all bussines we need plan too, like a forex. without trading plan we can get loss easier than use trading plan.

trading plan that is part of a personal goal comrades had nothing to do I think the impact on the loss you suffered because according to my trading plan that is associated with the design of your business in the forex

[anubhavsingh]

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

[arjun]

for now, a simple plan that is still difficult for me to do is discipline to use sl. might otherwise trade I can say will be disciplined, but a reality if in front of the market, I often break them. how do I overcome this?

[denira]

for now, a simple plan that is still difficult for me to do is discipline to use sl. might otherwise trade I can say will be disciplined, but a reality if in front of the market, I often break them. how do I overcome this?

I also long to use SL trading career I rarely use because it will rely more on discipline to cut loss when using an analysis of

[dead]

I also long to use SL trading career I rarely use because it will rely more on discipline to cut loss when using an analysis of

depending on the merchant's stall to use stop this because there are traders who like to use it and some do not and all of it back to yourself each

[arjun]

but to starting all bussines we need plan too, like a forex. without trading plan we can get loss easier than use trading plan.
I believe that by creating a trading plan we can improve our capabilities. example: we can evaluate the results of our trading, because the rules of open positions that we make the obvious, so evaluation becomes easier. future so we can fix the trading plan at regular intervals.

[blackprince4u]

I believe that by creating a trading plan we can improve our capabilities. example: we can evaluate the results of our trading, because the rules of open positions that we make the obvious, so evaluation becomes easier. future so we can fix the trading plan at regular intervals.

The main thing is keeping your trading plan up to date and continuously adding and removing things from it to make it perfectly working strategy.

[venkiaries61]

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


Yes you are right, I am still follow my own money management after some huge loses. You mention that good deals in good time. How do you know the market movement is good or not.
then how you calculate the lot size according to your money management.

[denira]

Yes you are right, I am still follow my own money management after some huge loses. You mention that good deals in good time. How do you know the market movement is good or not.
then how you calculate the lot size according to your money management.

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

[alwi]

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

if the resistance of 100 pips I think it was very nice because a floating large we are still not too suffered losses so large

[dead]

if the resistance of 100 pips I think it was very nice because a floating large we are still not too suffered losses so large

whose name is lost anyway because of the loss was painful loss by doing a good money management we have the opportunity to trade more and better of course

[mayengbam]

The main thing is keeping your trading plan up to date and continuously adding and removing things from it to make it perfectly working strategy.

Yeah tweaking our strategy to suit the market is a good move. Constantly updating our knowledge will help us to get more profits, that why learning is very important in this market

[pinpin]

yes that's what the study is ongoing in this business
many things we have learned that we succeed in this business
discipline, mm, good emotions and good strategy

[alwi]

yes that's what the study is ongoing in this business
many things we have learned that we succeed in this business
discipline, mm, good emotions and good strategy

yeah and we can see how difficult this business is so high and the risks we face and so much knowledge to be mastered, especially to overcome self-control our own emotions

[arjun]

yeah and we can see how difficult this business is so high and the risks we face and so much knowledge to be mastered, especially to overcome self-control our own emotions

you are right, as is often delivered by a master trader:

before we become a money monster , we must become masters of self first.

[dead]

you are right, as is often delivered by a master trader:

before we become a money monster , we must become masters of self first.

all we can do it just a matter of time for it all and when we can become masters of ourselves is the greatest achievement for a dealer

[denira]

all we can do it just a matter of time for it all and when we can become masters of ourselves is the greatest achievement for a dealer

when we become masters of ourselves sediri that means we have the ability to perform commands on ourselves and I think good always to govern ourselves to be patient and disciplined

[anubhavsingh]

Forex trading me planning ki bahut zarurat hoti hai..
Planning means aapko proper tiem aur money management seekhna padega..
Iske alawa aapko analysis ke liye poora time dena padega taki aapki deals aapko zadatar profit de sake..

[pinpin]

yeah and we can see how difficult this business is so high and the risks we face and so much knowledge to be mastered, especially to overcome self-control our own emotions
yes that's true friend
but at least on this forum we can share experiences with other traders to become a successful trader

[arjun]

when we become masters of ourselves sediri that means we have the ability to perform commands on ourselves and I think good always to govern ourselves to be patient and disciplined

if we are able to control yourself, then I believe we can also discipline and patience.
Essentially we can obey the rules that we have made, so I 'm sure we can succeed.

[alwi]

if we are able to control yourself, then I believe we can also discipline and patience.
Essentially we can obey the rules that we have made, so I 'm sure we can succeed.

I agree with you that discipline in the trade must be accompanied in advance to conduct self-control

[dead]

I agree with you that discipline in the trade must be accompanied in advance to conduct self-control

thus we are able to perform commands on ourselves for not greedy, not to be afraid and to everything that could adversely affect our trade

[pinpin]

if we are able to control yourself, then I believe we can also discipline and patience.
Essentially we can obey the rules that we have made, so I 'm sure we can succeed.
yes I agree with you
self-control and patience is the key to the success of this business
and all it takes very long to do this
and successful traders are those who can control himself
besides many other factors that support

[arjun]

yes I agree with you
self-control and patience is the key to the success of this business
and all it takes very long to do this
and successful traders are those who can control himself
besides many other factors that support

if you have the patience to wait for prices to the area right snr,
then you can generate a maximum profit with minimal risk,
I 'm studying them now.
how about you?

[soumen]

if you have the patience to wait for prices to the area right snr,
then you can generate a maximum profit with minimal risk,
I 'm studying them now.
how about you?
bhai forex me ye patience bahut sare aadmi nehi rakh pate he. isliye sab loss karte he. par ha sahi time ke liye sikhna parta he aur market ke bare me knowledge rakhna parta he. to tabhi jake trader accha profit kar payegi. aur mistake to hota rehta he. isko sudharne ke liye control jaruri he. main abhi tak greed aur emotion ko nehi control paya hoon. abhi bhi practice kar raha hoon.

[anubhavsingh]

Forex trading me patience ki bahut zarurat hai..
maien bhi starting ke days me patience pe control nahi rakha tha..kayi baar poore din me 25-30$ kamane ke bad aur zada kamane ke lalach me sara loss kiya hua hai...inhi sab situations se nikal ke ab me kafi had tak khud ko patience me rakhta ho aur kisi bhi deal ko bahut jaldi yab ahut late close nahi karta

[pinpin]

if you have the patience to wait for prices to the area right snr,
then you can generate a maximum profit with minimal risk,
I 'm studying them now.
how about you?
I also learned to analyze prices through the SNR friend
and I am still not proficient in this system
but I will continue to learn and learn to become experts and get the benefits I expect

[blackprince4u]

I also learned to analyze prices through the SNR friend
and I am still not proficient in this system
but I will continue to learn and learn to become experts and get the benefits I expect

Well that is not a difficult thing to learn if you learn it with passion so one day you can master it and its profitable so you can make good profits.

[arjun]

I also learned to analyze prices through the SNR friend
and I am still not proficient in this system
but I will continue to learn and learn to become experts and get the benefits I expect

it is the system used by many master trader.
so I think the system is very profitable. we just need to get used to using it.
all the existing process, and the better we can enjoy it.

[anubhavsingh]

extremely useful information brothet
har new trader ko ye sba baatein yad rakhni chahaiye...ye sab trading ke liye bahut zaruri hoti hai aur in sabko dhyan me rakh ke kiye gaye trade se apko kafi profit milega

[denira]

it is the system used by many master trader.
so I think the system is very profitable. we just need to get used to using it.
all the existing process, and the better we can enjoy it.

nevertheless true that we should have a loyalty to the system you are using because the more you are loyal to the system from day to day then you will be getting better at using it

[arjun]

nevertheless true that we should have a loyalty to the system you are using because the more you are loyal to the system from day to day then you will be getting better at using it

but it never hurts to read that there are many other systems in this forum.
who knows there are indicators that could support the system you use.
but remember, never change the system, that's the point.

[dead]

but it never hurts to read that there are many other systems in this forum.
who knows there are indicators that could support the system you use.
but remember, never change the system, that's the point.
to learn and continue to develop our Traffic in studying the indicators I think that there is no ending because our duty is to keep learning

[alwi]

to learn and continue to develop our Traffic in studying the indicators I think that there is no ending because our duty is to keep learning

although learning is important but let us not forget the time for a vacation from it all because it is also important to keep emotions in good condition

[mayengbam]

although learning is important but let us not forget the time for a vacation from it all because it is also important to keep emotions in good condition

well said dude. it will give us more stress and loss if we constantly stick to the pc for hours everyday. So having a daily routine to trade is very important. we need breaks occasionally to release our stress and build up the spirit.

[anubhavsingh]

but to starting all bussines we need plan too, like a forex. without trading plan we can get loss easier than use trading plan.

Forex me planning ki bahut zarurat hoti hai..yaha pe money management aur time management bahut zaruri hota hai kyunki iske bina aapke liye profit kamana bahut hi zada mushkil ho jayega
Forex me expriance ki bhi bahut importance hoti hai...greed ko control me rakhna aur emotions ke mnimise karke trade karna bhi ek art hota hai

[pinpin]

to learn and continue to develop our Traffic in studying the indicators I think that there is no ending because our duty is to keep learning
yes I agree with you
we just perfected our system, not change
but making it better, because we also want progress and continues to grow

[blackprince4u]

yes I agree with you
we just perfected our system, not change
but making it better, because we also want progress and continues to grow

Nothing is perfect. So we can just increase its efficiency to about to some extent when our profits are greater than our losses but not 100% accurate strategy which only gives profit without loss,.

[anubhavsingh]

well said dude. it will give us more stress and loss if we constantly stick to the pc for hours everyday. So having a daily routine to trade is very important. we need breaks occasionally to release our stress and build up the spirit.

Trading ke beech me break lena bahut zaruri hota hai..ye aapko mentakly aur physically bahut relief dega
lagatar yarding se aapka mind thdoa sa disturb ho skata hai jabki break lete rehne se aap kafi fresh feel karenge

[pipsdragon]

yes I agree with you
we just perfected our system, not change
but making it better, because we also want progress and continues to grow

yups, do not confused to find best strategy, try to make simple strategy and please make your strategy be better.

[dead]

All the mistakes explained in this thread are important to over come but more important of all above the fours and those are ,No 1 ,2 ,5 and 6. I think the trader who over come these four mistakes is a successful trader.

true friend because the less we make a mistake then we get smaller when we need to make improvements to the error and speed us to understand the forex market

[soumen]

rading ke beech me break lena bahut zaruri hota hai..ye aapko mentakly aur physically bahut relief dega
lagatar yarding se aapka mind thdoa sa disturb ho skata hai jabki break lete rehne se aap kafi fresh feel karenge
ha isko kehte he OVERTRADING.
aur sabhi ko pata hoga ki over trading kharab he. thoda mind fresh and family ko time dena sab se accha he. jyada trade karnese dimag ka bura haal ho jate he.

[alwi]

People always have rusk to open position and always have rush to close position in less profit as well. But they never rush to close position in less loss. And for this reason they getting profit in many position but getting 1 big loss in 1 position and losing everything.

[ganguly]

Good tips bro

Main one is money management without this no one will get for long time, i lost some of my account because lack of money management plan.

[fravash]

we can start managing the MM with the most basic stage.
namely, with the same lot use on every transaction that we are open.
please try, because it is a difficult thing for me.

i think not the same lot brother, but more of the same ratio of lot, example, use 1% margin, kept those 1 % on every trade and dont change it even when the market looks so tempting, just my 5 cent thought:)

[anubhavsingh]

Good tips bro

Main one is money management without this no one will get for long time, i lost some of my account because lack of money management plan.

money management is very essential for all trading platforms
In forex, money management is very esentuial because properly managed money can get you instan profit
Apart from this, time management is also very important as you have to trade according to the time

[makjon]

Good tips bro

Main one is money management without this no one will get for long time, i lost some of my account because lack of money management plan.

nice share bro,..

with this 10 mistakes trader above we can now what mistakes always we do on trading so that we will never repeat in next day:good:

[fravash]

It is commonplace to repeat the mistakes we did, but most importantly we try to repeat these mistakes mistakes for we can control ourselves to not make mistakes

would you brother ?
as a trader i dont want to repeat any mistake, but sometimes it just happened beyond my mind control, it has something to do with mentality

[fravash]

I often repeat the same mistakes, and I 'll fix it starting today.
I do not want an account bonus given this forum ended in vain.
i have the same feeling as you brother, whether the money came from our pocket or from bonus posting we have to trade it carefully

and for that there are several ways to suppress the workings of our unconscious on a wrong with using brain wave music therapy, music is good enough to provide treatment so that the performance of the subconscious can be more optimally

i totally agree with you brother, currently i have some of those type of song, would you share yours ?:)

[preetksgill]

Forex me planning ki bahut zarurat hoti hai..yaha pe money management aur time management bahut zaruri hota hai kyunki iske bina aapke liye profit kamana bahut hi zada mushkil ho jayega
Forex me expriance ki bhi bahut importance hoti hai...greed ko control me rakhna aur emotions ke mnimise karke trade karna bhi ek art hota hai

[SG Trader]

I often repeat the same mistakes, and I 'll fix it starting today.
I do not want an account bonus given this forum ended in vain.

iam too. usually i repeat same mistake, i aware because i not do evaluate my trading.
now i try to make evaluate my history and make a trading journal in my note book.

[preetksgill]

Forex trading me patience ki bahut zarurat hai..
maien bhi starting ke days me patience pe control nahi rakha tha..kayi baar poore din me 25-30$ kamane ke bad aur zada kamane ke lalach me sara loss kiya hua hai...inhi sab situations se nikal ke ab me kafi had tak khud ko patience me rakhta ho aur kisi bhi deal ko bahut jaldi yab ahut late close nahi karta

[cumil]

I often repeat the same mistakes, and I 'll fix it starting today.
I do not want an account bonus given this forum ended in vain.

stay calm friend, if you are trading with emotion then you worse off.

stay focused and be more careful in the deal, last week I also have lost money from bonus for post up to $ 63, next week hopefully I can recover funds

[anubhavsingh]

would you brother ?
as a trader i dont want to repeat any mistake, but sometimes it just happened beyond my mind control, it has something to do with mentality

forex me sabse zada seekhne ki yahi baat hai ki jis deal se apko loss hua hai usko ache se analyse karke aage trade karna
1 hi mistake ko aage kabhi bhi repeat na karna
agar aisa karte ho to aap zarur fayde me janeynge

[SG Trader]

yeah really we should have a lot of patience from this business because as a beginner course the challenge is not easy and full of emotion that is always pressing us in every trade we do and it is reasonable as a beginner

yes, i agree with you, a newbie like me also always trade with emotion..
i think now still in process to be a sucess trader. i dont want to make same mistake.

[rakesh]

omg, i believe in all these reasons ,i always talk about money management, and always say run your profits and cut your losses
i hope all the members here learn from this mistakes
thanks for this useful thread

[Ganesh]

:good: real great tips bro, and yeah the point of high expectation's from forex is right tht new ppl entering this field think tht they will become millionares with it withou8t knowing what awaits for them in the trade and also the fact of over trading when new ppl make a few profits in one of the pair then they invest in multiple making it hard to keep up with all and then finally they collapse:(

[SG Trader]

omg, i believe in all these reasons ,i always talk about money management, and always say run your profits and cut your losses
i hope all the members here learn from this mistakes
thanks for this useful thread

of course, i think there is no way to get success beside our good money management and good soul.
all the way is not easy to do, we need more process to be successful trader

[soumen]

yes, i agree with you, a newbie like me also always trade with emotion..
i think now still in process to be a sucess trader. i dont want to make same mistake.
ha bhai sab newbie hi mistake karte he. par aap us mistake se sikho aur dobara usko mat karo isse aap aur accha trader ban payenge. aisa mistake har koi karlete he. par agar aap jante ho to aap wo phirse nehi karenge.

[princeali]

Good tips bro

Main one is money management without this no one will get for long time, i lost some of my account because lack of money management plan.

ya right bhai . me too i lost so many accounts too with out having money management .this is the main thing in forex to survive , aur eek baath mini account sai kuch nai hota , we must have at least 100 usd to start and trade . so ispai money management apply karkai we can trade easily

[mayengbam]

ya right bhai . me too i lost so many accounts too with out having money management .this is the main thing in forex to survive , aur eek baath mini account sai kuch nai hota , we must have at least 100 usd to start and trade . so ispai money management apply karkai we can trade easily

agree with you dude. money management is a key factor to survive in forex. without proper money management every account whether big or small will certainly meet mc. so MM is the key

[Victoryindia]

yes, i agree with you, a newbie like me also always trade with emotion..
i think now still in process to be a sucess trader. i dont want to make same mistake.

hume ek mistake karne ke bad usko imprive karna chahiye aur agar hum same mistake again and again kare to i think we should quit forex and look for some other business

[venkiaries61]

agree with you dude. money management is a key factor to survive in forex. without proper money management every account whether big or small will certainly meet mc. so MM is the key

yes, you are correct. Every trader should follow money management to avoid MC. Don't get afraid about money management. Its very simple, its just lot size. We should careful in lot size. Its very simple, but hard to follow.

[Victoryindia]

yes, you are correct. Every trader should follow money management to avoid MC. Don't get afraid about money management. Its very simple, its just lot size. We should careful in lot size. Its very simple, but hard to follow.

ha bhai ye dikta bahut easy hai par isko rokna utna hi hard hai, thode time ke bad ye apne aap sikh jayeaga, pehle main bhi big lot size used karta tha par abhi maine sikh liya hai low lot size used karna

[sanjeev]

in early 3 months, beginners...i mean lot of beginners, would make mistakes. passion and patience...should be mixed together

[sachin]

mistake would be too late to open a position. when trend is over and it goes reversaly, do not take a position. sometimes it won't repeated

[netra]

a simple plan that is still difficult for me to do is discipline to use sl. might otherwise trade I can say will be disciplined, but a reality if in front of the market, I often break them. how do I overcome this?

[akshayfuriya]

yeah and we can see how difficult this business is so high and the risks we face and so much knowledge to be mastered, especially to overcome self-control our own emotions

you are right, as is often delivered by a master trader:

before we become a money monster , we must become masters of self first.

[sunil]

Main one is money management without this no one will get for long time, i lost some of my account because lack of money management plan.

[sunil]

This 10 fault is full with me and i am not overcome this 10 mistake and i have no shame to say this and thinking why i am not still not in profit. all the fault describe above is very true when i trade and getting mysterious how its 100% true like my character of trading . anyway i am lucky that i am here in this forum and gaining so many new things and also learing.

[anubhavsingh]

Main one is money management without this no one will get for long time, i lost some of my account because lack of money management plan.

m,money managememnt aur time management bahut hi zaruri horta hai forex trading ek liye
jo bhi trader inme se kisi bhi cheez ko thik se manage nahi karta..usse bahut zada loss hota hai aur zadatar naye traders is wajah se bahut loss me jate hai
isliye traders ko time management aurm oney management pe dhyaan dena chahiye

[venkiaries61]

Main one is money management without this no one will get for long time, i lost some of my account because lack of money management plan.

yes, i totally accept this point. Money management is the fact that keeps our funds safe. And also have some analysis to find the trend and reversal directions. This also important thing in Forex.

[khantor]

yes, i totally accept this point. Money management is the fact that keeps our funds safe. And also have some analysis to find the trend and reversal directions. This also important thing in Forex.

of price patterns which indeed you two:
1.trend,
2, the correction
and second this is happening repeatedly and this needs to be analyzed properly

[ishvara]

The first point is very good and it is a must for any trader that will succeed in forex trading. Many traders open and close trades randomly without any trading plan to back them up. That is the most serious problem in forex trading.

[realfun07]

Very nice thread and specially newbies must make a note of it.Lack of money management skills is the major factor and if ignored leads to higher losses so put Stop loss to all the trades. Also control your emotions and trade on basis of analysis.

[Ronak]

Very nice thread and specially newbies must make a note of it.Lack of money management skills is the major factor and if ignored leads to higher losses so put Stop loss to all the trades. Also control your emotions and trade on basis of analysis.

A trader who trade with time line and with risk management can achieve great lead ahead..while doing forex u just neeed to concentrate on trading style and other thing will be in ur favour

[anubhavsingh]

If I continue trading with real account without knowledge, I will continue make mistake and loss. so I decide to learn first.

real account me trading karne ke liye jab tak ap me confedence na ho aap traded nahi kar sakte
maine bahut se aise traders dekhe hai jo ki real account me thik se trade nahi kar pate aur loss me chale jate hai aur fior recover nahi kar pate
isliye foex trading me aapko experience hona bahut hi zaruri hota hai

[Ronak]

real account me trading karne ke liye jab tak ap me confedence na ho aap traded nahi kar sakte
maine bahut se aise traders dekhe hai jo ki real account me thik se trade nahi kar pate aur loss me chale jate hai aur fior recover nahi kar pate
isliye foex trading me aapko experience hona bahut hi zaruri hota hai

Forex mein self confidence hona jaruri hai...aur ye self confidence ..knowledge aur experience ke base par bantaa hai..aur confidence hone ki wajah se positive attitude se trading hoti hai aur acha result milta hai

[gosians]

Forex mein self confidence hona jaruri hai...aur ye self confidence ..knowledge aur experience ke base par bantaa hai..aur confidence hone ki wajah se positive attitude se trading hoti hai aur acha result milta hai

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.

[akshayfuriya]

omg, i believe in all these reasons ,i always talk about money management, and always say run your profits and cut your losses
i hope all the members here learn from this mistakes

[anubhavsingh]

omg, i believe in all these reasons ,i always talk about money management, and always say run your profits and cut your losses
i hope all the members here learn from this mistakes

its not only about money management
Its also about time management and proper analysis
money management is must for trading..but apart from this, we have to keep various other things in mind like time management, proper analysis, use of technical indicators etc..all these things will make your trading successful

[netra]

This 10 fault is full with me and i am not overcome this 10 mistake and i have no shame to say this and thinking why i am not still not in profit. all the fault describe above is very true when i trade and getting mysterious how its 100% true like my character of trading . anyway i am lucky that i am here in this forum and gaining so many new things and also learing.

[vikas]

yes that's what the study is ongoing in this business
many things we have learned that we succeed in this business
discipline, mm, good emotions and good strategy

[aniket]

real great tips bro, and yeah the point of high expectation's from forex is right tht new ppl entering this field think tht they will become millionares with it withou8t knowing what awaits for them in the trade and also the fact of over trading when new ppl make a few profits in one of the pair then they invest in multiple making it hard to keep up with all and then finally they collapse

[netra]

iam too. usually i repeat same mistake, i aware because i not do evaluate my trading.
now i try to make evaluate my history and make a trading journal in my note book.

[netra]

yes, i agree with you, a newbie like me also always trade with emotion..
i think now still in process to be a sucess trader. i dont want to make same mistake.

[netra]

of course, i think there is no way to get success beside our good money management and good soul.
all the way is not easy to do, we need more process to be successful trader

[akshayfuriya]

yes that's what the study is ongoing in this business
many things we have learned that we succeed in this business
discipline, mm, good emotions and good strategy

[akshayfuriya]

if we are able to control yourself, then I believe we can also discipline and patience.
Essentially we can obey the rules that we have made, so I 'm sure we can succeed.

yes that's true friend
but at least on this forum we can share experiences with other traders to become a successful trader

[akshayfuriya]

yes I agree with you
self-control and patience is the key to the success of this business
and all it takes very long to do this
and successful traders are those who can control himself
besides many other factors that support

[ketan]

i think not the same lot brother, but more of the same ratio of lot, example, use 1% margin, kept those 1 % on every trade and dont change it even when the market looks so tempting, just my 5 cent thought

[ketan]

would you brother ?
as a trader i dont want to repeat any mistake, but sometimes it just happened beyond my mind control, it has something to do with mentality

[100c�]

i think not the same lot brother, but more of the same ratio of lot, example, use 1% margin, kept those 1 % on every trade and dont change it even when the market looks so tempting, just my 5 cent thought

1% margin is not good minimum 5% margin is better. Main thing is this if you are trading with good money management and always you learn from your mistakes, one thing which is I must say please apply stop loss.

[Ronak]

of course, i think there is no way to get success beside our good money management and good soul.
all the way is not easy to do, we need more process to be successful trader

Goood money management with proper timeline is the key of sucess in forex trading..many trader make mistakes but skill trader is one who learn from the mistakes and improve their trading...

[nsawork]

1% margin is not good minimum 5% margin is better. Main thing is this if you are trading with good money management and always you learn from your mistakes, one thing which is I must say please apply stop loss.

I think it is better to use not more than the 10% margin on all the combined trades as this is the main principle of the money management.

The main idea is to preserve the trading capital and then make sure that we are able to grow the account equity in the long term scenario.

[hiren]

nice topic bro.
it help me a lot to understand and main apni mistakes bhi theak kar sakunga.
newbies k liye to ye topic mast hai.

[arihant]

Good tips bro

Main one is money management without this no one will get for long time, i lost some of my account because lack of money management plan.

[YJSP]

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.

These mistakes are always the killer to kill our account, even in some case, totally kill our capital and let us turn from a millionare to a poor in one night, so the good traders will learn a lot to change themselves not to do these things.

[nicofx]

ya money management is a very important and crucial factor that we have to use it properly.If your money management is good then you can definately become a successful trader but for that you must need skills and to develop skill you have to do hard work
I completely agree no matter how great a trader if you do not have good money management will inevitably lead to loss or MC. because very important aspect of money management in forex business.

[nikhil_rrane]

Lack of patience is most important factor which lead to loss in the forex trading. That is experianced by me most of the times. I will not wait for more time to get more profit. It is very bad thing as after sometime the pair which i have traded moves to my take profit target but at that time my position is already closed.

[nikhil]

ha isko kehte he OVERTRADING.
aur sabhi ko pata hoga ki over trading kharab he. thoda mind fresh and family ko time dena sab se accha he. jyada trade karnese dimag ka bura haal ho jate he.

[nikhil]

ha bhai sab newbie hi mistake karte he. par aap us mistake se sikho aur dobara usko mat karo isse aap aur accha trader ban payenge. aisa mistake har koi karlete he. par agar aap jante ho to aap wo phirse nehi karenge.

[patil]

शुरुआत के लिए उपाय बहुत खोलने के लिए धन प्रबंधन में गलतियों को बनाने का अवसर है, लेकिन समय बीतने के साथ बाद में पता चलता है कि यह करने के लिए महत्वपूर्ण है का पालन करना

[patil]

अब के लिए, एक साधारण योजना है कि अभी भी मेरे लिए करने के लिए मुश्किल है sl उपयोग अनुशासन है. अन्यथा व्यापार मैं अनुशासित हो जाएगा कहना सकते हैं, लेकिन एक वास्तविकता अगर बाजार के सामने, मैं अक्सर उन्हें तोड़ सकता है. मैं यह कैसे दूर करते हैं?

[SG Trader]

ya money management is a very important and crucial factor that we have to use it properly.If your money management is good then you can definately become a successful trader but for that you must need skills and to develop skill you have to do hard work

only depend on money management not qurantee we will success in forex, we still have the other point we want to success in forex. the big problem is greedy must avoid or minimized by trader, also we must have a good psychological, risk management, compounding our capital, learning something from mistake, doing evaluate ( making trading journal), etc. if we doing all that you will success in this business.

[nicofx]

only depend on money management not qurantee we will success in forex, we still have the other point we want to success in forex. the big problem is greedy must avoid or minimized by trader, also we must have a good psychological, risk management, compounding our capital, learning something from mistake, doing evaluate ( making trading journal), etc. if we doing all that you will success in this business.
it really just does not guarantee a successful money management we should also need to master the psychology of trading, disciplined and also learn from past mistakes so that we can profit consistently in the forex.

[SG Trader]

it really just does not guarantee a successful money management we should also need to master the psychology of trading, disciplined and also learn from past mistakes so that we can profit consistently in the forex.

yup as i say before is like that, but really really difficult to doing all in our trading. sometime we realize but we dont do that..
i think need a more motivation from themselves

[popatji]

The first point is very good and it is a must for any trader that will succeed in forex trading. Many traders open and close trades randomly without any trading plan to back them up. That is the most serious problem in forex trading.

[vineet]

nice share bro,..

with this 10 mistakes trader above we can now what mistakes always we do on trading so that we will never repeat in next day

[nitintripathi]

haan dost nai aapki in baaton se pura itefaaq rakhta hoon kyunki ek trader ke liye forex ki puri jankari bahut zaruri hai and sahi planning ke saath usse kaafi profit mil sakta hai money management ek sab se bada factor hai jahan insaan kafi baar chook jaate hain

[SG Trader]

Trading plan. I used to have a trading plan before but stop doing it or following any because I already memorized it. Trading plan is a good tool for every trader because it can help them to be strict and follow only their plans and not stray from it. It also keep you on your toes to avoid making many mistakes in your trades.

yeah a trading plan should be do by all trader .
we should have a plan before trading and must consist with it, so we can follow it and be succed

[voogoo]

yeah a trading plan should be do by all trader .
we should have a plan before trading and must consist with it, so we can follow it and be succed

I think every trader should have a plan before trading so that trading does have a clear direction and purpose, perhaps as an example is to have a clear target.

[aryan]

I think it is better to use not more than the 10% margin on all the combined trades as this is the main principle of the money management.

The main idea is to preserve the trading capital and then make sure that we are able to grow the account equity in the long term scenario.

[aryan]

agree with you dude. money management is a key factor to survive in forex. without proper money management every account whether big or small will certainly meet mc. so MM is the key

[chintan]

hume ek mistake karne ke bad usko imprive karna chahiye aur agar hum same mistake again and again kare to i think we should quit forex and look for some other business

[SG Trader]

agree with you dude. money management is a key factor to survive in forex. without proper money management every account whether big or small will certainly meet mc. so MM is the key

yeah, with money management we can calculate our target, we try to achieve the target. also we can calculate the risk, so we can minimize the risk in forex trading.
beside money management we also need good psychological.
it is useless, if we have good to apply money management but bad in psychology in trading.

[anubhavsingh]

hume ek mistake karne ke bad usko imprive karna chahiye aur agar hum same mistake again and again kare to i think we should quit forex and look for some other business

jo bhi trader apni galtiyo se seekh ke tardiong karega uske liye forex trading abhut hi faydemand sabit hogi
zadatar traders apni galtiya repeat karte rehte hai jis wajah se unhe loss pe loss hota jata hai aur wo kabhi bhi recover nahi kar pate
lekin forex me aapko experience ke sat hsat apni skills ko bhi sudharna chahiye

[chintan]

ha bhai ye dikta bahut easy hai par isko rokna utna hi hard hai, thode time ke bad ye apne aap sikh jayeaga, pehle main bhi big lot size used karta tha par abhi maine sikh liya hai low lot size used karna

[hetal]

ya money management is a very important and crucial factor that we have to use it properly.If your money management is good then you can definately become a successful trader but for that you must need skills and to develop skill you have to do hard work

[speedy]

agree with you dude. money management is a key factor to survive in forex. without proper money management every account whether big or small will certainly meet mc. so MM is the key

No doubt money management is very very important but to have a good money management we have to avoid opening more number of lots and trading with big lot size. For a good money management the more important quality required in a trader is patience.

[SG Trader]

No doubt money management is very very important but to have a good money management we have to avoid opening more number of lots and trading with big lot size. For a good money management the more important quality required in a trader is patience.

of course, if we has using money management in our trading, i think we will apply the good way such as using a reasonable of lot.
maybe will be better if we print out the table of money management like a profit target beside the computer screen where we do trading and so we can follow it

[popatji]

This 10 fault is full with me and i am not overcome this 10 mistake and i have no shame to say this and thinking why i am not still not in profit. all the fault describe above is very true when i trade and getting mysterious how its 100% true like my character of trading . anyway i am lucky that i am here in this forum and gaining so many new things and also learing.

[popatji]

The main thing is keeping your trading plan up to date and continuously adding and removing things from it to make it perfectly working strategy.

[SG Trader]

According to me the most traders make mistakes is greed .Greed can blow off your trading capital money and you will fell bore in forex trading and you will trade with fear.

yeah 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.

[dmambi]

Mistakes are bound to happen when we are trading , but we should start learning lessons from these mistakes. Then only we can improve ourselves is to correct our previous mistakes and keep learning new things about the Forex market.

[cumil]

The main thing is keeping your trading plan up to date and continuously adding and removing things from it to make it perfectly working strategy.

yeah this good... trading plan makes us more control in making decisions and with the trading plan we can manage the account with a nice and focused, the account can be more carefully waking if we are trading with a trading plan, so that we can minimize a mistakes...

[nuh514]

According to me the most traders make mistakes is greed .Greed can blow off your trading capital money and you will fell bore in forex trading and you will trade with fear.

Once a trader faces huge loss due to his greedy nature, in future he will always trade with fear which is also a negative point in forex trading which limits your profit. But I think fear is better than greed at all.

[newentry]

Once a trader faces huge loss due to his greedy nature, in future he will always trade with fear which is also a negative point in forex trading which limits your profit. But I think fear is better than greed at all.

there are nothing good for me, fear is bad and also greed is bad strategy,so the best way is learn forex with well and ride the emotion as well as we can, never let it harm our system
more practice is needed for this conditions

[narendra]

Well that is not a difficult thing to learn if you learn it with passion so one day you can master it and its profitable so you can make good profits.

[aryan]

Nothing is perfect. So we can just increase its efficiency to about to some extent when our profits are greater than our losses but not 100% accurate strategy which only gives profit without loss

[Jazpa]

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 agree with point no. 7. I have lost many dollars when I failed to close my position. When I had loss, I stayed long in the position thinking the trends will go in my favor and I will make profits. But in the end the trends just got worse and worse which lead me to huge loss.

[anubhavsingh]

1% margin is not good minimum 5% margin is better. Main thing is this if you are trading with good money management and always you learn from your mistakes, one thing which is I must say please apply stop loss.

money management aur time management keb ina forex me sucess paan bahut mushkil hai
har tarder ko in dono cheezo pe zarur dhyan dena hchaiaye
forex me time aur money hi sab kuch hota hai

[shah.zoor]

I have gain this experience from my own self that i am learning day by day and i am thinking that my trades are going better and better and i am now feeling little bit confident to trade good

mera bhi aesa hi haal hay , same situation like you. may bhi khud say hi seekh rha hoon , iss amal may iss tarah ki forums nay bhi bht help ki hay or phir aik sab say best baat kay bonus bhi mil jaata hay trading kay liay.

[jai]

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.

[krishan]

शुरुआत के लिए उपाय बहुत खोलने के लिए धन प्रबंधन में गलतियों को बनाने का अवसर है, लेकिन समय बीतने के साथ बाद में पता चलता है कि यह करने के लिए महत्वपूर्ण है का पालन करना

[krishan]

अब के लिए, एक साधारण योजना है कि अभी भी मेरे लिए करने के लिए मुश्किल है sl उपयोग अनुशासन है. अन्यथा व्यापार मैं अनुशासित हो जाएगा कहना सकते हैं, लेकिन एक वास्तविकता अगर बाजार के सामने, मैं अक्सर उन्हें तोड़ सकता है. मैं यह कैसे दूर करते हैं?

[amit]

stay calm friend, if you are trading with emotion then you worse off.

stay focused and be more careful in the deal, last week I also have lost money from bonus for post up to $ 63, next week hopefully I can recover funds

[akshayfuriya]

omg, i believe in all these reasons ,i always talk about money management, and always say run your profits and cut your losses
i hope all the members here learn from this mistakes

[krishan]

धैर्य की कमी के सबसे महत्वपूर्ण कारक है जो विदेशी मुद्रा व्यापार में नुकसान के लिए नेतृत्व है. यह मेरे द्वारा समय की सबसे experianced है. मैं और अधिक समय के लिए इंतजार नहीं करने के लिए और अधिक लाभ मिलेगा. यह जोड़ी है जो मैं अपने लाभ लक्ष्य ले करने के लिए कदम कारोबार किया है, लेकिन उस समय मेरी स्थिति पहले से ही बंद कर दिया है के बाद कुछ समय के रूप में बहुत ही बुरी बात है.

[chirayu]

real great tips bro, and yeah the point of high expectation's from forex is right tht new ppl entering this field think tht they will become millionares with it withou8t knowing what awaits for them in the trade and also the fact of over trading when new ppl make a few profits in one of the pair then they invest in multiple making it hard to keep up with all and then finally they collaps

[sachin]

depending on the merchant's stall to use stop this because there are traders who like to use it and some do not and all of it back to yourself each

[sachin]

whose name is lost anyway because of the loss was painful loss by doing a good money management we have the opportunity to trade more and better of course

[akshayfuriya]

to learn and continue to develop our Traffic in studying the indicators I think that there is no ending because our duty is to keep learning

[arihant]

true friend because the less we make a mistake then we get smaller when we need to make improvements to the error and speed us to understand the forex market

[dmambi]

I think a lot of mistakes traders will be undertaken to frequent loss and MC, if I often emotional and want to get rich from this business are causing me greedy and cause loss.

Yes greed and fear are the deadliest combinations leading us to Margin call. We should trade with logic not with emotions. The analysis of the market should be our basis for opening the orders not our feelings towards the pair and the money involved in it.

[miracle]

Yes greed and fear are the deadliest combinations leading us to Margin call. We should trade with logic not with emotions. The analysis of the market should be our basis for opening the orders not our feelings towards the pair and the money involved in it.

most of margin call that happen to me is because of fear and greedy. it's make us blink and don't know what to do if the market suddenly chaos. they way i prevent that to happen again by using proper money management.

[sanjeev]

फिर पैसे प्रबंधन एक बहुत ही महत्वपूर्ण और महत्वपूर्ण कारक है कि हम का उपयोग करने के लिए यह properly.If अपने पैसे प्रबंधन अच्छा है तो आप निश्चित रूप से एक सफल व्यापारी बन सकता है, लेकिन के लिए है कि आप कौशल की जरूरत है और कौशल विकसित करने के लिए आप कड़ी मेहनत करते हैं है

[sanjeev]

फिर धैर्य भी मुख्य कारक है कि लोगों के कई और कारण वे point.So लड़कों के नुकसान bmost पीड़ित न हमेशा कुछ धैर्य रखने और लाभ अपने रास्ते पर हो जाएगा है

[aryan]

i think not the same lot brother, but more of the same ratio of lot, example, use 1% margin, kept those 1 % on every trade and dont change it even when the market looks so tempting, just my 5 cent thought

[aryan]

would you brother ?
as a trader i dont want to repeat any mistake, but sometimes it just happened beyond my mind control, it has something to do with mentality

[aryan]

i have the same feeling as you brother, whether the money came from our pocket or from bonus posting we have to trade it carefully

[sanjeev]

पैसे के प्रबंधन forex.If आप पैसे के प्रबंधन में कौशल विकसित में बहुत ही महत्वपूर्ण कारक है, तो आप अपने ज्ञान को लागू करने के द्वारा लगातार लाभ कमा जाएगा

[arihant]

The main thing is keeping your trading plan up to date and continuously adding and removing things from it to make it perfectly working strategy.

[sanjeev]

फिर हमारी पिछली गलती से सीखने बहुत ourself के पैसे में लाभ कमाने के लिए शिकार में रखना चाहिए है. u उर गलतियों पर काम करते हैं और भविष्य में उस गलती को दोहराने के लिए कभी नहीं चाहिए

[weekager]

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.
woow waqai kafi he achi post app ne ki ha or en ko parrh k kafi had tak main apne loss karne ki waja ko samgh gaya hnn ye post waqai newbies k liye to bahot he importet ha es ko study kar k woh kafi had tak apni mistakes ko kabu kar saktey hane jis ki waja se un ka loss kafi kam ho ga

[chirayu]

According to me the most traders make mistakes is greed .Greed can blow off your trading capital money and you will fell bore in forex trading and you will trade with fear.

[sachin]

nice share bro,..

with this 10 mistakes trader above we can now what mistakes always we do on trading so that we will never repeat in next day

[bhanu]

Once a trader faces huge loss due to his greedy nature, in future he will always trade with fear which is also a negative point in forex trading which limits your profit. But I think fear is better than greed at all.

[arihant]

1% margin is not good minimum 5% margin is better. Main thing is this if you are trading with good money management and always you learn from your mistakes, one thing which is I must say please apply stop loss.

[bestlooser]

@ yes use as much lower margin and give you as much chance and give yourself more and more a chance than more easy you will feel. so money management is important and then emotions also need to be controlled and then use indicators or news if you can but even if you have good money management and if you can control emotions then you are fine. also at start you shoudl take some time to learn.

[hiren]

A trader who trade with time line and with risk management can achieve great lead ahead..while doing forex u just neeed to concentrate on trading style and other thing will be in ur favour

[tibasingh]

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.
main sab reasons ko parrh k or ziyada conssionse ho gaya houn kioun k taqreeban ye sab reasons mere main majood hane es liye main kafi khiyal rakhoun ga or dosra jo mere sab se buri aaadat ha jo mugh ko bhi buri lagti ha woh ye ha k main stop loss k bagher he trading karta houn main chata houn mugh ko loss par close nahe karni parrey trade bas yahi sab se barra msla h a mera

[kamla]

A trader who trade with time line and with risk management can achieve great lead ahead..while doing forex u just neeed to concentrate on trading style and other thing will be in ur favour

[aryan]

Very nice thread and specially newbies must make a note of it.Lack of money management skills is the major factor and if ignored leads to higher losses so put Stop loss to all the trades. Also control your emotions and trade on basis of analysis.

[alvabra2010]

Well said! But the problem is even after reading it we traders do the same mistakes. I would suggest traders to first work on their mistakes and then trade, that's the best investment because it would help you in your life as well as trading.

[nikhil]

These mistakes are always the killer to kill our account, even in some case, totally kill our capital and let us turn from a millionare to a poor in one night, so the good traders will learn a lot to change themselves not to do these things.

[edison]

i am a newbie the main reason why i loss my money is i dont have patience i cant wait to enter in the market correct time and when i loss , i overtrading that why i loss my money

[cumil]

i am a newbie the main reason why i loss my money is i dont have patience i cant wait to enter in the market correct time and when i loss , i overtrading that why i loss my money

it means you still have the attitude of greedy friends, you do not like that at other times, we must realize that the greedy will make our trading are not careful,

because when we are greedy we definitely want to always make trades until over trading,
because when we are greedy we definitely double the lots with the hope make a much profit , but not like that friend, we'll get the opposite ....

[anitagala124]

These mistakes are always the killer to kill our account, even in some case, totally kill our capital and let us turn from a millionare to a poor in one night, so the good traders will learn a lot to change themselves not to do these things.

[Garry]

really very good tips
we can use these tips while trading.
bad money management is looking like the biggest problem of traders.
we need good management information to be successive, profit expectations should not be too much.

[rakesh]

it really just does not guarantee a successful money management we should also need to master the psychology of trading, disciplined and also learn from past mistakes so that we can profit consistently in the forex.

[rakesh]

I completely agree no matter how great a trader if you do not have good money management will inevitably lead to loss or MC. because very important aspect of money management in forex business.

[hetal]

ha isko kehte he OVERTRADING.
aur sabhi ko pata hoga ki over trading kharab he. thoda mind fresh and family ko time dena sab se accha he. jyada trade karnese dimag ka bura haal ho jate he.

[hetal]

ha bhai sab newbie hi mistake karte he. par aap us mistake se sikho aur dobara usko mat karo isse aap aur accha trader ban payenge. aisa mistake har koi karlete he. par agar aap jante ho to aap wo phirse nehi karenge.

[nikhil_rrane]

Most worse mistake done by the new traders is that they just go to deposit real money in their forex account. But after depositing the money they try to make more and more profits from that amount. While doing so they place many trades so the balance may get margin call due to the volatility of the market and they lose whole amount.

[bakhtnaseeb]

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.
waqai he app ne kafi achi post ki ha ye newbies ko kafi help de gi forex trading ko samghne ki wese main bhi newbies ko ek mashwera doun ga k woh ager forex trading main kamyab hona chatey hane to phr un ko chiye k woh apne emotions or greed ko control karen es taran woh kamyab ho saktey hane forex trading main

[nikhil_rrane]

Most of the trader first enter in the forex market without knowing any knowledge of the forex trading it is bad but after entering they try to get more profits and while doing so they place many trade it is the worse things they are doing while trading that things must have to avoided.

[zdaina]

hi, that's what i need some good advices .i agree with sir the forex market need dicipline and concentration and good call . thank for all this and good luck for all of us. it's good to find someone who advice me . because i am new in the market.

[donofforex]

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.

ooooof itni lambi post thi par ek bat ha ye ha bahot he ahm post kioun k ager koi bhi newbie ya experince trader es ko sahi taran se study kar k es ko apne zahen main bitha le to mere khiyal main to us ko loss nahi ho ga ya ho ga bhi to itna nahi ho jitna es post ko perhene se pehele hota mere to ye rahye ha app log pata nahi kiya kahtey ho

[balakalimuthu]

Very much useful and informative thread. Being a beginner, learning is my first goal and stopped in your thread and learned a lot. Keeping those golden rule in mind while trading is essential to follow them and get into success. Thanks a lot for sharing these rules and your time...

[hetal]

money management aur time management keb ina forex me sucess paan bahut mushkil hai
har tarder ko in dono cheezo pe zarur dhyan dena hchaiaye
forex me time aur money hi sab kuch hota hai

[Night Dreamz]

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

Yes You Right ..Proper Money management Honi chaiya For trading

[rohi]

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.

good tips for new traders, mery hisab se kuch mistakes ya be hoti han ke take profit ki option na use karna aur technical analysis ko thaik se understand na kr pana bcz wo analysis technical language ma likha hota ha.so be careful when you read study any analysis

[Rhushikesh]

This thread is very nice for the newcomers. We can improve our mistakes and can be well known before doing it.

[THE ACE]

mine is lack of patience and discipline . i can't wait so long that's why i close my trades only at a little profit . to overcome this mistake i stated using stop loss and take profit . this the way i m still trading in Forex . but sometimes i also expect high profit and losses because of that. i m collecting experience and there will be a day when i will be out of these mistakes.

[hetal]

ya right bhai . me too i lost so many accounts too with out having money management .this is the main thing in forex to survive , aur eek baath mini account sai kuch nai hota , we must have at least 100 usd to start and trade . so ispai money management apply karkai we can trade easily

[aniket]

main sab reasons ko parrh k or ziyada conssionse ho gaya houn kioun k taqreeban ye sab reasons mere main majood hane es liye main kafi khiyal rakhoun ga or dosra jo mere sab se buri aaadat ha jo mugh ko bhi buri lagti ha woh ye ha k main stop loss k bagher he trading karta houn main chata houn mugh ko loss par close nahe karni parrey trade bas yahi sab se barra msla h a mera

[vikas]

woow waqai kafi he achi post app ne ki ha or en ko parrh k kafi had tak main apne loss karne ki waja ko samgh gaya hnn ye post waqai newbies k liye to bahot he importet ha es ko study kar k woh kafi had tak apni mistakes ko kabu kar saktey hane jis ki waja se un ka loss kafi kam ho ga

[ketan]

I think it is better to use not more than the 10% margin on all the combined trades as this is the main principle of the money management.

[vikas]

7. Letting losing positions ride too long.
this is the most common mistakes happen to new traders i think. hoping the price will get back the way we want can makes us loosing our discipline in runing our rules. once we're not discipline, we're not being a logic anymore. Always use SL to avoid this to happen.

[THE ACE]

my common mistake is expecting too much , whenever i m already getting a handsome profit. i don't have right trading plan so that i fail to reduce risks and get huge losses. i also fail to wait, i have lack of patience, i can't wait for profit and close my trades in between their way, after that i regret my trading.

[vikas]

most of margin call that happen to me is because of fear and greedy. it's make us blink and don't know what to do if the market suddenly chaos. they way i prevent that to happen again by using proper money management.

[nikam]

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

[yogesh]

I experienced that biggest mistakes we do are adding more and more to losing position, trading opposite to trend, not figuring out the range before entering trade and not using stop loss, using too high leverage.

[dmambi]

I experienced that biggest mistakes we do are adding more and more to losing position, trading opposite to trend, not figuring out the range before entering trade and not using stop loss, using too high leverage.

One should understand the trend and trade accordingly, as you said we often end up struggling to close the loosing trades but cut short the winning trades with the fear of loosing the profit. So if we keep those greed and fear we will be surely profitable.

[furiya]

it is the system used by many master trader.
so I think the system is very profitable. we just need to get used to using it.
all the existing process, and the better we can enjoy it.

[nikam]

you are right, as is often delivered by a master trader:

before we become a money monster , we must become masters of self first.

[furiya]

but it never hurts to read that there are many other systems in this forum.
who knows there are indicators that could support the system you use.
but remember, never change the system, that's the point.

[nikam]

if we are able to control yourself, then I believe we can also discipline and patience.
Essentially we can obey the rules that we have made, so I 'm sure we can succeed.

[nikam]

if you have the patience to wait for prices to the area right snr,
then you can generate a maximum profit with minimal risk,
I 'm studying them now.
how about you?

[jadhav]

there are nothing good for me, fear is bad and also greed is bad strategy,so the best way is learn forex with well and ride the emotion as well as we can, never let it harm our system
more practice is needed for this conditions

[jadhav]

I agree with point no. 7. I have lost many dollars when I failed to close my position. When I had loss, I stayed long in the position thinking the trends will go in my favor and I will make profits. But in the end the trends just got worse and worse which lead me to huge loss.

[jadhav]

In forex trading opening too many market pairs at one
time is a mistake which leads to you racking up losses. If
trading losses are piling up, it is
time to cut back on trading, even
though there is the temptation to
make more trades.

[nikam]

nice topic bro.
it help me a lot to understand and main apni mistakes bhi theak kar sakunga.
newbies k liye to ye topic mast hai.

[shinde]

Goood money management with proper timeline is the key of sucess in forex trading..many trader make mistakes but skill trader is one who learn from the mistakes and improve their trading...

[anubhavsingh]

Goood money management with proper timeline is the key of sucess in forex trading..many trader make mistakes but skill trader is one who learn from the mistakes and improve their trading...

me aapki baat se sehmat hon bhai..bina money management ke koi bhi tarder forex se paisa nahi kaam sakta..chahe uske pas jitni marzi equity ho..agar money management thik nahi hoga to usse loss hi loss hoga..har tarder ko ye baat seekhni chahaiye

[lax]

Lack of patience is most important factor which lead to loss in the forex trading. That is experianced by me most of the times. I will not wait for more time to get more profit. It is very bad thing as after sometime the pair which i have traded moves to my take profit target but at that time my position is already closed.

[shinde]

Most of the trader first enter in the forex market without knowing any knowledge of the forex trading it is bad but after entering they try to get more profits and while doing so they place many trade it is the worse things they are doing while trading that things must have to avoided.

[shinde]

Most worse mistake done by the new traders is that they just go to deposit real money in their forex account. But after depositing the money they try to make more and more profits from that amount. While doing so they place many trades so the balance may get margin call due to the volatility of the market and they lose whole amount.

[muhammadatif]

I am new trader so I want to say you thanks due to share your valuable knowledge with us because as new trader I have learnt many points which are help me to become a good trader I will follow those points during real trading in future.

[tajdarbet]

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.
hnn waqai he kafi achi post ki ha app ne main to waqai he es se kafi mutase howa houn es ko parrh kar mere knowledge main kafi izafa howa ha es k elwa ager koi bhi newbie en ghaltoun par control kar le to phr waqai he woh successful trader ban sakta ha

[lax]

I think it is better to use not more than the 10% margin on all the combined trades as this is the main principle of the money management.

The main idea is to preserve the trading capital and then make sure that we are able to grow the account equity in the long term scenario.

[anubhavsingh]

I think it is better to use not more than the 10% margin on all the combined trades as this is the main principle of the money management.

The main idea is to preserve the trading capital and then make sure that we are able to grow the account equity in the long term scenario.

money management ka sabse zaruri iadea yahi hota hai ki kisi na kisi tarah se apne account balance ko maintain karke rakhna aur margin call se bachna..
traders money management ke alag alag nuske aazmate hai..meri koshish ye rehti hai ki meri total investment ka 25% se zada kabhi bhi trading me na lage aur jitna bhi trading me laga hota hai usme me stop loss ka use zarur karta hon

[ermaniso2011]

these mentioned advises are not only for newbies but for every trader.almost the most important things that all the traders have to know.l pick the money management since forex is all about money.as long as we can keep our capital safe we will still have some opportunities to success but one it is gone that the same circle will repeat .deposit loose,deposit loose :)

[forexman]

i have reduced some them but still i am facing problem of over trading to get high returns in short time but the result was getting my account to margin call but from now onwards i dont wanna repeat this mistake again

[sangam]

not like that they deposit small amount and loss suddenly this is most doing mistake

If we are trading with little or no knowledge and then we are thinking that we are going to make the profits then it is the biggest mistake that we are actually doing. We have to remain careful and also know that not all the times profits can be made.

[shareem]

These mistakes are always the killer to kill our account, even in some case, totally kill our capital and let us turn from a millionare to a poor in one night, so the good traders will learn a lot to change themselves not to do these things.

[dmambi]

Little knowledge or incomplete knowledge is just equal to knowing nothing so a trader must make sure he trades after gaining proper knowledge and analysis and then trade after some time.

i think there is no end for learning in Forex trading. Hence i feel waiting for perfection is of no use here. One should start with smallest lot order possible and trade with low leverage thereby making small profits and also learning the trading by experience.

[naik]

Trading plan is a very important part of forex and if a trader in the business ignores it, then it is obvious that they will fail. In every trade that we open and close, planning must be attached to it.

[atif58]

Trading plan, patience and money management are the keys of success in Forex. And expectations and emotions are the enemy of success. Every newbie should have these points in his mind for a successful trading.

[manoj]

ya very true a trader must be careful while trading because also you are getting bonus from this forum , you should not waste it . because this forum is not giving you the bonus for wasting they are giving money for earning profit from trading

[hindlekar]

ya learning from our previous mistake is very must to keep ourself in the hunt for earning profit in money. u must work on ur mistakes and should never repeat that mistake in future

[kastur]

money management is very crucial factor in the forex.If you developed skills in money management then you will earn consistent profit by applying your knowledge

[borle]

Goood money management with proper timeline is the key of sucess in forex trading..many trader make mistakes but skill trader is one who learn from the mistakes and improve their trading...

[Morshedul]

Great tips brother. As a new member in forex trading, this will help me alot to trade easily. Since i am a new member, i have obviously done lots of mistakes. By reading this tips will help me to get rid from this mistakes. I am pretty much aware now and hopefully trade with a new target and earn profit quickly. Again thanks for sharing such kind of thinks.

[issamlitim]

one of the mistake that the trader make is to stop and close the deal if it has got loss of 7 pip or less and make an opposite order many time and the trader will lose 100 pip on just 15 pip movement.

[forexman]

i have even repeated 7th time the same mistake i.e i made $10 as $20 in oneday but i did not close the psoition and finally i have faced margin and i am everytime trying to not to do such thing but i am repeating the same

[issamlitim]

try to double the capital every time is one reason that make the traders lose money in forex many trader double money or capital but they do not withdraw profit and lose it all.

[zoomfire]

i have even repeated 7th time the same mistake i.e i made $10 as $20 in oneday but i did not close the psoition and finally i have faced margin and i am everytime trying to not to do such thing but i am repeating the same

yes,even i have made these kind of mistakes often.But i have always thought that my price will attain the TP ,but it wont and finally it will land me in loss.
so when the trade is running in profit and there seems reversal of trend,then simply close it.

[sonia]

right you are. but the mistake that hamper a trader most is risk/money management. if the trader did other mistakes but did a good money management, they will not suffer that much.happy trading

[SG Trader]

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.

[alam]

I think the most common mistakes people do is not disciplined by a trading plan that is owned, can not control emotions, often make the same mistake, etc., should we be learning from those mistakes so that next trading better.
good luck

[alam]

maybe if I was the most common mistakes are my emotions, wanting to get rich quick, no discipline with a trading plan, etc.. so i often loss and MC, but I continue to learn from those mistakes.

[mini]

traders make always the same mistake that make them loss the capital inforex without gain the profit in forex capital in risk hwoever we do so we have to take max profit before we get margin call.

[alam]

mine is lack of patience and discipline . i can't wait so long that's why i close my trades only at a little profit . to overcome this mistake i stated using stop loss and take profit . this the way i m still trading in Forex . but sometimes i also expect high profit and losses because of that. i m collecting experience and there will be a day when i will be out of these mistakes.

[arihant]

i have the same feeling as you brother, whether the money came from our pocket or from bonus posting we have to trade it carefully

[arihant]

would you brother ?
as a trader i dont want to repeat any mistake, but sometimes it just happened beyond my mind control, it has something to do with mentality

[arihant]

i think not the same lot brother, but more of the same ratio of lot, example, use 1% margin, kept those 1 % on every trade and dont change it even when the market looks so tempting, just my 5 cent thought

[gala]

main sab reasons ko parrh k or ziyada conssionse ho gaya houn kioun k taqreeban ye sab reasons mere main majood hane es liye main kafi khiyal rakhoun ga or dosra jo mere sab se buri aaadat ha jo mugh ko bhi buri lagti ha woh ye ha k main stop loss k bagher he trading karta houn main chata houn mugh ko loss par close nahe karni parrey trade bas yahi sab se barra msla h a mera

[alam]

Making such a trade is not a problem, Yesterday, I turned $11 in my small account to $26 and immediately, I withdraw the profit of $15. I traded the news effect and I set a TP for the trade. The best way to trade when you take a high risk is to use a realistic take profit.

[pooja]

there are nothing good for me, fear is bad and also greed is bad strategy,so the best way is learn forex with well and ride the emotion as well as we can, never let it harm our system
more practice is needed for this conditions

[shinde]

In the forex trading we are enemy of ourself if we do not follow the golden rules of the trading. It is responsible for the loss. So it is not good to blame the forex market or anyone for that loss. Just keep in mind that you have to trade according to the rules otherwise it will be very difficult to make gain from forex.