yes i agree with you that it is very much important to be putting stop loss and i think that we should be very much focused and also we will be needing to be have a good practice on demo account of putting stop loss while trading
yes i agree with you that it is very much important to be putting stop loss and i think that we should be very much focused and also we will be needing to be have a good practice on demo account of putting stop loss while trading
I think error should prevent by starter is placing their actual hard-earn cash at share in the starting of their trip in this business. They should try to discover a cost-free way to understand the string.
i thik...true what you say, mistakes a beginner should as much as possible to be avoided. especially the emotion and greed. to study the problem of trading fore it will be able to minimize the losses that will occur. by doing step by step forex trading, so a beginner can avoid failure in the trading is done.Quote:
Originally Posted by hamza12
I conjointly consent with the post, that the terribly dangerous and sleeveless strategy is gap trade while not taking time to observation the chart clearly, what it expresses, and what's the flow of market movement. to avoid the loss or falling in mercantilism the merely thanks to use STOP LOSS in every trade.
Most of the new traders try to trade multiple time and while doing so they do not recognise that they can lose their balance easily by giving the spread so it is always better to take single trade and wait on it for the long time to create good profit from that trade.
i see many beginners try to do real trading without having proper practice in real demo trading, then they will fail in real account and they will not improve their disciplines. cannot exactly say for the beginners that they should practice an exact time. i think they should practice until they see profit..
yes you are correct, the thing most new traders do is that they tend to open thier trading accout without place an order to take profit or stoploss even if the market was a win one for them since they did not put a take profit the market might reverse and they tend to loss every thing they have work for at that moment
well this is important listen carefully this is very fluctuated market so you should be careful you are wellcome ,My first advice is; the trading is not an easy task and can be dangerous to your finances if you are not experienced, plan to open a demo account to train, before starting on real . GL
there are many mistake or wrong decision that are taken by the new traders .most of traders don't use any stop loss in their early stage , i think it's a very common mistake of new traders ... some time new traders want profit in very short time it's also a common mistake .
Novice always make several mistakes, but it is considered normal due to lack of experience and learning, and is the ability to manage orders of the most important on the novice to learn to master trading and completions in this area with minimum losses