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yes you are right.Some trader trade on demo and after some winning trades they start trading the live trading with real money and lose all the money due to their mistakes that they does not practice on demo account seriously and does not trade with strategy and have not thought about their lossing trades
Good effort for all traders those have limited knowledge about trading faults and mistakes .Your disscussion is very clear about all the facts of forex trading .Here, I want to explain some further mistakes which are commonly used .Some new traders invest in bulk quantity and some trade with lack of investment .Some traders do not pay attention on the comments and status of experienced traders .Some traders always think about the profit .Some traders invest without noticing the market movement .Some traders think always think about the luck .Some newbies write comments with spelling errors .At last all these mistakes compel them to close their trading .
indeed most traders Nubi on experience like that. My example, many are suggesting to use the demo once a month, it pretty clever, new use real money. But it would not, because in the demo there is no "taste". With only a high morale capital (in which there is greed and revenge), just trading. I try to give advice to a friend, so the demo first though not like me, but do not want to, then if money is no direct trading.
Essentially, the system not find any trading trading system do not try, not unusual ride motorcycles do not try to ride motorcycles, not unusual in a car do not try it in the car ... so learning to ride a bike first course
Many people loss is greater than the natural , but they are also the same: do not quit and keep learning
There is a saying: Winner Quitter never never Quit and Win.
So, in my opinion anyway been right, does not want to quit just wait for the time to be a winner.
It is not that toughened traders do not create mistakes but those are thin and those naif are tried to do mistakes and so they lose oft, the advised content would be to eldest get sufficiency change before swing your unpadded attained money to occupation.
Beginners means a new to one particular thing, when you are new one area of endvour hid for an advice don't do it in your own way it fail you. Look for a mentor to achieve your goal.Quote:
Originally Posted by haseeb
need to have decent amount of capital because a good business can be built from a good capital. Avoid emotions to be included while trading because they will only lead to lossesQuote:
Originally Posted by DAVID RICHARD
It is very important to avoid mistake for beginners.if you have a mistake you can banned from the administrator.So for no mistake you can learn about forex from internet,by creating a demo accountor take a training on forex tradig.
every effort, much the beginning definitely ups and downs. rich learning first bike, would often fall khan. After a long time certainly proficient, could even loose the steering wheel all the