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The purchasing or selling decisions of traders are often influenced by psychological issues. Not all traders are rationally thinking in each transaction they make and you will be able to use this knowledge to your benefit. That way, you'll be able to easily decide when to enter or exit.
Yes , I have even Observed that new traders mainly focus on trading, instead of learning and knowing the basic rules, and even they do not want spend unnecessary time on demo practice.
I believe by learning some books and by demo practice it would create more interest and it help you to become expertise in Forex. Never ever loose your hope if you lose some money at initial days and try to learn from your mistake.
Many mistakes are born with our wrong analysis and predication, so it is one of the most possible cause of traders losses in Forex trading. Sometime the time selection is proved biggest mistake of trader and it crush down the trader profit level.
yeah these are some common mistakes everyone done in the forex market if we do not want to suffer loss in the forex market the we need to control on these mistakes and also we need to mange our money well in the forex market and always we need to follow the indicators,
new traders k liye yeh mistakes common hain. unhy in sab mistakes ko nazar main rakh kar trading karna chhaye. aur in se avoid karna chahye. ta'k woh apna capital lost na kary aur apni investment safe rakhy.
In the forex trading business we have to avoid being greedy greedy attitude is a mistake for a forex trader accordingly you can success in forex first avoid trading mistake till This lovely idea should be that there are a lot followed but the day traders have very different mindset while they trade like Without technical analysis you will be not be a trading rather than After removing mistake you can realize that is it importan
Having a trading plan is very much essential in the forex trading field otherwise we can get no where in this highly risky market. Thus, i would suggest that its always best to have small and reasonable target. Most of us have to just plan it out to be financially free, it doesnt actually require for us to make huge money. Its the money management which is important.
there is several common mistakes we are doing each and every day like over trading and high risk of trading with high volume .lack of knowledge and experience can sink our career too quickly .repeated mistakes happen with us and we can;t control ourselves form that .
Forex Trading in a high percentage of traders begin to search for the best system serve as the magic key their own and that will bring them millions. There are not many people who are willing to stand up and tell these traders who will not listen to them anyway that no matter how wonderful the system, they most likely will lose at most.
I teach a lot of people about Forex Trading in recent years, and especially how to trade on the movement of the price. Some traders who are talking to them they were able to convert the accounts of small to large accounts at a glance of an eye, and others have suffered in order to get out without a loss for the duration of their trading.
How can two people have received the same instructions and use the same tools to get dramatically different results? The two traders using the same charts and the same timeframes and both have the same lifting capacity, deliberative, etc. ... How can someone win and the other exposed to the loss?
Which distinguishes these two Almtdaolan is "rolling, which is profit driven, thinks differently." And turn these ideas into a different behavior, which in turn is due to the different results when rolling Forex Trading.
And thus the next question is how to think in a different way these two people? Successful traders are turning to the market from a different perspective, where they see the market as a vehicle to make a profit, and they are aware of the following:
- In forex trading, market neutral and will not trade in favor of or against rolling.
- The market does not seek revenge from any one.
- Prices rise or fall simply because there is another trader has to pay up or down, and not because of the news or external factors. News does not drive prices to rise, but it may change from the perspective of traders on what should happen and you pay it rolling to carry out trading in turn lead to rising or falling market, but in the event of a big thing in the news, the only reason to change prices is that there is trading of using prices as part of their analysis of trading.
- In forex trading, everyone will be exposed to a loss, and the loss is considered an unavoidable part of trading.
- The market does not seek to delight traders or make them feel better sense, trading for the feelings of excitement or instigation of traders is a gamble.
i think not a similar great deal brother, and of a similar ratio of great deal, instance, use 1% margin, kept these 1 Percent on each trade and do not alter it even once the market appearance thus tempting, simply my 5 cent believedQuote:
Originally Posted by fravash