Mistakes to avoid for beginners / Opening too many positions.
hello...yes they should to know what is the best action for their trading, they have to know how much the risk will be accepted. we should be able to read how many pips average daily movement in one direction then it would be better to avoid Los or MC.thanks
yes i agree with you every new beginners should avoid to these mistake during trading we should use demo account before real trading and then start trade in our account then we can be safe to a big loss in our account and then we can take a lot of pips from Forex business at low risk factor.
yes for biginers opening a lmany tades they think taht one tade is going to avoide other tades lost but the information taht they miss to know is that the moe tades the moe chances to lose moe if you dont loss it all already so we should open few traades with many alanystic
for beginner i advise to avoid opening many orders so as to focus only on your trade..jo biggenners hote hain unke pass forex or forex trading k bare main knowledge nehi hota hain lekin o phir bhi trade karte hain
We should not have too many open trades when we are new as this may result in a big loss. I initially had made this mistake for which I regret till now but it is hard to stop yourself from making too many trades. I keep 2-3 open positions as of now and only buy 1 lot.
So if you have mastered all the possible ways to analyze the market and become able to do accurate predictions of the behavior of the forex market in the future, you however may not be able to earn any money without following a sound strategy for the management of capital .adarh capital in Forex (as in the other of financial markets) is a complex set of rules that the rolling developed in order to fit the style of his business and the amount of money allocated by the trade .adarh capital plays an important role in achieving profits in the forex market; therefore do not reduce their value. For more information on capital management
Yeh baat harr expert bolta hain ki ek waqt ek trade karein. Aur wohi experts baadmein bolte hain ki never put all eggs in one basket. Hamesha ek balanced portfolio maintain karein. Abb aap hi batao, agar ek hi aadmi dono baatein karega toh wo khud successful expert bann jayega lekin hum jaise sunne waale traders ke toh raaste lag jayenge naa.
So many beginners who dont learn well at the first time, but trade on real trading without proper knowledge and experiences. It makes their trading become not effective, but makes so many trades at the same time. In one time, they will not have enough margin to maintains all the open positions and makes them get margin call.
Indeed we agree along with u, relating to beginner we manual avoiding opening many demands on a good try to focus just upon the business and do not distribute yourself simply by many trades, this particular will end up being very useful and may actually scale back a lot more loss with regard to u along with begin away of the actual accurate investing.
You are right . Forex trading business is very risky business and In Forex business you can lost all your trading capital just for your simple mistake . So always try to learn from mistake and if your can ignore your little mistake then you can be a successful Forex trader .Quote:
Originally Posted by deep thought