Mistakes to avoid for beginners / Lack of Discipline.

he re in the forex business if you want to make here perfect trader because you know this thing the demo is the first trading account where we make the mistakes and learn the better from this mistakes and the mistakes are the best for the beginner

in the beginning everyone do not have a experience so he or she cannot make a good choice so a beginner should avoid these things according to me.
he should keep himself away from emotions
he should not do over trading
he should not avoid the trends.

mistakes of our trading must have to be realize first , but some of traders do not give attention on this , and lack of discipline is the most repeated mistake that newbie traders make, if we make disciplined ad planned trading then we can over come our forex losses.

Now a days numerous fill are talking nearly the disciplined but i did not experience any thinking or communicating yet which show the actuality that how to have the discipline and any times it turn tough because seniors did not distribute their success stories. If seniors do this than forex turn soon soft for us.

when someone having good idea about Forex market and prepare before start they having the education about discipline and money management both things are very much important for a trader.without knowing this most of the beginner fail in Forex most of the time

I did not find any thread or post yet which define the reality that how to maintain the disciplan, but practically unless we suffer from them we won't be able to do it. Having a good knowledge about money management helps in deciding how much. Lacking of discipline by no means accepted in forex trading. Any indiscipline and against formula is occur here loss becomes unavoidable.

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Originally Posted by kashifrehman

Now a days many people are talking about the diciplan but i did not find any thread or post yet which define the reality that how to maintain the disciplan and some times it become difficult because seniors did not share their success stories. If seniors do this than forex become more easy for us.

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Forex depends a lot more on cautious observation of activities bordering nations that might affect their exchange rate.

---------- Post added at 04:26 PM ---------- Previous post was at 04:26 PM ----------

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Originally Posted by fxlover

disciplined is the main key of successful life. but newbie can not trade with disciplined from the first time. they made some mistake and fall in loss when they trade for first time. ****ually they understand how to trade and how to be disciplined.

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Discovering a forex affiliate program you could have confidence in signifies comprehension conditions and circumstances arranged. Read everything you could just before joining and demand a written contract to obtain payments.

i do agree with you and

practice on a starategy
dont try to know alot of strategies
learn how to manage ur money
put ur stop loss before the take profit point

dont forget to learn the basic analysis and dont depend alot on the indicators

never make decision is a hurry this is the biggest mistake that forex traders make when they start the work. take your time and decide after full analysis.

There are many errors that should be prevented by beginners while beginning Currency dealing, but essentially unless we experience from them we won't be able to do it. The class discovered by errors is value of it unless we experience little loss with little lot purchases.
Newbies should never business with huge lot with huge benefit anticipations without the detailed information of this industry.