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Trade baskets are really dangerous and even your experienced open up many positions even with a small lot can really hit
you when the market is against you big on any given day. Concentrating on one or two pairs is the key to success
and when the market moves most of the time 80% of the usd currency moves in one direction
and it should be good enough for you to get a profitable strategy on some trades
and spouse you watch otherwise you will get yourself in trouble if you still
do not understand the logic that to make money positions and many things do not matter.
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well I do not think there is a serious double problem that we open too many positions and target many couples at any given time
and when you use the same approach for a certain period of time then you should be less consistent because you have not defined your trading plan yet.
You have to do something to learn some techniques that you have
to target a single pair at any given time and not too much risk on a single trade.
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The beginners should try to avoid from mistakes because mistakes leads to loss and loss isn't good for a Forex trader. Opening too many positions is also not a good strategy for trader but of you have sense that you opened these positions according to a proper strategy and you know the consequences then its fine. But you should always try to be careful in the Forex trading market, If you want to do something in the Forex trading market.
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g haan jnb g ap ney sahi kha hai meny Kafi trader ko dekhya hai jo mehnat bho karty jinhey analysis wagera nhi atey wo market watch kiya bgair ho ak trade buy or ask trade sell karty hai our samjhty hain keh dino mey profit hoga likan inka account hi wash hojata hai aesi trader keh liye bhi strategy hogi hai jnb
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Yes you are right....ziada positions hamen confusion me b dal deti hain or ham unhain Handle nai kar paty hain.Is k ilaw ziada orders waly accounts pr trading karne se fear k emotions b paida hoty hai k mazeed loss na ho jaey.IS lie hamensh Sl,Tp lagen or apne account ko fresh rakhen or aik target bna kar trading karn k itne profit k bad trade close kar den gy.etc. Is trahan ap big losses se b safe rah sakty hain.
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beginner traders usually just doin gsam emistake over and over In the cockpit of fighters we can easily handle more positions because when we open more than one position .. your trade and never disperse with many trades .. you can die - like a Forex traders. we can continue trading until the next to benefit from our capital back. If we learn some tools about trade management then we can easily deal with our mistakes because when we open more than one position and use more pairs to trade than most new traders fail to regulate trade. I think we have to take step by step to make a success in the trading market.
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I think if we learn some tools about trading management than we can easily handle more positions because when we open more than one position and use more pairs to trade than most new traders still fail to manage trades. I think we have to move step by step. mistakes are very common in forex trading, beginners are often wrong, mistakes can be solved once, when a trader trades (actually a beginner) he does not know he is doing right or wrong, more trade and analysis makes perfect, so do not worry do trade and study with trading.
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If we learn some tools about trade management than we can easily handle more positions. Because when we open more than one position and use more partners for trading than most new traders still fail to manage trading. I think we have to move step by step. The best trading hours depend on which currency pair you are trading. For example, wait for London market to open if you trade GBP / USD pair. Avoid taking positions in forex trading, or in any investment, which makes you very leveraged. Being leveraged means you have to borrow money to cover the initial cost of the investment. It would be useful to use leverage to get into an investment if you have enough income to cover the debt. But if you do not, you risk bankruptcy if the investment fails to run.
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jo forex business mai new hai likan wo zada trades open krtay hai tou es ka multab hai k wo forex business mai over trading krta hai. des lye swo forex business mai kamyabi naghi hasil kr sakta. es lye forex business mai kamyabi kay lye zaroori hai k over trading ko control krnay say kamyabi hasil kr sakta hai.
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It is very important to keep enough usable margin to cover potential losses and to avoid a margin call. If the open positions are losing for an amount that exceeds the usable margin, the broker will proceed to a margin call (or stop out) by automatically closing all positions one by one starting with the most loser.:)