Good Qusestion for all new traders.keyu k jab be hum new trading start karty hein toh humen chahye hein k hum mistakes sy bilkul aviode karye jitna ho pein zayda sy zayda information ko pehly he collect krna chahye hein tak humen baad main koie be problem ko fae nahe karey.
Mistakes are always a mistake for newcomers or old traders. Lots of good trade but also bad. I don't think we should use mufti-trading at the same time because it's confusing and over-loss. I think we have to wait for the final destination with a single trade. If you play multiple trades, you don't get your profit. and opening so many positions requires so much equity, maybe our equity will not be able to hold minus, we must prepare good equity to anticipate the opposite, with good equity we can open hedging entries to lock our losses or minus.
sometimes we trade like pilots who carry flights to a destination, pilots must know where the volume of fuel is if they rarely travel 1,000 miles to spend how much fuel and how, if at any time there is a disruption to the flight for example the first plane to return to the place of departure for fuel is enough? and also trade if our fuel is $ 500. thank you
Opening too many orders is not the right way to trade. Most beginners have a small capital of around $ 100. They use lot sizes that are good in their trade and when they have open orders and lose they see other opportunities and place other orders on other pairs. This is the wrong way to trade, this will kill their margins, will cause them problems if this order also leads to losses. They will have difficulty focusing all orders compared to monitoring only one order.
Who are the beginner in the forex market. They have to follow some rules or to avoid some rules. otherwise he or she fall in loss.Who are the only new comer in the forex market they have to study about the forex market.
what is said is true, sometimes we are trading like a pilot who took a flight to a destination, a pilot must know where the fuel volume if it is rarely traveled 1000 miles to spend how much fuel and how, if at any time of the disturbance on a flight for example The first aircraft should return to the place of departure is enough fuel? as well as trading if our fuel $ 500 with a leverage of 1:500 is not possible to open 10 positions each trading with 1 lot, because our fuel in this case the capital will not be enough even before reaching the SL might be touched we've run out of capital because of the large margin that should be borne not in accordance with available capital, if such a plane would have crashed due to fuel shortages, trading will be automatic because terclose mARGIN CALL for it if only ten percent of the fuel, although we are still very much affected by SL and we can continue trading until the next to benefit our capital back
Yes dear you are right. I like to show some important issues. If someone adheres to money management strictly in a transaction it will certainly be very easy to manage themselves from opening a large number of trades. According to money management, a trader cannot open any trade through more than 2% risk. So a trader really needs to open lots of trades together using a maximum risk taking of 2%.
After we are honest in several locations and use the united states in total pairs to trade than most new operators will survive to filter trade. I think we have to verify the steps at all pauses. Traders must be very aware of their state of mind directly considering leaving the trade. I even attached a court study to facilitate us needing to be more honest at all times in the position of the age to facilitate creating problems on behalf of traders in stages and direct results were only a loss.
Trading a demo account is very necessary for every trade and beginner. Demo accounts are very good for us for learning perspectives. We can create our own stretegy using a demo account so if we use a demo account at the beginning so we can easily get money from a forex account and the demo is practice and learning that is good enough for everyone. and I am not a very long trader and I am not a very new trader I am not a full-fledged expert trader and I am not a fully trained trader on the forex trading platform so I have something that knows about trading but is not complete but I am not a freelance trader on the trading site foreign currency.
Yes you are right and i also want to suggest for beginner that they should to avoid mistakes and should focus only on their trade because this will be prove helpful and may be you do not face more losses for starting of your real trading .So if you want to become successful and want to avoid losses then you should first do practice on demo trading account because demo trading account is very good thing.