Mistakes to avoid for beginners / Opening too many positions.

Anything like this is often happen for beginners, trader they think so easy capture profits in forex this if use many position and not thought how with force capital. Surely, we should alert to this happening again by all trader. Discipline becomes main capital for traders.

Yes always i have a plan B
i am not invest my all money in forex in a time i save 50 % of my money use in plan b
When i loss my all capital and i have no other way to earn .
I am use plan b and i am invest my 50 % of capital again in forex and try to do best trade and make good money.
when i use plan B i am try to take good profit and not go for loss.

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Originally Posted by deep thought

Pilots call it fighting "fire helmet." This is a situation where too many things are happening around you, preventing you to react properly and creating a situation of intense stress. In the cockpit of a fighter, you can die - as a Forex trader, you are definitely going to die but you'll end up on the straw. Never open more positions than necessary, otherwise you will not be able to respond correctly.

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You are absolutely right, if a trader open more order at a time then it not maximize his profit maximum time it create more risk. If a trader may success in forex then he must be open single position in a time.

actually thats true. i mean, you can open more than one trade, but do not open more than one position. never.. you will get more and more confused about what to do when the price will just hang between those two. and also, it is gambling.

opening to many position or trade when you dont have enough capital in your trading account will only expose your account to loss if you place the wrong trade and the trend didnt go to your position

All the beginners are familiar with a very common word mistake.New traders often click on buy or sell by mistake or use big lot size in place of small by mistake.For example 10 lot size in place of 1 or .01.So finally they make a huge loss and make their account zero.The another cause of losing is opening more positions at a time to make a group of profit.They want to get more profit within a short period by opening more positions.When all the positions are in a loss, they loss their whole capital.This is very common figure in Forex market.So my tips is don't open more than 1 position at a time.Concentrate on trading to prevent mistake.

if we learn some tool about trade managment than we can easily handleour mistakes because when we open more than one position and use more pairs for trading than most of new traders remain fail to manage the trading. I think we should go step by step to make success in trade market

new comer ko chaiye kay wo real account may trading say phele say demo account may practice kre phr real account may practice kre or kam say kam oder place kre.

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Originally Posted by akash299

yes i think , That is right...never ever open many positions at the same time specially if you are using high lot size and your account balance is small. You will only blow up your trading account too early. Just trade one position at a time. That is the wise thing to do.

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hehe, an ironic indeed if every day we are always confident in the face of the market in times of loss would be very much regret the loss of our pride, should we leave this as it will only make us lose the eye alone

That is true that we must avoid the mistake of opening too many positions, because if they all lose, then you will also lose all of your money. It is called over trading so it is a wrong way of trading. We must open one trade at a time only so we can focus on our trade.