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I think plan are those traders who don't take they precautions before opening the trade. If thay used good money management and a stop loss, they wouldn't need an emergency plan because they already work out the eventual losses or profit they'll get from the trade; They know how much they loss before they workout how much they will get as profit. And that's the difference between professional traders and amateurs.Quote:
Originally Posted by get_bonus
The reasons you have mentioned every newbie must make a note of as they are the most important causes that lead to failure for a trader. Also lack of money management skills is a major cause of failure too.
To start walking in a trade, money investment is the first step. Beside investment, need to get well understand the trading ground, gain trade knowledge, monitor the market situation. Observing these few issues, have to make secured planning to move on the trade. Firstly to observe the nature of trading , money laundering should be slow & steady which can make experience to get forward or backward further. If anybody take wrong steps without following above, he/she could be looser to get money.
Forex market is very risky market so trader need to know some basic and practice on demo account is important. Yes lack of knowledge, planing and greed is the reason newbie trader face lose.
Lack of knowledge is very bad for trader most of time trader face lose for their lack of experience and dont follow properly their trading rules. If traders knowledge is good then trader know how to avoid risk.
Man you soul already acanthous out the principal reasons of unfortunate in forex. So what a newbie should do is to conquer these reason/problems that makes man a nonstarter. Only then success testament canvas. Consistency in acquisition and trading and enthusiasm to learn are the main requisistes to prettify a prosperous merchant
forex traders lost their money because they do not follow the trend while ding trading and they show greed which is the main cause of loss of mostly traders and then they blame forex that it is not profitable, we face loss due to our greed not due to forex
forex main pesaa khone ke bahut se reasons hai.
kuch trader sahi se analysis ni kar paate hai or kuch greed or emotions ke karan pesaa khote hai.
hame chahiye ki ham greed or emotions main trading ni kare or apna analysis ko acha banaye.
mere hisaab se real account main trading karna main reason nahi loss ka .
bhut se experience trader bi hai jo real main trading karte hai but unko loss kam hota hai.
main thing is experience hai. agar hamara experience acha hoga to hame bi loss kam hoga.
app bilkul teek khte hain. mera app ke saat poora itifaq hai kh loog lalach aur fear k bage se hi forex trading main nuqsan karty hain.Quote:
Originally Posted by Victoryindia