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Undiscipline is the most dangerous thing. Business relationships with decent but not the first time. When they traded for the first time they had lost a few mistakes and loss of capital and for covering lost they make more mistake and loss of all their capital. if you are discipline in yur trade you always stick to your rules and Achieve the goals you are aiming for roomates.
Well planing for trade is the best way to earn a good profit. But for this you have to mark about the important points of trading. For the beginners it will works a lot to increase their confidence about trading and make them skilled about their market situation.
well lack of discipline and lack of self control destroys us not only in the case of forex but in everywhere or every field of life, beginner or expert does not matters one has to command himself before investing.
Discipline in trade is an important matter. If someone can trade with discipline then he can be succeeded from forex. Discipline means the having of money management, trading strategies, trading plan, analyzing power etc. So to get a good profit one should stay with a discipline mind.
Lack of discipline will ruin your trading strategy. You can not really focus on your trade if you still have emotions involved. When your emotions are involved, you will not be able to execute your trading strategy accordingly. If you do not follow your trading strategy, you will trade the possibility of a gambler. Once you trade in gambling mode, you will often have lost. So make sure that you have to be disciplined all the time if you want to benefit constant.
i think if they learn about forex and also practice in demo account then they can avoid mistake in real account.... if the practice in demo account then they will get knowledge about forex and also can get confident about trade and also know about their mistake which they done in demo account ...............
yaar newbies forex trading mai bht si mistakes kar daity hain lekin mostly forex mai newbies knwoedge gain kiye bgair hi live account bna laity hain or aisy hi phir wo trading start karty hain or phir unhain loss hta hai
most common error that a beginner made is that he start trading without proper education and experience, secondly when a person have no control on him self he will face loss, so a beginner should avoid these mistakes.
Forex trading is risky and so we have to show carefulness in every trade - by having a good and tested strategy following forex rules and having discipline avoiding any mistakes may only lead to successful trading.
Yes,i agree with you.every trader ought to have patience and make discipline when they does foreign exchange trade.so they won't do mistake.to mistake makes a man unsuccessful and makes him unhappy.