Opening of too many positions to me would only be wrong if the position are placed with currency pairs that would end up in the wrong direction and if his capital is not enough.
Opening of too many positions to me would only be wrong if the position are placed with currency pairs that would end up in the wrong direction and if his capital is not enough.
when a treader work forex he face many mistake. if he avoid the mistake he can easily to get a good profit as he want.
Opening too many positions at single time is a very bad habit..it shows that the trader is taking some random decision and his decision may have flaws..people do it in the beginning of their trading..later they learn how important a trading position is and quit this habit slowlyQuote:
Originally Posted by deep thought
Opening too many positions might be a mistake ... but that comes straight from poor money management. First of all, if you are a beginner or even an expert ... don't trade too many pairs ... even I would say that you should trade only one pair ... master it and it will be enough for you for all your needs. So why spend your brains on additioinal things when it is not required altogether. Second, if you are trading one pair only ... even then no set up could have justified multiple positions ... but if you are compelled to do that ... at least, configure your equity and see how many positions you can allow yourself.
Quote:
Originally Posted by rookie001
opening a lot of uncertain position of boss, because if it was done with careful calculation and strategy of such a thing could give you maximum profits. With many of the positions of the movement of each currency will be different, we are open most of the positions in a single currency. This often I do and produce a profit,,,,
I think if we understand some device about business managment than you can manage more roles because when we start more than one place and use more sets for dealing than most of new investors stay fall short to control the dealing. I think we should go comprehensive.
well,Quote:
Originally Posted by deep thought
i think every trader make a common mistake first time that is opening too many positions. trader think its the best way to profit. but when market up or down 300+ pips then he become loss. so its better to avoid to opening to many position.
for the beginners of the forex market they should practice in the market minimum one year just they will observe the movement of the market. what techniques more give advantage to the forex trader so at the first time they should avoid the too many positions.
Multiple position opening are due to greed of human and we always have greed and when we use high leverage in market we have more margin and we become more greedy.
In the initial stages most people do the mistake of taking risks with big amount of money without knowing everything and just trading blindly based on their luck. this should be avoided. no one should take risk without knowing about forex trading system properly.