Actually, the problem for a newbie is greedy. They think if they opened a lot of positions, then the profit gained much greater. Greed made them forget if the opposite is true then they are also great losses.
Actually, the problem for a newbie is greedy. They think if they opened a lot of positions, then the profit gained much greater. Greed made them forget if the opposite is true then they are also great losses.
mistake to mistake hote ha chaya wo newbie mistake karna ya ap beginners mistake kanrana mistake hote ha or trading main mistake ka matlab ha ka ap na obht sara loss earned ka es laya main ap ko ya kahta hoon ka tradign akro lakin apna emotion ko control karo or boht sara profit earned karo,
If entered into a contract and the market goes against your direction be sure to come out are good, do not try to double the loss and is not much covet and you have to Takrog in a convenient location
Nice thread to answer.,
But, as beginner we must start with small amount of lots..
For the starting we start with 0.01 lot..
For profit grab we must set low as we can for example 30 pips per opened trade..
S/L do not forgot to set too..
So, the most common mistake that always beginner made can be avoided with my suggestion above..
Guide me if I'm got wrong..
When new comer comes to trade of forex. They can not control their emotion, sentimental And not understand clearly risk analysis and money management. They open trade more that`s why they can not proper handle their opening trade. They go to losses. So, I suggest for new comer that you should open more trade. You control yourself and try to know clear details.
It is dangerous for newcomers to trade at multiple poisitions at the same time because they dont have the experience of the market.
Firstly a beginner must start wilth lowest capital and must observe the market's behaviour. He must understand the position of the market and use his brain to control the profit loss situation. After getting some experience he can play at more than one place at a time.
If i insist any person for forex trading then i will gave him guarantee that take the proper knowledge about trading and first work sometime on demo account in which you got experience and after when you start your real trading account then the chance of loss is very low and keep one thing in mind that you have to trade in right time and always try to make right decision.