Mistakes to avoid for beginners / Inexperience.

[hello927]

Main mistake in my view is trading without knowledge. It is very dangerous and there are more chances of loss because one is not familiar with the real trading situations. In forex, situation changes in every moment and forex is also dependent upon the world's political and economical conditions. It is risky business and requires special skill to tackle tough market situations.

[room]

It is not that experienced traders do not make mistakes but those are rare and those inexperienced are proved to do mistakes and so they lose often, the wise idea would be to first gain enough experience before putting your hard earned money to trade.

[farhannasir]

they should prevent using great power and making an investment huge investment since it will be too dangerous for them to keep if loss happens. so newbies should prevent using great power and making an investment huge investment they should originally concentrate on learning things and trading.

[Metal mania]

If you are a beginners in Forex trading you have to be very careful about trading. You should not use high leverage and high lot size. It is very risky to do trade with high lot size and high leverage. It is better to use 1:100 leverage and 0.1 lot size because any mistakes can cause hamper to your account.

[brutu]

even if the merchant has not mistake the rich experience, has proven they are rare, making the mistakes that have no experience of them, their hard-earned for a reasonable idea to first deal will be lost quite often to gain experience before turning on the money that is not.

[eliash55]

yes i can to try avoid mistakes,i know that mistakes avoided needed know some strategy and known forex basic,concentration,fear,risky trading, confident and also know brokers. i believed needed for all best forex trader.

[Boss]

Those who all are very new and inexperienced here in this Forex trading my suggestions for them is to they should trade here having full control over their emotions and the must trade here constantly with discipline here in Forex trading.

[prodip]

to start trading in forex business you need to take some time , you need to do market analysis and do the chart analysis to get the market trend , you do not need to make trade early wait for a good time.

[arif01]

they can work with forex in ideal time. People Those who are employed then also work with forex in rest time because it is on line programe and it is always open. So forex is a way of Income for man those who are gather knowledge about computer and online internet use knowledge. So Forex means a sources of income in on line by conversation various topics on forex trading. It is a indian wave site from which lot of people earn money in long time. It is suitable sources of income for student and employee. Its a game

[taufiqbd]

The Forex trading has an important part of learning. However, whereas when learning to play guitar, for example, there is no risk of playing wrong notes, in forex, we risk jeopardizing their savings. Learn by doing, by making mistakes and trying new strategies is clearly not a good approach to start trading currencies and gain the skills needed to earn money.

In fact, all forex brokers offer a demo version of their trading platform that allows traders to train and learn "in real market conditions." When you open a demo trading account, you are totally free to use as desired play money supply to your account.

With a demo account, you can understand how the market, especially in moments of tension, without risking your capital investment. However, you must understand that we must use this account wisely if you hope to gain something. If you open a new trade without understanding why the previous trade was a loser, you're just wasting your time. Ultimately, this is unlikely as you bring disappointment. Enjoy consequently demo accounts, even open one among several brokers to better understand the market and formulate an effective strategy.

It is true that demo trading is big chance to all new trader because they get all kind of real trading facility to do not take any types of risk. If a trader perfectly demo practice then he never face big problem in forex trading.