Mistakes to avoid for beginners/The absence of a real trading plan.

[hardworks]

Nice post here, it is really important to know that trading is not a get rich quick scheme, one could not become bill gates or soros in few years, better follow proper trading discipline and start with majors currency pairs only to make consistent profit in the forex market

Yes, i agree with this. Forex trading is not to make quick profits. In fact, Forex is not so easy. We need to spend huge time for learning and to get practice. If we patiently do trading for some years to get some experience, then we may get familiar with trading. Demo is right choice to get experience, but we need to do demo effectively and not for fun.

[maken]

there are new traders to whom i was cogent time and afresh that if you are trading in the audience annual again accomplish trading action for yourself so that you may accomplish in the approaching but they were just trading about and had losses.

[Razu]

I think 100% mistake avoid is not possible. But possible is reduce mistake.Avoid mistake is very important for good profit. Mistake is good for learn.So huge time demo trading for beginners.

[incredibleindia]

One of the common mistakes that beginners make is their over-reliance on the trading signals or predictions of other traders which leads them to take higher risks and often end in losses or margin call.

[jab we met]

many beginner do same mistake of earning huge money from the forex business so the open high volume trader and if there trade transfer the bad then they loss all their money so do not make this mistake

[abid]

mostly the beginner wants to make millioner over the night so they trades the fast and dont wait the clear movement of market and they take the loss i think if they wait the market then they take the loss

[jab we met]

many new trader mostly they mistake is that they do not manage their capital so when they open trade if it goes to wrong side then there account is closed so you need to manage your capital

[yogesh]

make a plan , thanks for post... i never make plan for my trading, but actually the case is very important. for next trade i will make plan before trading

Plans aren't needed for individual trades alone but you should have a broader plan as to which type of trades and underwhich market conditions ytou want trades to open and plan your trades under that plan,

[nurhidayah]

We need to go for the trading with the experience and also we have to go for the trading with the patience and knowledge so that we can be winner here.we have to learn from our mistakes and its the nice experience .

experience of each transaction process that we conducted this usually leads to some things that sometimes make us hesitant to continue focus on some of the trading process that we run a pretty interesting, but also be on the run as good as possible in order to generate returns commensurate with some errors we might encounter later in the forex market

[rock]

We need to go for the trading with the experience and also we have to go for the trading with the patience and knowledge so that we can be winner here.we have to learn from our mistakes and its the nice experience .