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

[dlesar]

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

Expect to become a millionaire in just a few months is not the only mistake made ​​by novice traders. Indeed, a very common error is to not take the time to formulate a real trading plan. A trading plan, it does not mean we will look at the USD / JPY, expect it to fall to 80 yen and placing stops. No, it's not that. In fact, the trading plan consists roughly of two main aspects: an overall goal for your trading activity and a more specific plan for each of the trades you make.

An overall objective involves knowing what currencies you are trading - knowing that a distinction exists between my major (USD, GBP, JPY, CHF, EUR ...) and emerging (CNY, BRL, PLN, CZK, THEY ...) - the lever that you want to use and finally the time you want to devote to trading. Your plan should also specify realistic goals in terms of ROI. That is to say that we should not expect to earn 100,000 euros in the space of two months with an investment of 10,000 euros. Finally, we need you to put in place an exit strategy for each market trades you make, knowing when you want to sell or buy. This includes knowing the level at which you want to stop losses or take profits

Atalpges about money and wealth Aarv by foot to the wars and raiding other tribes and peoples being despoiled of money and then evolved civilizations and has become a piracy is a problem, and now we find that the love of wealth, the same instinct in every human being and to follow and have been to surrender to the disaster that you are trading in Forex.

[Morshedul]

Because of the lack of knowledge, beginner forex traders always do mistakes. I think they have some understanding problems about forex market. They do not just cope with the volatility of forex and they think that all money will be gone very soon. But they do not know that it is the forex market which is volatile and prices are going up and down all the time.

[waleedkhan]

Expect to become a millionaire in just a few months is not the only mistake made ​​by novice traders. Indeed, a very common error is to not take the time to formulate a real trading plan. A trading plan, it does not mean we will look at the USD / JPY, expect it to fall to 80 yen and placing stops. No, it's not that. In fact, the trading plan consists roughly of two main aspects: an overall goal for your trading activity and a more specific plan for each of the trades you make.

An overall objective involves knowing what currencies you are trading - knowing that a distinction exists between my major (USD, GBP, JPY, CHF, EUR ...) and emerging (CNY, BRL, PLN, CZK, THEY ...) - the lever that you want to use and finally the time you want to devote to trading. Your plan should also specify realistic goals in terms of ROI. That is to say that we should not expect to earn 100,000 euros in the space of two months with an investment of 10,000 euros. Finally, we need you to put in place an exit strategy for each market trades you make, knowing when you want to sell or buy. This includes knowing the level at which you want to stop losses or take profits

g han bilkul sayi app bol raha hain agar app learn karain mistakes kay app kis karta hain may samjhta hun kay app best process achieving karah sakta hain knowledge aur experience about in forex may...

[fajar]

mean you plan to trade the long term or short term bro? ..
or may simply manage orders from start to trading profit ..

[fxquest]

Expect to become a millionaire in just a few months is not the only mistake made ​​by novice traders. Indeed, a very common error is to not take the time to formulate a real trading plan. A trading plan, it does not mean we will look at the USD / JPY, expect it to fall to 80 yen and placing stops. No, it's not that. In fact, the trading plan consists roughly of two main aspects: an overall goal for your trading activity and a more specific plan for each of the trades you make.

An overall objective involves knowing what currencies you are trading - knowing that a distinction exists between my major (USD, GBP, JPY, CHF, EUR ...) and emerging (CNY, BRL, PLN, CZK, THEY ...) - the lever that you want to use and finally the time you want to devote to trading. Your plan should also specify realistic goals in terms of ROI. That is to say that we should not expect to earn 100,000 euros in the space of two months with an investment of 10,000 euros. Finally, we need you to put in place an exit strategy for each market trades you make, knowing when you want to sell or buy. This includes knowing the level at which you want to stop losses or take profits

I agree with you but I don't think that dreaming high is such a big mistake because only the traders with high dreams really work to get them true.

[forexgain]

there are new traders to whom i was telling time and again that when you are trading in the demo account then make trading strategy for yourself so that you may succeed in the future but they were just trading randomly and had losses

[tarun2305]

genrally beginners ko is baat kabahut dhyan rakhna chaiye ki forex ek trading system hai ye koi money making machin ah ai hai ki bas paisa lagaya aur dusri traf paisa dugna ho kar aa gya..isliye ise trade ki trah hi trading kare

[newentry]

yes,right you are.We have to learn from our mistakes.I think it is the best process for achieving knowledge and experience about forex.
We have to control our greed and wait for getting signal.


Happy Trading

mistakes and experiences are the best lesson that we had bought with losing ...then we learned from them and completed the weakness..
and then, we will become a mature trader in the future

[taufiqbd]

I think a beginner trader must be mistake in forex trading because he has low knowledge about forex trading. I suggest a trader should be follow some rule like as b=demo trading minimum 6 months, control emotion, avoid aggressive trading, learn about risk and money management. If a trader follow this then he success in forex.

[wazwaz]

Actually you're right, but the most important thing is to learn from his mistakes so as not located where once again, As for the dreams of becoming a millionaire in months, this is not bad but you should not take the form of a goal, but in the form of a dream or hope.