Top 10 Mistakes Traders Make (newbie just look it).

[adna]

aap ne sahi kaha hai aesi bohot si mistakes hain jo trader forex trading mai krtay hain jis ki waja sai in ko forex trading mai zyada loss hota hai mai traders ko kahoonga kay is trhan ki mistakes sai avoid kia krain khas tor par new traders in sai bacha krain.

[bayu82]

indeed many errors are committed by a forex trader, especially for those who are beginners. it is often the case because they did not have the experience and knowledge. so they always make the same mistakes in the next trade. therefore, learn from the experience is very important. so that we avoid the same mistakes in the next trade.

[forexlive]

Achieving success in futures trading requires avoiding numerous pitfalls as much, or more, than it does seeking out and executing winning trades. In fact, most professional traders will tell you that it's not any specific trading methodologies that make traders successful, but instead it's the overall rules to which those traders strictly adhere that keep them "in the game" long enough to achieve success.

* The following are 10 of the most prevalent mistakes that traders make in futures trading. They are listed in no particular order of importance:

1. Failure to have a trading plan in place before a trade is executed.

A trader with no specific plan of action in place upon entry into a futures trade does not know, among other things, when or where he or she will exit the trade, or about how much money may be made or lost. Traders with no pre-determined trading plan are flying by the seat of their pants, and that's usually a recipe for a "crash and burn."

2. Inadequate trading assets or improper money management.

It does not take a fortune to trade futures markets with success. Traders with less than $5,000 in their trading accounts can and do trade futures successfully. And, traders with $50,000 or more in their trading accounts can and do lose it all in a heartbeat. Part of trading successfully boils down to proper money management, and not gunning for those highly risky "home-run" type trades that involve too much trading capital at one time.

3. Expectations that is too high, too soon.

Beginning futures traders that expect to quit their "day job" and make good living trading futures in their first few years of trading are usually disappointed. You don't become a successful doctor or lawyer or business owner in the first couple of years of the practice. It takes hard work and perseverance to achieve success in any field of endeavor--and trading futures is no different. Futures trading are not the easy, "get-rich-quick" scheme that a few unsavory characters make it out to be.

4. Failure to use protective stops.

Using protective buy stops or sell stops upon entering a trade provide a trader with a good idea of about how much money he or she is risking on that particular trade, should it turn out to be a loser. Protective stops are a good money-management tool, but are not perfect. There are no perfect money-management tools in futures trading.

5. Lack of "patience" and "discipline."

While these two virtues are over-worked and very often mentioned when determining what unsuccessful trader's lack, not many will argue with their merits. Indeed. Don't trade just for the sake of trading or just because you haven't traded for a while. Let those very good trading "set-ups" come to you, and then act upon them in a prudent way. The market will do what the market wants to do--and nobody can force the market's hand.

6. Trading against the trend--or trying to pick tops and bottoms in markets.

It's human nature to want to buy low and sell high (or sell high and buy low for short-side traders). Unfortunately, that's not at all a proven mean of making profits in futures trading. Top pickers and bottom-pickers usually are trading against the trend, which is a major mistake.

7. Letting losing positions ride too long.

Most successful traders will not sit on a losing position very long at all. They'll set a tight protective stop, and if it's hit they'll take their losses (usually minimal) and then move on to the next potential trading set up. Traders, who sit on a losing trade, "hoping" that the market will soon turn around in their favor, are usually doomed.

8. "Over-trading."

Trading too many markets at one time is a mistake--especially if you are racking up losses. If trading losses are piling up, it's time to cut back on trading, even though there is the temptation to make more trades to recover the recently lost trading assets. It takes keen focus and concentration to be a successful futures trader. Having "too many irons in the fire" at one time is a mistake.

9. Failure to accept complete responsibility for your own actions.

When you have a losing trade or are in a losing streak, don't blame your broker or someone else. You are the one who is responsible for your own success or failure in trading. You make the trading decisions. If you feel you are not in firm control of your own trading, then why do you feel that way? You should make immediate changes that put you in firm control of your own trading destiny.

10. Not getting a bigger-picture perspective on a market.

One can look at a daily bar chart and get a shorter-term perspective on a market trend. But a look at the longer-term weekly or monthly chart for that same market can reveal a completely different perspective. It is prudent to examine longer-term charts, for that bigger-picture perspective, when contemplating a trade.

app ki jeh post bikul theek lagi muje app ne es thread mai wo sab kuch discuss kya hai jo ek new trader karta hai es layi app ko pehle es mistake ko read karke jeh mistake ko door karna chahi aa fer app achi manual trading kar paye ge ...

[Majidraza]

jis tara k hum nay is kaam mai ap ko already kaha k koi b kaam hai is ko us k time ks ath humy manage krna hota hai is k liay humy ye krna hota hai k kaam koi sa b hota hai humy is mai ye krna hota hai k is ki basic ko humy nahi bhoolna hota hai or is say humy faida milta hai market mai say

[abdullah99]

Forex trading is a risky business that gives us profit for right trading but many trader loss capital from forex trading for some mistake. Top mistakes are, they cant properly money management, cant control greed, can't control emotion, trade without knowledge and experience, start trading without learning properly etc.

[wasifsattar]

jo b is kaam mai new join krta hai is ko her is tara ka kaam krna hai jis k liay humy is mai koi b nuksan na ho or is mai ye kaam krny k liay humy is ka rules ko study krna hai laikin is ko follow krnay must hota hai kun k is k sath hi humy kaam krny mai profit mil saqta hai is forex say

[muzammilmitru]

If someone make mistake then he should learn from his mistakes because if we learn from our mistakes then we can be better person in future same apply on forex that if we work hard and plan accordingly then we can avoid mistakes.

[Saima551073]

4Thanks for this useful and beautiful post.
Jo b isko ghour se parega aor follow karega tu inshaa ALLAH osko nuqsaan nahi hoga.

[Mohsi]

jnab hum jab trading karty hain to humain is main learning kar kay kam karna ho ga ta kay humain trading main loss nai ho saky or humain is main agr mistake ko sai karna hay to humain is main learning karni ho gi humain is mai planing kar kay greed ko avoid kar kay kam karna ho ga

[SajidRaza]

mistake ko krny k sath hi humy is mai ye maloom hota hai k hum nay is mai kis tara say trade ko krna hai k hum nay is mai kaam ko krny mai zada is demo account mai kaam ko krna hai k is say humy ye idea milta hai k kis tara say hum nay market mai invest krna hai or isi ko follow krna hai humy