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

[toronto]

mistakes a lot of forex traders, they have all kinds of professions is a greedy, avoid greed, learn from the mistakes, business, exitement money the poor, and when you managementhis business, they avoid the hard work vamat when they can not they close the transaction

[forexgame1]

7. Letting losing positions ride too long.
this is the most common mistakes happen to new traders i think. hoping the price will get back the way we want can makes us loosing our discipline in runing our rules. once we're not discipline, we're not being a logic anymore. Always use SL to avoid this to happen.

[salfx]

I tried not to repeat the same mistake. I learned from the experience, so that over time I will have a profitable strategy. learn from the mistake, and routine evaluation. it is a way of learning the correct trading

many of us repeat the same mistake, until we get much losses and then we think that we dont want to make that mistake again. our experience will force us to be discipliine if we dont want to get much losses anymore

[ken arok]

I tried not to repeat the same mistake. I learned from the experience, so that over time I will have a profitable strategy. learn from the mistake, and routine evaluation. it is a way of learning the correct trading

[fxmama00]

welcome to forex. yeah it is right, but too long remidy is not good. for all newbie trader i have advice, before you enter this bussines, you should make money management.thanks................................. ........

[makrazeeb]

Yes dear you are absolutely right what you are saying in your thread. But dear I personally think that the most important reason which make us loser in this market is our ignorance about this business. SO that we have to be so much learned and experienced by learning and practicing more and more.

[zahidrock]

we need to be confident to make a good trading, if we dont confident of course we will close our position iin wrong time, but we must prepare the risk also, we must use risk management, because we still can get loss also

Yes confident are always help us to make good profit from this market. But i think you can make confident on that time when you can make good analysis. And good analysis is possible on that time when you have lot of knowledge about this business.

[every thing is planned]

yes these are some common mistakes we have done again and again in the forex market we should need to work hard and need to stay in touch with forex market news and trend then we can win money and try to control your mistakes then we can win here huge and very fast money.

[kaka00]

You have rightly pointed out a very good point and which newbies frequently commit. earlier I used to wait for the losing trade to reverse and make profits but in most of the occasions, i lose big. so its better to set stop loss in every trade we make to minimize of losses but too long remedy is not good. for all newbie trader i have advice, before you enter this business, you should make money management. Good luck..........

[zam]

That is well written my friend, every new trader should know these tips even before they place their first trade.. Forex is not an easy going job, it is a complicated one.. But with priceless tips from professional traders on this forum, trading life will be easier for new traders if they know how to implement these informations into their daily trade.. Never give up, practice again and again until you know the facts and rules of the market will make you a successful professional forex trader..

I am agree with you. If we want to be a successfull trader and able to make profits with consistent, we should always maintain our money management rules