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

[vic]

if traders do not have a good trading plan when trades start trading on their real accounts it looks like a blind person, they will not know how they work, so plans are crucial to make a trader successful. Novice traders often see Forex as a simple way to get rich in no time, without really considering the risks and efforts that must be made to achieve that goal. Placing a very large trade in proportion to your account balance in an attempt to generate huge profits is unlikely to succeed in the long run because ultimately trading is likely to fight you, causing huge losses.

[soo yong]

When we can factor our mistakes in the dealing industry .. it becomes possible for us to improve them. So, that we can not do it anymore and the business is perfect later. The mechanism is very typical and we can not refuse them .. we can arrange them with the right knowledge. Perfectly said, this is a mistake that our traders continue to do every day. The irony of those things is that many of us who know these mistakes but the ability to discipline ourselves or will say benign to ourselves in other ways to obey these things are what many of us lack. But happy is the beginner who from the beginning started using this instruction

[sakigbest]

trading maa bohat mistakes hote hai hai for example iss manday lalach kr jatay hain orr jab iss ma loss hota hai to kam karna chor jatay ahain orr jab bohat zayada profit ho iss prr orr zayda trade kr datay hain ya b bohat bari mistake hai

[persib]

thank you for providing an informative post. I think you're right. All traders make common mistakes and for that they have to suffer a lot. I am a trader and I am an inexperienced trader who also makes mistakes like that. it is common to make mistakes when trading in forex. but every trader should avoid this to increase profit. I do not know about this. You have rightly pointed out a very good point and often a beginner. before I used to wait for losing trades to turn around and make a profit but on most occasions I lost big. so it's better to set stop loss in every trade

[hafiz shahid iqbal]

g han g bohot hi best information hy bohot hi profitable information ...newbies k liay ye best opportunity hay k wo is information sy faida uthaen or lot profit kmaen...jb newbies apni in mistakes par qabu paen gy to hi wo profit kma saken gy ye new members k liay acha moka hy

[sufiyan22]

bhai sab se barey mistake trader ki ye hoto hn v sl ni lagata aur money managfemtn ko bhi follow ni rkta hn jiski vaja se oska loss zyada hota hna ur ls ni lagata aur oska loss stop ni hota to account washed ho jata hn

[Forexcoolgirl]

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.

thankyou for this useful information.m ek beginner hu mujhe forex kai baare mai itni jyada knowledge nahi hai par mai forex ko ache se samajhna chahti hu. ye information mere liye bhut faydemand hai.ye common mistakes hai jo sayad jyadatar traders karte hai.ye information sayad sabhi newbies k liye bhut jyada faydemand hai taaki future mai vo ye sab mistakes na kare

[date]

For over twelve to fifteen years in the stock options sector, I have brought over 1, 000 tutorials in exchange of selection. On that occasion, I have witnessed new possibilities, people often make similar mistakes - errors that are often quickly avoided. This is an important thread for all of us. For beginners, this thread is too important to follow. Bcz traders make a lot of mistakes for this they fall in losses. So among the mistakes it has been shown ten major mistakes that are too much going on. So I think all I have to do is follow this thing that we can do to remove from our trade especially for beginners.

[bali351]

jo new trader hain wo ye 10 mistakes karte hain unain in mistakes ko sahi tara se dekhna chaie or us hisab se Forex ki market main trade karna chaie ku ke Forex ki market main humain risk free ho ke trading karna chae phr hi Forex ki market main profit hasil kar skte hain.

[searng]

excellent..trader must use the strategy according to his ability with the right money management .. and also when people feel the market is moving towards him ..jo wo soch raha hai woi ho raha hai, tou wo stop loss ignore kardeta hi jisse usse loss hota hai be greedy .... so stick with your profit points ... and control your emotions .... avoid these mistakes .. here are a lot of mistakes that can be done by the trader and we should try our best to avoid it and when we want to trade we have to analyze the market and we do trade without analysis it is the main mistake and we must get knowledge about this and then in practice in the demo