Mistakes to avoid for beginners.

[ahmed10]

The most common mistakes made in forex options are the result of the trader not keeping to his budget, not following his strategy and instead of making well researched decisions begins to get emotionally involved in his decisions.

For example a trader who has some success suddenly believes that he can predict forex prices in advance. This is taking fundamental analysis to the extreme. Stick to the economic calendar and study the data that will be announced. Watch interest rates, unemployment numbers and other important economic data and make informed decisions, not predictions.

Relying on science alone won�t make you money. There are hundreds of vendors selling systems based on Gann or Fibonacci claiming that their systems are accurate and foolproof. Don�t believe them. Use Gann and Fibonacci as a part of your technical analysis but not as a scientific method to predict the market.

Many traders believe that using every indicator that exists they have a better chance of making money. By doing this they are over complicating the elements that lead to a signal. Keeping it simple works better and produces more accurate signals. Use 2 or 3 indicators no more.

How many effective forex traders use lagging indicators such as moving averages as leading indicators and wonder why they are losing money. Make sure you know the uses of both lagging and leading indicators.

Losing traders make the mistake of thinking that day trading movements indicate trends. This is not true. Short term price movements are random and trading short term movements as a long term strategy will lose you money.

Don�t be lulled into thinking that the more you put in the more you will take out. Trading is about timing and working smart, not working hard. Learn the forex trade, get a good mentor and trade smart.

Don�t trade a news story after it has been announced. Once announced it is an old story and would have been already discounted in the price.

Many traders fail to read the small print which says �simulated in hindsight� when they buy trading systems on the internet. Don�t touch these systems as the small print means that the track record was manufactured after the events.

Another mistake traders make is to over leverage. Using high leverage such as 400:1 means that you have to take less risk per trade. Lower your leverage to 100:1 and take more risk per trade.

Using stop loss and trailing stops is prudent. However having a stop loss too close to your traded price is risky and you will be taken out by market noise. The same goes for trailing stops. Don�t run them too quickly otherwise you will not make a profit.

[sheikh15]

bro me apki is post se agree kru ga or me smajhta hu k bilkul theek kaha apne beginers ko chaiye k wo in bato ko zarur follow kre or in se unko bht hi fadia hasil hoga or wo shru me hi loss se bach jaye ge.

[Maheen]

g zarror is post mein begginers k liye boht achi info mojood hai jo kisi bhi biggner ko ek aacha trader bana sakti hai agar hum in mistake ko apnay zehn mein bitha lain aur kaam k doraan in say bachain toh i think humary loss k chances kam ho jayen gain aur hum ek aachay trder kehlay jayen gain . baat saari depend krti hai aap pr k aap is mistakes say kiss trha bachty hain . shukrya

[shaista]

Yes those are the such mistake that beginners are make in forex trading like they have luck of experience and knowledge about forex also luck of discipline and many other thing so they need to avoid such bad things to earn profit.

[hussain837]

mistakes for begnin need t think abou ti so that things can get better for it also about time also for it so thinfs wil be bgtter for you also. sometimes tou need to think about it it keeps things go fo it also about time about for it also about time.

[zahidbd9]

yes i am hundred percent agree with you that you have write here .you find out the real problem of a new trader who makes that kind of mistake when he trade in forex

[ummuris]

most mistakes usually made ​​by beginners is not to use stop loss when stop loss shall be installed on each transaction in addition to the beginners also often uses large lotsize resulting in a margin call

[Sunshine]

I do believe faults such as keeping away from cash administration any time buying and selling and also keeping away from avarice is quite of great help for this forex traders and so they will most likely always try not to help make this sort of faults. By the end they'll be successful due to this.

[pc1]

for starters do not be afraid to make mistakes because of the errors will learn the most important to take into account is not making a big mistake that should be owned by a trader is trading with only a small risk of the mistake will help to defend against error correction it.
Hello Every Body.

[rajkumar1991]

mistake to trader ko kabhi nhi karna chahiy yadi mistake karenge to humara isme loss hi hoga mai to isme kabhi loss hi nhi karta hu ye hum sabhi ko theek tarh se kaam karne ki zroorat hoti hai jitne ache se kaam karenge utna hi huamre liy badiya hoga .