Mistakes to avoid for beginners / Inexperience.

[sinjo abe]

most new traders are inexperienced and suffer a lot of losses. One suggestion for new traders is to continue to take some lessons from mistakes that add some exeperience with each trade that will help them to improve their trading skills and you must avoid excessive self-confidence when you win trades and avoid trying to get revenge when you lose trade as a mission of revenge from you may only mean a suicide mission because you are dealing with something bigger than you

[Dicar]

You are right man, it is very important to avoid these mistakes in Forex trading market. These are the basic mistakes that every new person make these mistakes when he is new in Forex trading because he doesn't have good experience and knowledge of this market and given that didn't have practiced it in demo account.

[0307148]

but we have to be careful too to learn and practice at demo account, because we just build a habit and we will bring it at real account, and how if we take a wrong part and then become a bad habit...so will happen at real account ?
the firs mitakes happen when the newbies come and use the virtual money too big at demo account, and they willl alays win for their trading because they did not realize that big capital can handle big flosting minus and then touch their TP, so it will become bad habit and they implement it at real account, we know for the result, we often heard that some newbies get suffer for it

[0307148]

The Forex trading has an important part of learning. However, whereas when learning to play guitar, for example, there is no risk of playing wrong notes, in forex, we risk jeopardizing their savings. Learn by doing, by making mistakes and trying new strategies is clearly not a good approach to start trading currencies and gain the skills needed to earn money.

In fact, all forex brokers offer a demo version of their trading platform that allows traders to train and learn "in real market conditions." When you open a demo trading account, you are totally free to use as desired play money supply to your account.

With a demo account, you can understand how the market, especially in moments of tension, without risking your capital investment. However, you must understand that we must use this account wisely if you hope to gain something. If you open a new trade without understanding why the previous trade was a loser, you're just wasting your time. Ultimately, this is unlikely as you bring disappointment. Enjoy consequently demo accounts, even open one among several brokers to better understand the market and formulate an effective strategy.

[0307148]

Actually hard to predict support and resistance because we can't predict when this support and resistance spot could be happen. we also can't predict support and resistance from previous record, so the best thing to do is following trend first and then we would know when support and resistance spot will be occur. but the easiest way is following trend because I am only get in and get out. if trend against my prediction before, only close and make new order.

[0307148]

but we have to be careful too to learn and practice at demo account, because we just build a habit and we will bring it at real account, and how if we take a wrong part and then become a bad habit...so will happen at real account ?
the firs mitakes happen when the newbies come and use the virtual money too big at demo account, and they willl alays win for their trading because they did not realize that big capital can handle big flosting minus and then touch their TP, so it will become bad habit and they implement it at real account, we know for the result, we often heard that some newbies get suffer for it

[tigha truck]

You are right, we have to trade with a demo account with a newbie. but I think when we use real money to trade, our stress is multiplied. in practice your mind account is free because if you lose you can't loose money from your pocket, but trading with real money is a completely different thing from a demo account. and if you are new, I suggest you play it safe, if you play it safe, you will make a profit even if you make a small profit, but if you play big, you can increase profits but at the same time you can lose too much.

[tarzhu]

Beginners must avoid mistakes during trading. They must first practice on a demo account and get knowledge from senior members and also on various websites. In this way they gain knowledge and can benefit from trade. and One of the most important mistakes that most traders must avoid is that they follow other experts when trading that they should avoid because experts are not perfect, they make decisions that are easily changed at any time, so make your own analysis and trade on it. .

[almont]

Yes, I get lots of newbie trades in forex without experience so they trade without analysis and they tend to be greedy when trading and I think it's not good for their money rather than making profits and mistakes that must be avoided are greed. Because greed often interferes with trade and we forget that we are greedy to disturb our psychology in forex trading. We must also be able to control emotional loss so that we will be better at this forex business.

[vava tong]

I personally feel you have to boycott the use of high leverage and high capital investment, because it is very dangerous to be responsible for losses if that happens. It must be avoided in this arrangement, and high capital investment must initially focus on learning and sales. and experienced traders don't make mistakes because they are rare and those who are inexperienced are proven to make mistakes and therefore they lose money, the simple idea is to first get enough experience before placing your hard-earned money to trade forex.