Mistakes to avoid for beginners / Lack of Discipline.

[ishtiakk]

In my point of view these are the mistakes which commonly and consistently newbies are committing
[*]investing money without proper and knowledge and skills,[*]over trading,[*]trading anxiously[*]not use of proper money management,[*]prolonged a wrong trade,[*]trading against the trend[*]indiscipline,[*]without plan trade,[*]impatience,[*]much leverage,[*]not use of proper stop loss

[sajni4s]

thanks dear for sharing such usefull information for us,i am also a new one on this forum ,i am learning much more through you guys,thanks once again my senoir traders,i think many traders becomes greedy thats why they lost their most of the balance,so try to work with good thinking.

[ishtiakk]

of course discipline is key factor in success in this market. before trade plan your trade and after trade it is very necessary stick on your plan.failing in your plan may cause loss you in trade. again and again failure would cause loss of your hard earned money which is bad factor of any business

[shiro]

the good plans a depend successfuly of yours business. nothing can possibly be done while not disciplines... the forex is amazingly disciplines a trading. it follows disciplines all times. lacking of discipline that won't mean receive in forex trading !

[toqeermughal]

yes the beginnes should avoid the mistakes and they should get information about the forex to stand in the forex betterly. moreover the students should be more disciplined in the forex to get a good profit from the forex.

[minoa]

to avoid of mistakes and maintain discipline is the main factor of success in life and in Forex most of the newbies do not care for the discipline in Forex and face the loss. so everybody should try to avoid the mistakes and should maintain discipline to gain profit

To avoid more loss, money management is really good for forex. forex is risky platform in which our investment is not secure, and traders cant manage their capital for invest at best place while they are newbie, so everyone need to use best money management in trading by follow trading rules.

[Rana Saqib1]

to avoid of mistakes and maintain discipline is the main factor of success in life and in Forex most of the newbies do not care for the discipline in Forex and face the loss. so everybody should try to avoid the mistakes and should maintain discipline to gain profit

[ghulam sarwar]

dekhe dear forex mai choti mistake be humare liye bohat bari ban jati hai q k ye ak risky or wide business hai js mai hmko bohat discipline or cool mind se kam karna hota hai bina discipline k hm trading nai kar skte hen.

[manishgusain]

beginner has to always take care in any field they are working and should follow a disciplined path...beginners should practice in the practice accounts offered by forex..here then they can learn various ups and downs of the market ..they can understand what to do and what not to do...if one has understood the market conditions properly then only he should invest real money else he may incur loss in place of profit..along with required is hard work and patience..

[mansoorwaqas]

Thank you very much for this post. I am new in the treading business and also I have completed my trading account and I am ready to trade. But, now it is time for me to make a trading plan. Sure, you are right we sometimes take decisions even in trading which are nonsense and can damage our business.