Mistakes to avoid for beginners / Lack of Discipline.

[Aaronic]

this is a good way to en-lighting the traders about forex. the way many people trade forex these days its is more like gambling for them than it is business. we have a long way to go to make money and we have to be very serious about it.

[kiti]

beginners yahi ghalti ker jate hain ko wo jub ziada profit le laten hain to wo yeh smaghte hain k ab hum trading main master ho gaye hain. Trading main discipline ka khayal rakhna chahiye aur ziada laluch nahi kerni chahiye.

[rajibforex1]

There are many pitfalls to be avoided during the Forex newbies, but if we suffer from them we cannot do this. Lesson learnt from his mistakes if we suffer a small loss from a small lot orders.
Beginners should never trade with large plot with the expectation of large profits without in-depth knowledge of the market.

[waseed143]

good question first of all according to my point of view Forex is on rules because Forex is a mind game and a risky business these rules are important because they tell us what to do and how to do mean how to trade and when trade open and when close so every thing is on demo that tell us greed is not allowed and other like this

[sportespn]

yes lack of discipline and doing the often mistakes are the big problems we have so we should wor on this so this can be more well and more better for the good trading we know hard work can help and can be more well to us then

[ahmedreda]

A trading plan is only of value if you have the patience and discipline to follow it. Follow his trading plan is difficult, it is undeniable, but it is a prerequisite to succeed in trading on the currency. While exchange rates change, you will be taken quickly in the market and you may, at any time to lose your control and make irrational decisions that do not match your original trading plan. For example, if rates move upwards, exceeding your original order take-profit, you will be tempted to hold your position any longer to benefit from rising. The opposite pattern works in the case of a rate cut. However, is that such scenarios make sense? Indeed, if you took the time before entering the market, to establish levels of loss and take-profit, how market conditions have also come to change abruptly to negate your original goals ? Are you sure you not rather act out of emotion, believing collect a uptrend or a downtrend that does not really exist?

That's why a trading plan is essential: it allows you not to get overwhelmed by your emotions, especially during periods of high volatility.

Of course, a trading plan may be amended, depending, for example, your overall objectives. However, do not change your trading plan in action.

Finally, it should be understood that the best trading plan is sometimes ineffective in times of high volatility. Sometimes it's better to temporarily withdraw from that market to flog a dead horse.

in fact we must develop our strategy day by day because this market is exchange every time so we must change our strategy and we must develop our skills to be able to make profits for along time . and also training for along time is so useful thing to achieve this matter.

[sweet786]

disciplined is the main key of successful life many people are talking about the discipline but i did not find any thread or post yet which define the reality that how to maintain the disciplined and some times it become difficult because seniors did not share their success stories.............

[amir ahmed]

Valuable information for every beginner in the field of forex, and I would advise all junior and learning patience and let passion and emotion, they kill in the speculative spirit of gain, and that takes the opinion of experts and analysts in the market analysis and historical events, purchase and sale

[awais123]

je han mein is baat sey igree karta hon keh forex mein disiplan ka bohut kiyal rakhna ho ga aur kosis yehi ho keh koi beh mistake na ho is sey hamara bussnis kamyabi ki taraf chal padey ga

[dkdk]

I agree. because discipline is required to play forex. there are things that support forex analysis in addition to the discipline that go round the right, dare to act and also patience.