Mistakes to avoid for beginners / Lack of Discipline.

[shoanfx]

forex is very sensitive trading.it needs discipline in every moment.but newbie can not trade with disciplined from the first time.this is the reason many newbie traders have failed in forex business.Lacking of discipline by no means accepted in forex trading..so, discipline must be maintained for beginners as well as good traders.

[alamFX]

Good things come to those who wait... But avoid those who wait to long... new rules instead of fixing a signal mistake: the lack of discipline.

[ToengToeng]

Lack of discipline which is mainly the problem for beginners is because of their mindset to earn big in a short time. Actually, one easy way to actually be discipline in trades is to first find the right time, strategy, and trading rules which best fit yourself. If you're able to make sure that you're comfortable with your system, I guarantee there will be less reason for you to actually violate your discipline.

[Isha debnath]

The main mistake that the newbies done that is not maintaining the money management.they try to make big profit by taking the bigger lot and in this way they get the margin call.and aways careful with the emotion.cause greed can make you blind

[cnbc88]

Lack of discipline will ruin your trading strategy. You can't really focusing on your trade if you still have emotion involve. When your emotion involve, you won't be able to run your trading strategy as it should be. If you don't follow your trading strategy, you will trade likely a gambler. Once you trade in gambling mode, you will often experience lost. So make sure that you have to be discipline all the time if you want to earn constant profit.

[fakermane]

The Biggest Mistake of beginner is they consider Stop Loss as meaningless thing but they can not accept to do Cut Loss when their Analysis get Fail.. They hoping for the Price to turn back, but the Price tend to move farther and that cause most Beginner get Margin Call so fast..

[SAMIYA NOOR NOVA]

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.

there are many mistakes which usually makes by beginners. lack of discipline is one of the main mistakes which makes beginners. they don't maintain discipline in trading and violate the rules....

[mike_john]

The big mistake is greed and hurry to start the trade... Also another mistake is to not use demo acocunt... Anyhow, all of you have shared a great stuff for avoiding that mistakes..

[adedayo]

yes you are right a lot of traders make a lot of mistake by not being discipline when trading they are always too greedy to make money fast most this is very common among the new traders, that is why one must be very discipline when trading

[sugik]

you are right , I agree, the lack of discipline is very effective on our loss trades, this is because we don't manage our accounts and we are not experienced enough, this is why we are always telling that experience is the most important factor. you have to experience it to be able to descipline yourself and your account.

correct sir, I am sure we often visit this forum we will gain additional knowledge is not infinite, and we certainly will get no experience with a multitude of traders often share in the forum, thank you