Mistakes to avoid for beginners / Lack of Discipline.

[newentry]

make planning and then trade with good discipline and patience...
planning is like the blue print and guide when the trader in the market then they will know what should they do in there..and also there are some options if the planning is not work

[taufiqbd]

Now a days many people are talking about the diciplan but i did not find any thread or post yet which define the reality that how to maintain the disciplan and some times it become difficult because seniors did not share their success stories. If seniors do this than forex become more easy for us.

In my experience that discipline in forex trading is that every day you sit in the market and analysis the market and take trading decision on the basis of your analysis. You follow always all rules of trading, never frustrated and control emotion.

[oscar]

be a disciplined trader is an obligation to be able to achieve the dream of business success in forex ..
many newbie traders have failed in forex business because they are unable to implement discipline in their trading activities

[dmambi]

There are many mistakes that should be avoided by newbies while starting Forex trading, but practically unless we suffer from them we won't be able to do it. The lesson learnt by mistakes is worth of it unless we suffer small loss with small lot orders.
Newbies should never trade with large lot with huge profit expectation without the in depth knowledge of this market.

[Maham Gill]

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.

agr beginners be mistake karna to pahra hamaara jasa logon ko ka bana ga wsas beginners us waqat mistake karta han ya to wo apan emotion ko control nahi karta or dossara lack of discipline be boht dana rakana parta ha es laya mauja pata ha ka trading main boht kauch hota ha.

[fxlover]

disciplined is the main key of successful life. but newbie can not trade with disciplined from the first time. they made some mistake and fall in loss when they trade for first time. gradually they understand how to trade and how to be disciplined.

[Nabi Ahmed Gill]

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.

dear agr expert be loss gain karta han trading main to phar to unka to allah he hafaz ha es lya main ap ko ya kaata hoon ka ya lack of disciplie he kaala ge ka koi expert be apna sara ka sara balance he kho data ha es laya main ap ko ya kahta hoon ka exprt ko assi glati kabi be nahi karne chyia.

[deep thought]

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.