Mistakes to avoid for beginners / Lack of Discipline.

[lg_pkl]

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.

do not be selfish at the time of the trade and always remember MM so you can keep your account secure
so you too can learn how to trade while we are in the open position and also of the way you see the movement of the market again

[SUZON123456]

i think forex is a good job. 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.good job...........................thanks.............. .....................

[tapu22]

i think forex is a good job. 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.Best of luck...................Thanks..................... ..

[malik]

Aap is market main discipline kay bghair kamyaab ho hi naheen sakty aur discipline ka na hona aap kay pass aik mindset ka na h ona hay jo kay aap say various mistakes karwata hay, sab traders ko chahiye kay wo positively trade karny kay liye apnee trading main discipline lain.

[kashif]

There are so many mistakes that really should be prevented by beginners whereas starting currency trading, however essentially unless we expertise from them we wont be ready to do the work. the category discovered by errors is worth of them available unless we expertise very little loss with very little lot purchases.

[Tuan Takur]

Discipline is good for us to aim our goal here, without disciplines we can't be a professional trader even we have so good trading strategies and good money management, because discipline make us more carefully in our trading decision

[norix]

Disciplined mind is very necessary for a trader to work here properly and int he right way if a trader will not give time to it and instead of staying in discipline if he/she will break its rules then Forex will not give profit to the trader and he/she have to face loss here,but if you are doing good work then you can get success here

yes we must correct in making an idea of ​​applying discipline in trading activity so that we will be able in making transactions and analysis as well as a good strategy fit our style, discipline and self-reliance because we do have our preferred

[zahra]

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.

absolutely right. because emotions are often unstable. when the market is volatile opposite direction of our position, we are adding the same position because we're so confident with our analysis.

[heekma]

Blunders are generally not pretty much self-control, numerous of them are uninformed these are novices. These are buying and selling blindly, and also buy and sell with no principles, and perform Overtrading. These are buying and selling with a extremely " light " understanding.

[hungba]

I wish that adults should do this for new sellers to inform any one entity. I prospect that all old can do it .... It's a nasty statement that the elderly can not deal their genuine strategy .... I agree with your opinion.