Mistakes to avoid for beginners / Inability to manage orders.

[cream]

We can lern from our mistakes, you can go to success so make sure you give some quality time to forex and then forex will definitely reward you. for me I am just giving some time not all the time but I am just confident that my capital is key and I depend more on my capital rather than just trying different things.

Yes correct you definitely need time if you wish to work in forex. Just a little bit of knowledge and few hours of time is not enough for you to be able to survive in the forex market. You have to invest a lot of your time, attention and constantly keep on learning to succeed!

[samanta]

This is a great mistake that sometime some trader do that placing an order without the stop loss or take profit. We should think properly about proper money management and always be attentive for the account safety. Stop loss helps us to avoid the great risk and take profit helps us to get the profit at a certain price level. Both are mostly important in Forex. I always use them while placing an order to maximize the chance of profit and to minimize the risk of loss.

[Jack]

Trader ko kisi bhi tarah ki trading strategy me agar eik se jyada trade open karta hai to phir woh ush ki badi mistake sabit ho sakti hai aur ishi liye trader ko apne trades ko limit me rakhna hoga aur ush me jyada se jyada do hi trade eik sath open karne ki startegy honi chahaiye aur ush me bhi lot size capital ko dekhkar pasand karni chahiye.

[godiva]

These mistakes were because of the deficiency of seriousness with dealing with You ought to have the influence of such mistakes, even as are working with an actual money accounts and never from the tryout Well, i should not have done that will.

We can lern from our mistakes, you can go to success so make sure you give some quality time to forex and then forex will definitely reward you. for me I am just giving some time not all the time but I am just confident that my capital is key and I depend more on my capital rather than just trying different things.

[menciusforex]

it is rules we should set stop loss and take profit on time. how,when you trading you are hard to predict what is next trend. you entry base on your analysis. normally there are half-half to see your loss and profit. set a proper range will ensure you could earn more than loss

[ali44]

Forex is a good job.the inability of forex currency traders to concentrate and control the amount of orders we take at a time is actually a bad problem. Newbies should always keep track of this in order to avoid over trading.be careful. .

[humayon]

Forex is a good currency business. For example, if you are long on the GBP / USD, you can set up a stop loss that will automatically sell your position if the rate drops to a certain level, pre-determined. Yup placing orders without setting stop loss and target profit are mistakes we make, by doing this we are binding ourself to keep an eye on market which is not possible for anyone because market is 24 hours. I like your words for Inability to manage orders. No body talk about this because they experiance it. Be careful.........

[tumarnamkitha]

there is also have too much of the mistake that the trader need to avoid when they are make the trading on the forex, and the trader is also need to being really careful when they are make the trading on the forex too...THANKS

[tuhin008]

I obligation head hear the basics of foreign altercation instead of the beginner, and reflection by the side of smallest amount six months of sample trading, he would move to the real transaction. If you try to criminal custom decisions, it markets instead of particular while gone with the intention of, he is next he is in a stance facing and walk off into with the intention of stance is specified instead of inspiration and motivation of foreign altercation trading and next a long time ago you move, since it does not admit major problems , beginner, you will need to take a little attempt in foreign altercation trading each time.

[hamzashakeel]

if you are new comer in forex trading then you must avoid mistakes like greed lack of knowledge lack of money management plan simply use take profit and take loss and get profit.