Mistakes to avoid for beginners / Inability to manage orders.

[vetra]

yeah you're right ... stop loss and take profit is the facility to adjust the loss and profit ... if you are not on the chart, then you should set the stop loss and take profit ... because if you do not set your stop loss and take profit, then it could be very dangerous ... but if you are in front of the computer, I would suggest to set the stop loss +1 ... or cut loss ...

[sony1]

I like your words for Inability to manage orders. No body talk about this because they experience it but cannot figure it out as failure reason. Some times we did not evaluate our failure and its not possible to find a reason for failure, Its only possible when we evaluate our trades. We should feel the impact of these mistakes as we are trading in real account with money and not in Demo account. Such mistakes can cost us our entire account and with such move our morality will go down heavily and takes very long time to re-build the account. So we should never commit such mistakes.

[shakil7142]

If you be new forex trader in forex,you should avoid to mistake in forex trading.If you do to mistake frequently in your trade,you will be disappointed in your forex trading.

[omariyounessss]

it is true that forex is not a simple business.if anyone can succed in forex he must should be learn this business.otherwise he can fall into loss.so i without learning we cannot do this business.so we must be know this business.

[fxbappy00]

forex is a good work. I like your words for Inability to manage orders. No body talk about this because they experiance it but cannot figure it out as failure reason. Somw times we did not evalute our failure and its not possible to find a reason for failure, Its only possible when we evaluate our trades.thanks..................................... ............

[fxindia]

This a great strategy for newborn traders. It is a part of proper money management. According to money management we should not to take so much risk more than 2%. That means if you have 1000$ capital then you can not open any or multiple trade more than 2$ trade volume. In this way there have 500 pips as backup. So that we can get support for recover our loss by waiting in market.

[buy00]

Forex is a good job. I like your words for Inability to manage orders. No body talk about this because they experiance it but cannot figure it out as failure reason. Somw times we did not evalute our failure and its not possible to find a reason for failure, Its only possible when we evaluate our trades. Good luck.

[Navin Prithyani]

Well dear friend i think that this is very good advice that you have given to me and i very much liked it and i would like to appreciate your efforts that you have complied up this thread for newbies like me so i would say thank you very much ...

[rafiq06]

Who are the beginner in the forex market. they have to follow some common facts. Such as they do not use the high leverage, short time trade, they have demo practice and study with the forex.

[biplop00]

I like your words for Inability to manage orders. No body talk about this because they experience it but cannot figure it out as failure reason. A beginner should always take little risk in Forex trading because if his trading decision is going to wrong then he not face big problem after some time market going to opposite position then he going to winning position then he get inspiration and motivation in Forex trading. I think that Newbies should always keep track of this in order to avoid over trading.