Mistakes to avoid for beginners / Inability to manage orders.

[anowarbd]

Some common mistakes that Forex newbie traders make should be avoided strongly. They often become greedy and envious to others. So they should leave the habits. They must leave impatient. They are not supposed to do such behavior to gain their expected goal .

[shahriar1]

Most of the new trader make this types of common mistake . Trader have to learn about stop loss , take profit . Trader must use a good strategy which helps to make money and he should maintain a proper money management which always helps to keep profit in pocket .

[asadkayani345]

When you place a market order and leave it open, it means you enter a trade at market price without instructions to close the order. In other words, you are playing with the total value of your account. In order not to lose everything, he is urged to set up stop loss at each position opening.

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. Thus, you can significantly limit the amount you can lose on a given trade, even if you are unable to sit at your screen all the time.

Similarly, take-profit orders can guarantee a profit by liquidating a position when a predetermined price is reached. So you only need to identify the price at which profits will be taken.

new traders ko main mistakes jo k woh starting mein kartay hain woh yahi hain k woh forex ko bhot jayada easy le letay hain and over trading kartay hain and lalach kartay hain bhot jayada tezi se profit earn karna chahtay hain...

[jawadanwar]

Above all errors in the currency dealing is that of the securing, whenever i protect the industry, the way the relax goes still looks like a mistery to me, this is a fantastic dealing lack of stability.

[malik]

Its only the novice trader who tend to make life out of forex in days or weeks loose the total money. we should really know the risks of every step we take. the important thing is we should have a pln to trade

[blonur]

I think this is really hard to control mistakes as beginners, because beginners are new to on the market that have no experience how to prevent errors, but occasionally as he can and can then recognize that it can avoid mistakes

---------- Post added at 05:10 PM ---------- Previous post was at 05:02 PM ----------

I do not understand, But I want to say with the thread that the forex is really a hard way of living.... if you do not understand the proper system and do not have the real guide of trading..... It will more easier for you when you are able to learn the step by step process of making money of forex....

[DAVID RICHARD]

that is a vantage content for most of the newbies here... i appreciate the efforts put in by you in this regards...
i would suggest you to keep on informing us specified assemblage and send us at alter unhurt tradings.

[hemaabdo]

the problem for the beginner is that they are consider the forex is easy so they delete the management of money so the only solution for them is use low leverage to avoid the loss

[AJAY]

mere khyal se hum jo forex me trade kerte he usse hume mistake to hoti hi he aur ye her trader se mistake hoti he, lekin hume trade kerte rehna chahiye aur apna mistake ko avoid kerna chahiye.

[forexdon]

you are right but think about it that if any one don't want to take the loss so he is not satisfied with the stop loss now so it is very useless for him to put a stop loss if a person have a investment and don't want to loss a single penny in the forex so it is very useless for him to put a stop loss technique