Mistakes to avoid for beginners / Inability to manage orders.

[shofiullah]

I guess mistake should avoid by beginner is putting their real hard-earn money at stake in the beginning of their journey in this business. They should try to find a free of charge way to learn the rope. we avoide mistakers.

[Ben Jones]

we don't have much experience and that is the reason for the loss . we don't know any thing about many kind of analysis the commercial traders do know about many things we don't know

[deathzz]

I think there are many beginners who know less about money management and emotional management, even the traders who had long been too often forgotten. they only know about the open position and then hope the price will only follow their wishes.

[pinki je]

je app ne sahi kaha hai a\trades ko amnage be karna ana chahye dekhain ager hum trade pe trade lagaty jain gy to un ko manage karna humary bas main nahi rahy ga aor aik time a jay ga jab humara account he close ho jay ga ya itna loss ho jay ga ke hum recover nahi kar pain gy

[king]

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.

hey every body I guess mistake should avoid by beginner is putting their real hard-earn money at stake in the beginning of their journey in this business. They must be try to find a free of charge way to learn the rope.

[sad]

you are right.it is one of the main rule in forex.it deosnt matter if how near or far but you have to always use a stoploss to limit your loss and protect your capital.when we do not use stoploss everything can get out of control anytime and it is happening to most of the newbies everyday.l think it is rule number one for all of us.

[mojcris]

hello beginners of course I am a beginner too but I have some tips for whom are like me, I recommend you to learn the forex market better than your school lessons because in the school you can pass lessons by getting 10 !!! or less , but here in the market you only have two choices , Win Or Lose!

[abdelmouman]

yes this is one of the reason of the fail of the beginner traders inability to manage there money and orders i think we need to help them and teach them the best way to get how they manage there money, my idea i suggest to trade with the pivot point and dont panic when you enter with a position in the forex

[waqtitrader]

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.

ye mistakes to seniors se bhi hoti haen kioun k koi bhi orer play karna kafi mushkil hota ha or ager sahi wqt par sahi volume se order pass na kiya jaye to phr los he hota ha or ye order kafi soch bichar or analysis k bad he dena chiye app ko

[khanam liza]

without mistake u can not learn properly. For the newbie is common things to mistake. Mistake is always be avoided but if u mistake in ur trade then u can learn for it .