Mistakes to avoid for beginners / Inability to manage orders.

[bjbh427]

that is a good information for most of the newbies here... i appreciate the efforts put in by you in this regards...
i would recommend you to keep on informing us such data and place us at better safe tradings.

[Narr]

its' also called The inability to manage orders
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.

[dmambi]

These mistakes we commit because of lack of seriousness in trading. 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.

[ishvara]

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.

[fxquest]

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 and there may be cases when prices slip much below the stop you have in mind, or may touch your target and slip down

[taufiqbd]

I think a beginner first learn forex basics and then demo trading minimum 6 month, if trader performance is good then he go to real trading. 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.

[Maham Gill]

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.

Mistakes to mistakes hote ha chayio wo mistake beginners kara ya pahr mara jasa newbie kara mistake to mistake hote ha eslayia mai ap ko ya kahta hoon k muaja boht high fide trading karne ha to pahr ap ko boht naksan ho ga ap mistake ko control kaor asa na ho k bad main ap ko pastana para.es laya apna mistake ko control kaor warna loss boht ho ga.

[Maham Gill]

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.

Mistakes to mistakes hote ha chayio wo mistake beginners kara ya pahr mara jasa newbie kara mistake to mistake hote ha eslayia mai ap ko ya kahta hoon k muaja boht high fide trading karne ha to pahr ap ko boht naksan ho ga ap mistake ko control kaor asa na ho k bad main ap ko pastana para.

[Nabi Ahmed Gill]

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.

ya to sub ka lya ha agr ap na achi or best trading karni ha to ap ko sub sa pehala ap apna emotion ko control karna us ka bad ap koi be mistake ha ghazar karna q k agr ap mistkae karta han to ap ko boht loss hona ka dar htoa ha es laya trading main kas kar boht ahat karne para ge kas kar ap mistake ko control karna.

[deep thought]

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.