Mistakes to avoid for beginners / Inability to manage orders.

[Achyuta]

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 is very harmful for all traders if newbie can trade with mistakes the he don't earning form forex market forex is very risky and if any one want earning then trade with patient

[naqash]

My dear friends all beginners must keep in mind , there is no business in the universe that has no risk chances , but the risk does not means you are finished , just believe in you and try it until you become a good trader . and always avoid the greed , it will destroy you , you will be a looser when ever you got greedy ,

[apple5]

what mistakes beginner do in their trading like not using stop loss and target profit. using target profit and stop loss is very much important in forex because if we don't use this method we may lost our whole investment.so beginner should take good care of this thing.

[kumuranforex]

be the great trader ever .. beginner always making same mistakes again...are making is the limited dealing that they make on the trial consideration but the Purchase control is essential so that we can secure our stability as well as our benefit....This consist of good control and danger control. Most investors fall short to focus on this matters ..... In my opinion the major mistake that the new investors

[rahulacollege]

Forex market is the largest market in the world which operates 24 hours daily. As a beginner a trader should understand the money management well. You need to have a trading edge. Discipline is a also very important For Forex trading success. He should not go for a higher leverage as a beginner. This trade is a risky job. so get ready to face losses as the same way as earning a profit. If one is winning the other trader has to loose, so we should be able to understand this and try to control emotions as well. So get the hands on a demo account and practice. Read a lot of articles about Forex and associate experienced traders and get advice from them too.

[abdulqadoos]

Most beginners see money and not what these king of trades work, they see how they look like and make sure that when you are trading and make sure you are good in trading, Forex market is the best and can make you understand what you have in your account does not reflect what you can do to avoid losses.

[rokib]

I also think money management and risk management is very important for forex trading success. I always try to get information about forex trading and learn more. I believe that if anyone can try with good knowledge about forex trading then it is easy to get profit.

[rdx_00]

i think that forex is the good job in the world. 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.better job................................

[kingfoxy812]

Risky and money management must be learn and be hold with caution when trading to. Avoid incurring losses

[levy]

managing orders in my trading is already a higher level again, if we want to do management order, make sure if we can master our psychology right, because if we can not do that, we will certainly be chaotic management,