Mistakes to avoid for beginners / Opening too many positions.

[goodprofit85]

I think trader can't ever avoid full mistake within his Forex trading. Following taking appropriate instruction and also appropriate guidence from professional trader, an error in judgment in the frex buying and selling may be minimized. It's the same the primary work for starters to look at appropriate instruction before you go to real trade in Forex.

[naijafxpips]

For opening too many positions is not even a hard mistake. Because i can open many micro lots, as long as it doesn't go beyond my normal lot that is suitable with my trading margin. I trade in multiple pairs, so i open many positions. But i will always consider my margin. So the mistake most newbies do is lack of margin management.

[atiqrehman]

many mistake made by beginner like large position open greed and also make desc ion without market situation and in hurry lose their investments .better way to control these mistakes are trade with low capital and lot size and practice more and more

[goldenmember]

The problem with too many trades is that they all take up margin. They all take up your account and you cannot pay attention to them. If they all go wrong then you can lose a lot of your account. I think that maximum you should have 1-2 trades at the same time even if you see another trade you should wait until those have finished.

[patotcho]

--I think if we learn some tool about trade managment than we can easily handle
more positions because when we open more than one position and use more
pairs for trading than most of new traders remain fail to manage the trading. I think we should go step by step.[COLOR="Silver"]

[arinda]

Pilots call it fighting "fire helmet." This is a situation where too many things are happening around you, preventing you to react properly and creating a situation of intense stress. In the cockpit of a fighter, you can die - as a Forex trader, you are definitely going to die but you'll end up on the straw. Never open more positions than necessary, otherwise you will not be able to respond correctly.

Greediness no doubt create a huge problem for the trader but this is also true that greediness can make us rich
anyways , we have to be the disciline into the Forex and in order to be the discipline trader we need to have the trading to whom we can follow into the trades

[mnfakhar]

During beginning many mistakes occur and humans nature is that he always learn from mistake....but a useful tip for them is that they must adopt 2 to 3 positions at a time and when they are good in this they can adopt many other as well...its only depend upon your hard word

[bilal12]

i think if you are starter then keep one thing in your mind tat always show concentration on the forex trading on your planning on your strategies and do not lose you concentration do not think about the other thing which are occurring with you

[Redcandle]

Opening many postions is a thing that traders to to avoid. yes, you are righ. When traders do this, they must face to more risk in one time they trade. More over, their free magin is less, it can eat their captal very fast if market in opposite trend. They can lose and hard to make return.

[benteng]

A while back I received an e-mail from a very nice and earnest former student. He wrote:
I was always taught and was repeatedly told that when it comes to a break of support or resistance, the confirmation of such a break is a clean break followed by price exceeding the close of the breaking candle.