Mistakes to avoid for beginners / Opening too many positions.

[ForexSurfer]

each trader mistake, the few or even more. however new trader possess a typical mistake they a lot of positions. they think it offer him massive profit, however the not distinct which hoe to they think it. except for a very long time he really truly come to sense it which was a a mistake. and when he is an effective trader he prevent it.

We do make the mistakes many times when we see that our trades are not according to the market expectations and this is why we have to do extra work in these markets. And as i have seen myself that those types of traders who make more money are the ones who have good analytical skills.

We need to learn from our own mistakes

[sanjeesh]

When I note my mistake then I get much success because I avoid doing same mistake next time then If we want to learn something we can make mistakes and this is natural rather than In forex trading loss is part of the game and you have to embrace knowledge so as to know how to do this business less risky let alone i think in this forex trading market every new trader make loss first then make profit but Thomas alfa edison should perform the experiment a thousand times before finally succeeded in creating ligh

[tajmil]

Mistakes to avoid for beginners / Opening too many positions

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.

each trader mistake, the few or even more. however new trader possess a typical mistake they a lot of positions. they think it offer him massive profit, however the not distinct which hoe to they think it. except for a very long time he really truly come to sense it which was a a mistake. and when he is an effective trader he prevent it.

[tubul]

Yes it is very risky that we should not make entry of more than one position. Because in every position there is a some amount of risk. So how much position we take our risk increases. So we should aware of the market and take limited position in out trading.

[harzar]

i realized about the mistake that probably happend to a newcomer and when they see that the market is going in opposite of them they open opposite trade and hence loose all they have in their accounts.

[harekrushna]

Opening too many position does not occur to new traders only,some time due to greed old traders also do the same mistake and for which they have to bear huge loss.
Only after making loss they realize that they did mistake and wont follow the same in future.
I think only experience and lot of demo practice and sanctification to your profit can stop this mistake.

[drjalilahmed]

The problem for a newbie is greedy. They consider if they opened a lot of positions, then the profit gained often greater. Bavaria prefabricated them block if the opposite is etch then they are also major losses.

[sarimiin]

Ause if we don't give attention to rectify our mistakes we will do the same mistake again and again only ake is very bad for traders and i want to avoid all of it when trading so you are right we must just not lose hope and give up every thing we just think about our mistakes and learn a lesson from them and then making good policies we can just get success rather than I've seen many of fellow traders quit and lose hope after they lost their capital in a months time

[tukinem]

Patience is the key to solve everythingso we must be patient when we trade with forexi think in forex tradingtry again and againmoney comes next time so we just keep learning about it and no that He must note down why he fails if he wants to avoid such type of loss again instead of So we should not worry about our mistakes and losses and should try to recover them after all So need to trade very carefully here in Forex trading

[lazhar90]

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.