Jump to content

Exchange Blog Cryptocurrency Blog


All Pips



Forex Mistakes That Newbies Make


princewahaj

Recommended Posts

I think this is because of the greediness, they want fast money and easy money. They don't know that forex is hard worker's job and also a tough one. EA of the month issue should be lowering if traders want to realize what is the forex is.

 

whereas in forex trading we should not be greedy. greed will only make our trading loss. all that happen in forex trading   is difficult to predict so well that we need to trade with the maximum and do not  greed to disturb our trading. to minimalized greedy we can  have trading   plan

 

Link to comment
Share on other sites

whereas in forex trading we should not be greedy. greed will only make our trading loss. all that happen in forex trading   is difficult to predict so well that we need to trade with the maximum and do not  greed to disturb our trading. to minimalized greedy we can  have trading   plan

 

This is the misconception that happen, newbies still okay to be greedy but remember that you must control your own greedy. Being greedy at the right time could bring profit, but in fact newbies cannot even control it which make it so bad.

Link to comment
Share on other sites

Trading big amount of money in forex trading is the main reason why newbies loss. I do know that its really hard to sustain and maintain our trading account and in the long run we can all deal with good money in here if we only focus on having more and more trading capital. I can sustain and maintain my trading account for good in forex trading if we only know how to handle our trading account properly.

Link to comment
Share on other sites

This is the misconception that happen, newbies still okay to be greedy but remember that you must control your own greedy. Being greedy at the right time could bring profit, but in fact newbies cannot even control it which make it so bad.

 

we know that the market is difficult to predict, especially if we are beginners who do not yet have the skills and experience of trading are pretty much so with greed will only make our trading loss. for beginners do not rush to get a big profit  to enjoy the process of trading while learning

Link to comment
Share on other sites

we know that the market is difficult to predict, especially if we are beginners who do not yet have the skills and experience of trading are pretty much so with greed will only make our trading loss. for beginners do not rush to get a big profit  to enjoy the process of trading while learning

If that is totally difficult for new traders, then they don't have to be so reckless trying to trade. They should realize they need demo account first and keep practicing there until they can reach new level and then start to drift to real account.

Link to comment
Share on other sites

If that is totally difficult for new traders, then they don't have to be so reckless trying to trade. They should realize they need demo account first and keep practicing there until they can reach new level and then start to drift to real account.

 

Yes, and we also must learn from our mistake to make us be better trader in forex. Make practice using demo account will make us get more experience about forex and surely it will help us to get more maximal result.

 

"Invite your friend, get $10 and win $5,000"

Link to comment
Share on other sites

AS a trader, we must try to more improve our trading skill to make us be better. Mistake must be learned to make us be better in managing money, make more profit  in forex. I think, every trader also ever experience it. Try to use small amount first if we want to start trading with real account

Link to comment
Share on other sites

If there were a few mistakes then areas where traders lacked could have been covered in a small matter of time but since there are a lot of weak areas a newbie has, so this implies that he needs a lot of practice in demo account in order to get himself ready before breaking into the real trades.

Link to comment
Share on other sites

  • 1 month later...

frequent mistake made by newbie is that a lot of newbie who does not use SL when trading. With the SL greater risks could have minimal so well that we were able to make profits in forex trading is comfortably. for that beginner always must using SL when trading

Link to comment
Share on other sites

If there were a few mistakes then areas where traders lacked could have been covered in a small matter of time but since there are a lot of weak areas a newbie has, so this implies that he needs a lot of practice in demo account in order to get himself ready before breaking into the real trades.

We need to that, because in my own opinion that newbies should covered those things. Weak areas shouldn't be leave here alone, if you do that it will lead to more losses and loss. Demo account is one of the good place but real account gives the real challenge that could do rapid changes.

Link to comment
Share on other sites

every trader never make mistakes but mistakes are made not to make us worse off and give up with forex. we have to correct our mistakes then our trading will be maximum and comfortable. we can evaluate the trade then  mistakes we make can be  minimalized well

Link to comment
Share on other sites

every trader never make mistakes but mistakes are made not to make us worse off and give up with forex. we have to correct our mistakes then our trading will be maximum and comfortable. we can evaluate the trade then  mistakes we make can be  minimalized well

I think that is right to certain extent, i do believe that newbies make mistake intentionally but it does not mean that we must tolerate that over and over again. Usually this kind of emotion mistake where traders tolerate over and over again. It is better to find the solution for it.

Link to comment
Share on other sites

I think that is right to certain extent, i do believe that newbies make mistake intentionally but it does not mean that we must tolerate that over and over again. Usually this kind of emotion mistake where traders tolerate over and over again. It is better to find the solution for it.

 

yes, we do have to find a solution. the evaluation of trading then we will be able to know our trading mistakes and we can fix it. and continuously improve the ability of good trading is indispensable in this forex trading

Link to comment
Share on other sites

mistakes that newbies make is trade aggressive, and open positions whenever they want. however, such thing common since they are has lack knowledge and experience still. if they are take learning, and know how to perform proper analysis, has chance that they will able to make profits more than losses.

Link to comment
Share on other sites

Most newbies always make the mistakes of trading with emotions.Emotions are bad for forex trader as they can alway lead one to losses.Most newbies always take forex as a gambling or casino.With this kind of mind in place,it will be too dangerous to make it in forex.forex must be strategic and taken with lots of care.

Link to comment
Share on other sites

A lot. Let's say they mix up emotions with Forex which is always their starting point of failure. Traders most often treat Forex as though it is place where they can easily react with the way their emotions are and they can achieve all that which they dream of and that us the point they usually start losing a lot of things in the market.

Link to comment
Share on other sites

newbies has no good understanding and strategy, they are has tendency to trade reckless, unable to generate profits and stand sustainable. however, when they are prepared, take learning and constant training, has chance to be improve and start to make good result. from complex market.

Link to comment
Share on other sites

A lot. Let's say they mix up emotions with Forex which is always their starting point of failure. Traders most often treat Forex as though it is place where they can easily react with the way their emotions are and they can achieve all that which they dream of and that us the point they usually start losing a lot of things in the market.

Mixing up your trading with emotion is not really bad but just know when is the right time you should do that. Being greedy at the right time means that you could reap more profit, with let that emotion to guided you not overwhelm, i am sure you will be able to make profit. I often did it, like setting up at higher TP if i enter the market early.

Link to comment
Share on other sites

Many newbies just try to keep on trading even though they don't know how to trade. I do love to see myself having more profit. But we don't see ourselves having big loses  and the effect that we end up losing much much more. this is why I do recommend that we stop thinking of doing some trade and start focusing on making some big learning leap.

Link to comment
Share on other sites

lack of experience and skill of trading is the biggest mistake a newbie. they are in a hurry to trade without trading experience and considerable skill. So often they experience losses. in forex we do not need to rush when trading we need solidified our trading skills and experience.

 

Lack of trading experience will only make us get loss in forex. That's why trader must prepare themselves before trade in forex using real account. We must have good trading skills if we want to get more maximal result in forex. Learning from a mistake will make us be better.

 

"Invite your friend, get $10 and win $5,000"

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...