Jump to content

Exchange Blog Cryptocurrency Blog


All Pips



Forex Mistakes That Newbies Make


princewahaj

Recommended Posts

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.

This is the nature that most of newbies want to earn as fast as they can without thinking about their skills and experience, are they good enough to withstand and create more profit. I also agree with this and also did this before when i was still newbie.

Link to comment
Share on other sites

  • 2 weeks later...

newbies make mistake due to has no good understanding and strategy. but when they are take learning and training, they'll has understanding and start to know how to read market and perform well analysis. there are chance to gain good result when we are has skills and strategy. during learning, make sure that we are able to generate profits more than losses, before we are start to jump to trade on live account.

Link to comment
Share on other sites

That is understanable because they are such a newbie, and don't know much about forex yet. Some of them even become arrogant just with few profits that they made so far, that could lead to overconfidence. Emotion, lack of knowledge and experience is the common mistake which mostly newbies always make.

Link to comment
Share on other sites

newbies has no good understanding which enabling them to perform effective trades. when we are take no learning and training, do not expect to doing good and make profits. there are many problems which we will face, but if we are prepared with knowledge, we will able to make risk of loss stand minimize.

Link to comment
Share on other sites

I think, traders who are still learning in forex also will make mistakes. I think it's common thing. And as we know that forex also can be predicted with certainty, so we must be careful.

Commong and understanable but don't let something like that invaded you. I mean making mistakes even for expert still a reasoanable things that could happen. Newbie tend to make more mistakes compared to the experts something like emotion or lack of experience is the main reason.

Link to comment
Share on other sites

Commong and understanable but don't let something like that invaded you. I mean making mistakes even for expert still a reasoanable things that could happen. Newbie tend to make more mistakes compared to the experts something like emotion or lack of experience is the main reason.

 

yes, indeed often make mistakes newbie, professional traders become a newbie too often make mistakes, and it is a common thing. but we can make mistakes into success if we learn from our mistakes and continue to improve trading skills

Link to comment
Share on other sites

yes, indeed often make mistakes newbie, professional traders become a newbie too often make mistakes, and it is a common thing. but we can make mistakes into success if we learn from our mistakes and continue to improve trading skills

Such as Controlling emotion, lack of knowledge or lack of experience is the main mistakes for newbies. Mistakes can be forgiven but it would be much better than any mistakes made by newbie be learned and made lessons.

Link to comment
Share on other sites

Such as Controlling emotion, lack of knowledge or lack of experience is the main mistakes for newbies. Mistakes can be forgiven but it would be much better than any mistakes made by newbie be learned and made lessons.

 

 

yes, we can forgive mistakes but the important thing is that we can learn from mistakes for better trading. for beginner mistakes is very reasonable, but if we want to succeed then we need to learn from mistakes. And we must also improved trading skills well

Link to comment
Share on other sites

yes, we can forgive mistakes but the important thing is that we can learn from mistakes for better trading. for beginner mistakes is very reasonable, but if we want to succeed then we need to learn from mistakes. And we must also improved trading skills well

That is right, We can forgive ourselves and make a better life as trader for us. But i disagree with your post saying beginner mistake is very reasonable, because even advanced traders they could make a mistake too. You don't have to trade like GOD, just make more profit than more loss.

Link to comment
Share on other sites

  • 1 month later...

Dear if we are a beginner then we have to do forex practise in demo acount seriuosly .if we not spend much time in demo then we can't get much skill so first start demo after that try real acount because we make mistake which is done by us but we gave no idea about it .get proper skill and then start forex if u want to earn some profit in the forex work.

Link to comment
Share on other sites

Overconfident or does not have any confidence at all is one from some mistakes that many newbies created in their career as fx trader. It is normal especially if you don't know what to do or this is your very first time. I think to solve this issue is only by learning about it and keep practicing, as long as you spend your time in demo account loss won't be a big issue.

Link to comment
Share on other sites

Most common mistake of a newbies is believing that forex trading is easy for them even if they don't study forex trading properly. Its because they think that theirs only buy and sell. Up or down. Bullish or bearish trend so how hard is forex trading? But in the end we loss money if we don't have right education.

Link to comment
Share on other sites

According to me the most common mistake held by every newbie trader, is not having knowledge and experience. New traders become impatient and don't spend enough time in learning forex. Therefore they fail to get success in this business.

As for knowledge and experience that is something normal if they don't have it, since they are beginner. The problem is actually related to their willigness and their view about forex, some think forex is totally easy and just with few clicks like PTC site, but it is more than that which need more analysis.

Link to comment
Share on other sites

  • 4 weeks later...

As for knowledge and experience that is something normal if they don't have it, since they are beginner. The problem is actually related to their willigness and their view about forex, some think forex is totally easy and just with few clicks like PTC site, but it is more than that which need more analysis.

 

KNowledge and trading experience will help us to increase our trading result. We can start trading with demoa ccount and in this account, we can explore about forex further more. But to start trading with real  account, it would be better if we use small amount or even in cent account like i get in TenkoFx.

 

TenkoFX investment forum for PAMM account investors

Link to comment
Share on other sites

Well that is the ideal image of trading which all newbie should follow but the condition usually made those newbies must leave that ideal image. I still see experience as the biggest reason of mistakes, i know this will be happen sooner or later but with more experience we can minimize more loss, and don't only learn from your experience but also from the others experience.

Link to comment
Share on other sites

KNowledge and trading experience will help us to increase our trading result. We can start trading with demoa ccount and in this account, we can explore about forex further more. But to start trading with real  account, it would be better if we use small amount or even in cent account like i get in TenkoFx.

 

TenkoFX investment forum for PAMM account investors

 

yes, knowledge and experience is very important in forex trading. to have the knowledge and experience will allow us to improve trading results with both. for that we need to learn and practice trading with a well so that knowledge and experience we will increase

Link to comment
Share on other sites

  • 2 weeks later...

yes, knowledge and experience is very important in forex trading. to have the knowledge and experience will allow us to improve trading results with both. for that we need to learn and practice trading with a well so that knowledge and experience we will increase

Both are important in forex trading and as a trader, we need to prepare ourselves with that. Try to use demo account to make us be able to improve our trading skills, get more experience about forex trading. We also can take part in demo contest if broker hold trading contest.

Link to comment
Share on other sites

yes of course, we do need to prepare well, forex is high risk, with a good preparation will make us able to trade with the maximum. for that we need to have a demo account trading careful preparation, and we also need to use a demo account first well

Link to comment
Share on other sites

According to me the most common mistake held by every newbie trader, is not having knowledge and experience. New traders become impatient and don't spend enough time in learning forex. Therefore they fail to get success in this business.

How can that be a mistake? The main reason why they are called newbies is because they are still new in forex trading. So of course they have no or limited knowledge and experience yet when trading in forex. That's why its never a mistake since no one is born to have experience and knowledge in forex trading. We all started as newbies and we all going to experience .

Link to comment
Share on other sites

There are a lot of mistakes that you could line up one by one and i think from this 20 pages we already talked about those all, It is better if we have some solution to solve the mistakes that newbies make, with this it will help them to getting through many kind of problems. First is emotion and then lack of experience could be solved by training only, the more we train and it is effective i'm sure we could change ours..

Link to comment
Share on other sites

  • 1 month later...

every trader ever made a mistake and we need to be able to learn from kesalahana, therefore we need to do an evaluation to determine fault trading our trading. With the evaluation we can improve our trading mistake

 
Lots of practice and evaluate our trading is a great way to improve our trading skills. To test the ability of our trading, both the ability to generate profits, manage risk and money management skills, you can try trading with TICKMILL and become Trader Of The Month. 
Link to comment
Share on other sites

I think also that half baked knowledge could be so dangerous and misleading.There are those who go into Forex with little or no knowledge of how to trade in it or how to even become a trader with success at heart. Forex is a place where you need to learn how to understand the business well enough in other to make the best off it and make it something you can be proud of.

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...