standart Posted April 16, 2013 Share Posted April 16, 2013 trading world is about loss and profit. sometimes we get profit and if not make proper analysis, maybe trading result is loss. but loss in trading is something important because it give lesson to traders that they maybe make mistake and need to make necessary evaluation. by it, traders will promise to their self to not repeat same mistake again. Quote Link to comment Share on other sites More sharing options...
pepy Posted April 16, 2013 Share Posted April 16, 2013 It is very hard to get win win situation in forex, since there are someone that loss their money, there are someone that will get profit from action that they do. but we must understand this situation since forex is win loss situation, every traders especially newbie need to understand and set their mind first. Quote Link to comment Share on other sites More sharing options...
danielle27 Posted April 17, 2013 Share Posted April 17, 2013 Every loss means alot for a trader. But it doesn't mean that you will always experience this humpy-bumpy thing. This is another analization for you to look for the wrong ones. And at the same time, correct that mistakes. To achieve success in forex trading. Quote Link to comment Share on other sites More sharing options...
saibaba Posted April 18, 2013 Share Posted April 18, 2013 forxe trading is the world wide business in the online an every person wanted to learn trading an gain some huge profits in the trading without knowing any basic skills at the time experiences then mostly newbies will be doing same mistake an losing there amounts in the trading and keeping more patient is mots important in the forex market Quote Link to comment Share on other sites More sharing options...
danielle27 Posted April 18, 2013 Share Posted April 18, 2013 If a newbie invest in forex without even a bit knowledge and experience, and the only thing he wants is to gain money out of trading, he will definitely lose all his chance of winning and gaining profit. That is one of the biggest mistake a newbie can make, doing without thinking. Quote Link to comment Share on other sites More sharing options...
uncle gober Posted April 18, 2013 Share Posted April 18, 2013 If a newbie invest in forex without even a bit knowledge and experience, and the only thing he wants is to gain money out of trading, he will definitely lose all his chance of winning and gaining profit. That is one of the biggest mistake a newbie can make, doing without thinking. Yep, I'm sure it will be happen. Many new traders doing that, they didn't practice a lot with demo account, they decided to making some deposit anddreamingto get a huge profit. In fact , theylose all their deposit money. Quote Link to comment Share on other sites More sharing options...
danielle27 Posted April 19, 2013 Share Posted April 19, 2013 That is an example of what I meant in my posts. Huge capital doesn't assure you to gain huge profit too. It will depend on every traders knowledge and experience in trading. Investing without exact analyzation and evaluation of what are you heading and entering is a big loss of investment. Quote Link to comment Share on other sites More sharing options...
pepy Posted April 19, 2013 Share Posted April 19, 2013 That is a common thing and if we saw in many forum, this thing already discussed many times, it is usually around the knowledge and experience, so i don;t see anything difference between it. in fact i also keep wondering will it be exist when only less than 25% traders that will loss their money in forex. Quote Link to comment Share on other sites More sharing options...
bimal321 Posted April 20, 2013 Share Posted April 20, 2013 Lack of knowledge and invest huge money are forex mistake that make by newbie - most of newbie start trading without having good knowledge about trading market. Forex market is risky market so huge knowledge about market is essential for trading, those who start trading without knowledge surely have to face loss and another mistake is invest huge amount in market for making huge profit, we have to learn manything and should make good strategy for making profit. These are the common mistake made by newbie in forex market. Quote Link to comment Share on other sites More sharing options...
indieover Posted April 20, 2013 Share Posted April 20, 2013 because newbie would be so excited to make a lot of money fast early on. that's why they would lose a lot and they would invest a lot because they would want to hit big right away. i think a lot of us was guilty of the same thing. not unless you had a mentor that would help you make decision Quote Link to comment Share on other sites More sharing options...
budado Posted April 20, 2013 Share Posted April 20, 2013 Trading in real account right away. this is the most common mistake of newbies. they feel that they are wasting their time if they going to trade in demo account. So instead they want to try real account right away and the result is just so darn bad because they can end up losing so much when they trade in real account without any knowledge about forex trading. That's why I do recommend that we invest our time in demo account first. Quote Link to comment Share on other sites More sharing options...
danielle27 Posted April 20, 2013 Share Posted April 20, 2013 We all came from being a person you're talking about. We're just human, we cannot deny that we were also just like that before, wanting to have fast profit. But then its natural, their mistake is investing huge early in real account not in demo account first. Quote Link to comment Share on other sites More sharing options...
indieover Posted April 21, 2013 Share Posted April 21, 2013 Trading in real account right away. this is the most common mistake of newbies. they feel that they are wasting their time if they going to trade in demo account. So instead they want to try real account right away and the result is just so darn bad because they can end up losing so much when they trade in real account without any knowledge about forex trading. That's why I do recommend that we invest our time in demo account first. Â it is just tempting for the newbies to go right away to the live account. because they would read the wonderful stories of the successful trader. they just want to make a short cut ot their success. they would think that they can make something to reach success without doing what the other successful trader had done when they were just starting. Quote Link to comment Share on other sites More sharing options...
bimal321 Posted April 22, 2013 Share Posted April 22, 2013 Trading in real account directly is one of the biggest mistake that newbie make. All human have unlimited wants so all tries to maximize their profit in short time. We should utilize our mind fully, shortcut way may cause accident. I want to say that never trade real account directly without practicing in demo account. We should have good knowledge and strategy to make profit so demo account is one of the best way to get knowledge about market. Quote Link to comment Share on other sites More sharing options...
danielle27 Posted April 24, 2013 Share Posted April 24, 2013 I strongly agree. Going into the easy way, will definitely cause you trouble regarding your investment. A newbie must take the long road, if it will give you success. Cause if one will take a shortcut, he/she will do less effort, but then it will bring you to losing all your efforts and investment. Quote Link to comment Share on other sites More sharing options...
indieover Posted April 25, 2013 Share Posted April 25, 2013 actually, the easy way can be the hardest way because you would make a lot of mistakes when you do try to find a short cut so in the end you would keep on relearning things every time you have made a mistake. but if you do it the right way. it may take longer as it seems but actually you would save yourself a lot of time and hassles. Quote Link to comment Share on other sites More sharing options...
budado Posted April 25, 2013 Share Posted April 25, 2013 If we spend more time in demo account we can end up accomplishing more and yet we end up not earning at all. I know many don't like to loss money in forex and yet many also don't even try to learn how to trade in demo account. This is the main reason why so many end up losing money in forex especially newbies. That's why if we really want to succeed in forex we need to make sure we know how to trade in demo account first. Quote Link to comment Share on other sites More sharing options...
danielle27 Posted April 26, 2013 Share Posted April 26, 2013 If one will spend time studying about trading in demo account, he/she must learn it here first. Cause the world is bigger outside in real account than in demo. Newbies has their similarities regarding losing investment, which is taking the risk early, trading with big investment, just to earn bigger profits too. Quote Link to comment Share on other sites More sharing options...
savehouse Posted April 30, 2013 Share Posted April 30, 2013 If we spend more time in demo account we can end up accomplishing more and yet we end up not earning at all. I know many don't like to loss money in forex and yet many also don't even try to learn how to trade in demo account. This is the main reason why so many end up losing money in forex especially newbies. That's why if we really want to succeed in forex we need to make sure we know how to trade in demo account first. Â i guess the primary reason why newbies fail is over confident they used with the demo account,and more over newbies tend to ignore the emotional feeling involved in trading the real account and i guess that why newbies get it wrong, controlling their emotion is one thing that's hard to understand control and it offen take time to overcome Quote Link to comment Share on other sites More sharing options...
danielle27 Posted May 1, 2013 Share Posted May 1, 2013 Any wrong decision can lead to losing your investment. Every little ideas, thoughts, advice should be consider and understand. For a newbie to be able to avoid doing some errors that can possibly result to worst things. Quote Link to comment Share on other sites More sharing options...
standart Posted May 1, 2013 Share Posted May 1, 2013 lack of knowledge and experience is the main issue why beginner facing loss. they are easy to overconfident when they see that they make some of consecutive profit in demo account. they jump right away in live account and finally end up with margin call. but its common mistake and with it, beginner start to understand that they still need further learning. Quote Link to comment Share on other sites More sharing options...
riddick09 Posted May 2, 2013 Share Posted May 2, 2013 Everyone has it's lacking in Forex trading. Both newbies and experts will have the weaknesses and that they can't avoid making losses or even say that it will be part of learning. Still, mistakes can be obvious but not easily become aware when it comes. Well, too much in Forex trading will also have the same effect as what lacks on a trader. Quote Link to comment Share on other sites More sharing options...
danielle27 Posted May 4, 2013 Share Posted May 4, 2013 Jumping right away in real account is the result of being overconfident. A newbie mistakes involved no discipline. In trading, this values is another factor to consider, and discipline must start from oneself. And the rest comes from other traders who will teach you this. Quote Link to comment Share on other sites More sharing options...
humanhope Posted May 4, 2013 Share Posted May 4, 2013 I see that there are many mistakes belong to Newbies. one of those mistakes, Most newbies get a few fortunate investments and they think that the industry will always increase up so they spend everything in just one place, one hundred percent of the investment. Quote Link to comment Share on other sites More sharing options...
danielle27 Posted May 5, 2013 Share Posted May 5, 2013 Yeah, they look like they are just playing games or gambling. Forex is a huge world, and you need to risk huge too. Risking comes with thinking and wider understanding. You dont just invest, and leave it. You need to be smart and wise, cause Forex experience rise and fall changes. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.