uncle gober Posted December 18, 2013 Share Posted December 18, 2013 yes, our trading skills should be increased further. That way we'll tarding better in the future. as we know forex has a very high risk. With that risk, we are required to have good trading skills. 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 Armada Market and become Trader Of The Month. Each month Armada gives out a 500 USD prize to the Trader of the Month who shows not only good profits, but also excellent risk and money management skills. Read more Trader Of The Month Quote Link to comment Share on other sites More sharing options...
gaban Posted December 18, 2013 Share Posted December 18, 2013 yes, we did have a lot of practice to get the maximum results. to test our trading ability, I tried to be part of the demo contest in instaforex. Here we can test the ability of our trade, our money management, trading strategies, etc.. Quote Link to comment Share on other sites More sharing options...
TenkoFx Posted December 22, 2013 Share Posted December 22, 2013 Most of the new trader have make mistake in their trading. actually they have make mistake in trading for lack of knowledge and also make mistake for their emotion trading. for this reason new traders must learn and control emotion before start trading. Quote Link to comment Share on other sites More sharing options...
budado Posted December 27, 2013 Share Posted December 27, 2013 Investing in real account right away is the main reason why so many end up losing big amount of money in forex trading. I do believe I will have hard time earning in forex and I do believe that I can't survive forex trading right now. I'm so sure that we can all be making big income if we know how to earn big. I'm focusing now on having so much profit in forex right now but I started to invest just six months after I trade in forex. Quote Link to comment Share on other sites More sharing options...
gaban Posted December 27, 2013 Share Posted December 27, 2013 I think it is very difficult for a newbie to control emotions well, but with over time then we can control the emotions well. Therefore, for a newbie better when trading with small capital. With so, risks faced also getting smaller. Quote Link to comment Share on other sites More sharing options...
screw_twizz Posted January 1, 2014 Share Posted January 1, 2014 Simply additionally, they disregarded getting formulations along with supervision that are essential. Beyond doubt should they understand the idea they could atleast decrease the deficits and not supplied their particular dealing bill. Our nation already know of which throughout fx blunder will mean more often than not deficits in your trading. While, it is regular regarding fresh dealers to have blunders. Quote Link to comment Share on other sites More sharing options...
Decub Posted January 8, 2014 Share Posted January 8, 2014 Well, those are nice outlined mistakes. There are sometimes I see mistakes among newbies as almost normal for them considering their level of knowledge. When a trader is still new in Forex, it looks so cumbersome and complex and there is bound for him to make mistakes, but as he goes, he discovers better ways of overcoming them. Quote Link to comment Share on other sites More sharing options...
Rayyanviper Posted January 8, 2014 Share Posted January 8, 2014 Most of the time newbie neglect the risks and they only concentrate only on making profits. This could prove crucial as risk management is a key aspect in Forex Trading. Also, many of them neglect the demo account and went for real trading thus giving a rise in the number of mistakes as they lack of experience. Haste is not a good thing in Forex trading. Quote Link to comment Share on other sites More sharing options...
Decub Posted February 19, 2014 Share Posted February 19, 2014 Another thing is also that newbies attach a lot of emotions to trade. They have that sentiment and emotional feelings to trade and it tends to affect each and every of their trade. Trading is something that we should face with some degree of seriousness and straight forward attitude rather than as a business filled with feelings. Quote Link to comment Share on other sites More sharing options...
standart Posted February 19, 2014 Share Posted February 19, 2014 the chance to be greed and fear widely open since traders have option to use big lot size. and they are deal with risk of loss too. require to have good knowledge and strategy to not let traders get trapped into emotions and make them to conduct over trading or become aggressive. while all of such approach will generate lousy result only. Quote Link to comment Share on other sites More sharing options...
adil007 Posted February 19, 2014 Share Posted February 19, 2014 Well the newbies get attractive to forex seeing good amount of profits which the experts are making and in their early trading they do not take correct risk management measures due to which they get loss due to these mistakes such as setting high leverage and usage of wrong lot size. Quote Link to comment Share on other sites More sharing options...
standart Posted February 20, 2014 Share Posted February 20, 2014 newbies make mistakes when they are trade in live account but without proper preparation. or in other word, traders have no sufficient knowledge, experience and good strategy which enabling them to trade effectively. don't rush and take practice time appropriately. before able to be consistent, traders can't jump trading in live account. Quote Link to comment Share on other sites More sharing options...
tray22 Posted February 22, 2014 Share Posted February 22, 2014 That is the mistake which most of the forex newbie makes they dont want to spend time with their learning because from all indication I can tell you that you need to always try and take serious in the demo account which is what give you that piece of skills to deal with market uncertainty Quote Link to comment Share on other sites More sharing options...
Decub Posted February 26, 2014 Share Posted February 26, 2014 Sometimes, newbies really trade in the real account as though it is the Demo account. They invariably commit themselves by seeing their investment as though it is the virtual capital they have in the Demo account. This gives and leads them to a lot of losses and failures because it tends to make them forget about risks inherent in the real account. Quote Link to comment Share on other sites More sharing options...
gaban Posted February 28, 2014 Share Posted February 28, 2014 @decub , yes, in the real account of the risk occurring is much more powerful than a demo account. Therefore we need to understand the risks well. By understanding the risks then we can do a good risk management. So that the risk can be minimized. For a newbie, use SL when trading. Quote Link to comment Share on other sites More sharing options...
somupriti Posted March 1, 2014 Share Posted March 1, 2014 These are some nice points where the newbies really slips out of the path to profit. One crucial thing I want to point out here is that, besides all these factors the calculative and presumption power also play vital roll in trading with forex. Let me be brief, newbies obviously starts trading with less capital and micro accounts where the lot are usually of 1000 units. So starting with these lots each pip deviation costs only $.10 to the invested principal. Now with only $10 in hand and going with 1 lot and engaging the whole capital money will force you to go with a 1:100 leverage and with each 10 pips reverse trading against your pair, you are going to lose $1 from your principal money. Now to get a margin call the market needs 100 pips reverse trading and with a secured pair like USD/EUR it seldom happens so you can go with a long for better return and have a waiting period. Let us say you want to secure 50% of capital and go with 1:1000 leverage. By doing that you are suppose to lose $.50 with each reverse pip trading and as soon as there is a 10 pips reverse trading occurs you will receive a margin call and your trading will be called up and your balance will remain at $5, which is your reserve money. Now think where is the mistake which newbies often commit with little or no calculation and improper foresight. Â Quote Link to comment Share on other sites More sharing options...
gaban Posted March 3, 2014 Share Posted March 3, 2014 common mistakes made by newbie is not push yourself to keep trading when the target has been met. In forex, nothing can be predicted exactly. for that we need the discipline of trading. shut your trades when the target has been met. Quote Link to comment Share on other sites More sharing options...
standart Posted March 3, 2014 Share Posted March 3, 2014 require complete understanding about market and how the strategy work in every of market circumstances. it will give traders clue what they need to do or don't in trading. many traders mistakes is they are being rush and jump to trading live without proper understanding about market and strategies. Quote Link to comment Share on other sites More sharing options...
gaban Posted March 8, 2014 Share Posted March 8, 2014 newbie mistake that is often made ​​is too hasty to trade forex live trading accounts, trading without sufficient skills, As we know, that forex is a very high-risk business. We need a lot of skills to be successful in forex trading. Therefore, we do not need to rush to a real trading account. Quote Link to comment Share on other sites More sharing options...
kenawly Posted March 8, 2014 Share Posted March 8, 2014 I think the three most common mistakes that most newbies that fail make are using very high leverages which may lead to losing all your trading capital in minutes, using large lot sizes and getting into the real Forex trade without any expertise even before trying with a free demo account. Even myself I failed at first because of the three reasons. Quote Link to comment Share on other sites More sharing options...
gaban Posted March 10, 2014 Share Posted March 10, 2014 bad psychology is the fault of newbie. Due to poor trading psychology then we would be wrong in making trading decisions. As we know, that forex is a very high-risk business. with that risk, then we should have a good psychology for forex trading. Quote Link to comment Share on other sites More sharing options...
Decub Posted March 12, 2014 Share Posted March 12, 2014 It is also fear that leads to the disparity that is found between the real and the Demo account when it comes to the mistakes newbies make. They seem to be engulfed by that fear which is always inherent in the real account especially when they make their first deposit. This takes away the usual fact about how fun it is trading in the Demo and they seem to trade in the real account with a lot of fears. Quote Link to comment Share on other sites More sharing options...
gaban Posted March 20, 2014 Share Posted March 20, 2014 greed, emotion and revenge is a mistake that is often experienced by traders. because then, then we can get a lot of losses. Traders often hard to control the emotions of trading. Therefore, we must be smart control our trading psychology. So that emotion, greed, and revenge can be avoided Quote Link to comment Share on other sites More sharing options...
tray22 Posted March 24, 2014 Share Posted March 24, 2014 We need to apply a good money and risk management if the trader want to earn a dim and that is what i love most. There are so many mistake which the newbie trader make so there is nothing to worry about but through hardwork we can get there Quote Link to comment Share on other sites More sharing options...
gaban Posted March 25, 2014 Share Posted March 25, 2014 Looks like trading psychology is a mistake that is often experienced by traders. many newbie who has good trading skills but has a poor trading psychology. so trading will get maximum less results. For that, we should always train good trading psychology. Quote Link to comment Share on other sites More sharing options...
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