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    Thread: Overview: Avoidable mistakes forex day traders make.

    1. #21 Collapse Post
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      Yes it has been explained very well most of the mistake and faults made by beginner are these and they should must keep in mind these mistakes to work in the Forex these are as follows
      Poor money management is the biggest cause to loss in the forex learning and poor knowledge of trading before entering into the market.overtrading is Also very common mistake that is being used by the new members greed is second name of overtrading and it must be avoided in order to be successful in the trading


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    3. #22 Collapse Post
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      There are some mistakes that we can avoid by default but we don't possess the will power to understand them and avoid them altogether, apparently there are to some things that we have not understood about the forex market before we take anything trading in the forex market because there are people who will always make trading decisions regarding the business whether what they are about to get themselves into meets with their trading requirements or not, that is basically the wrong method that we can apply to earn something significant in the forex market, there are more opportunities to makes money from across the market than what we anticipated, let's just understand money management and strategy that we have used always.


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    5. #23 Collapse Post
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      There are a lot of avoidable mistakes that we see traders make in Forex all the time,some out of ignorance others out of blatant refusal to follow the rules,the use of stop loss should not be negotiable at all,it is something that should be part and parcel of the trader you do not need to be reminded about using stop loss,money management as a rule also should be compulsory it is a tool that all traders must have handy,it is what is going to protect your trades in the market too so it is very important,a trader should never make the mistakes of not using good money management whenever they are trading because the cost will too much to bear.


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      Overview: Avoidable mistakes forex day traders make. We can avoid all the margins call that we have experienced in the forex business provided we have something important that we have done, many times we have been having many challenges because of the way we attempt to trade in the forex business because most of us are thinking getting money fro the market is reducing our hard work, which is recommended for ourselves because we have a consciousness that we can accomplished successfully without passing through all the learning processes that are required in the forex business, sometimes we do understand what we need from the forex market before we trade, that is why we have used up our money without getting something worth it from the market, we can avoid this type of thing.


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      If we fall into mistakes that can be avoidable in the forex business, maybe we don't understand what we have come here to do accomplished yet because there really some basic knowledge that we therefore need to have in our consciousness as we trade in the forex business and the example is money management and then patience, if we cannot make these things a part of the way we trade in the forex business then we understand that many things would automatically happen that we are not going to be happy about, sometimes the way we trade in the forex business is something that we need to change because that attitude is what has majorly been responsible for all the challenges that we have passed through previously in the past.


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      The day trading is a kind of trading in which the trader babysit his trading and allow it to run although this kind of trading is very most especially for those that doesn't have much time to sit on their computer or even to those who take forex trading business as a part time business this kind of trading look good to them and is delivering good result but it has to be careful manage as we all know that knowledge is the basis to which the trader triumph in trading and having this knowledge and be vast about it , sometimes the day trader still make some common and repeated mistake .In the first instance some day trader doesn't carry the news release alongside in their trading , similar to this is their failure to have a very wide stop loss in the market ,some even don't bother to have a good trading plan.All these are the common mistake made by the day trader in forex trading market


    9. #27 Collapse Post
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      In the excessive leverage recreation of retail forex day buying and selling, there are sure practices that can result in a entire loss of capital. There are 5 not unusual mistakes that day investors could make in an try and ramp up returns, but that ultimately have the alternative effect.Secondly, a larger return is needed for your last capital to retrieve any misplaced capital from the initial dropping alternate. If a dealer loses 50% in their capital, it's going to take a a hundred% return to deliver them again to the original capital stage. Losing big chunks of money on unmarried trades or on single days of trading can cripple capital growth for lengthy periods of time.There is likewise the easy fact that as volatility surges and all types of orders hit the market, stops are brought on on each aspects. This often consequences in whip-noticed like action earlier than a fashion emerges (if one emerges within the near term at all).


    10. #28 Collapse Post
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      It is quiet obvious that many newbies in forex find it difficult to avoid some mistakes in forex and that is the reason why many newbies fail and quit forex trading. Making a mistake is a normal phenomenal in forex but having to repeat the same mistakes over and over again result to having a bad trade or unsuccessful trade.
      There is no trader that does not make mistakes but there are some mistake we can avoid if we are disciplined traders.
      Some avoidable mistakes new traders make are
      1. Failure to make a plan. Most of the newbie in forex come into forex and start trading without having a plan and and this kind of mistake can be avoid before placing an order only if they plan first before they enter the market
      2. Lack of strategy. Newbie make a mistake of not having a good strategy and in the forex market if you must succeed then you must have a working and profitable strategy.
      3. Failure to use a stop loss and take profit. This is the most mistake newbies make because most of them when there are in the market and see that the market is moving they will just place an order without a stop loss and take profit.


    11. #29 Collapse Post
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      In the beginning time it will be happen for every trader when we can start this business and doing a lot of mistakes when open any order it will be give negative direction moves because we have no proper knowledge and information of moving market in this situation we can face loss and loss and no one guide us properly how to make profit from this business, when we are new trader the need to get basic skills and avoid high risk trading which will be the main reason of margin call we have only thing in our mind which will be money and try to make our account double in this situation we can get loss and loss and many times account will be washed if we can get in basic information and have knowledge how to use tools stop loss and take profit and have trend information can survive with any type of strategy will be more easy for everyone, we need to get proper analysis when was the market and have goal how much we can earn daily for market when we can enter with proper plan and share capital how much decrease today then our mistake will be minimise and profit will be increase and get success in this business.
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      Mistake can happen in the business then there are some that are outright avoidable but we don't seem to have paid the right attention to those things that would make it difficult to get something from the live account that is why we have seen that many people are getting into trouble because of their attitude towards the business, whenever we engage in the forex market, there are some challenges that we may have that could make it impossible to gain success at the end of the day, but consistently getting signals that are right and then making some mistakes later will not change anything much as we already understand that there are issues together that would make it possible for us to gain success irreconcilable in the forex market, this can make trading more interesting.


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