Please take a look around, and feel free to .
the mistake of the novice trader is not making plans and journals.
I see that the biggest mistake that the most of traders do it is the trade with huge lots and high risk to profit with no plan or money management so this is the reason of the loss to a large portion of traders. So i think that we need to control on this and dependably maintain a strategic distance from the trade with high risk and with huge parts in light of the fact that the trade with plan is the best thing that dependably lead us to the achievement. At least we should follow 1:1 risk and reward ratio because a survey shows that most traders are right in more than 50% times.
I read someone say "short cut", Hahahaa, that is the fastest way to lose all you money. The fastest way to blow your account is trading without a strategy and risk management.
I see that the biggest mistake that the most of traders do it is the trade with huge lots and high risk to profit with no plan or money management so this is the reason of the loss to a large portion of traders. So i think that we need to control on this and dependably maintain a strategic distance from the trade with high risk and with huge parts in light of the fact that the trade with plan is the best thing that dependably lead us to the achievement. At least we should follow 1:1 risk and reward ratio because a survey shows that most traders are right in more than 50% times.
Creating plan is fine but how should we really plan for our money? And after how much time you can expect a fair reward?
Creating plan is fine but how should we really plan for our money? And after how much time you can expect a fair reward?
For me, the most important thing in trading is a conscious approach. I always treat Forex as a job. I do not try to make $ 10,000 out of $ 1,000 per day.
I know people who post on their page "How to make easy money on Forex." And they really believe that the market will pay them.
And when a person lost his money, he wants to win it back.
For me, this is the main mistake. Forex trading is not about simple money for everyone. Forex trading is hard and long.