Best tips and tricks

[JimmyChoo]

common mistake is okay but same mistake again and again is not a common thing.

 

[NeilKruger]

Common mistakes which traders make is to not understand the risk- reward ratio and bringing emotions while trading.Most traders ignore these mistakes and jump into other trading strategies without realizing where they went wrong, so with proper knowledge, analytical skills should also be present. Best tip to enhance trading is constant learning.

when you have poor trading money management then no way to bring good amount of profit by using any kind of trading strategies.

 

[Henry520]

but as a new trader that is really difficult to build a strong money management.

 

[PeterNguyen]

as new traders, they lack experience in good risk/fund management. New traders should only commit low budget with the goal to learn and get better at trading then focus on profit later once they improve.

 

[Claudia Costa]

Being a new trader, it is best to keep yourself updated on market trends and should learn about good risk management like stop loss, understanding the risk of leverage, and good trading plan to avoid losses.

 

[BearArmada]

The main reason I feel is the lack of trading psychology which leads to making trading decision that are influenced by emotions and results in losses.

 

[NeilKruger]

due to this emotions level most of the time we fall a great trouble especially during news. but this cant be controlled completely.

 

[HostStomp]

Some of the tips you can follow:
Always have a trading plan

Predefine your position size, entry/exit level

Follow it strictly

Imply strong risk management

Maintain the right trading psychology

 

[Henry520]

most of the time risk management works to fail , because market is much volatile and no way to predict the market with certainly.

 

[Henry520]

i like to depend on Forex , because its really a royal business than others. generally we the take Forex as money making place and this greed comes from making profit from demo account.