Common Mistake We Must Avoid In FX Trading

All three are equally important to the success of the trader, but most new traders only pay attention to the entry, and maybe the stop.......

Forex traders will often pay attention to their entry price, but often for the wrong reasons. Precise entries are essential for forex traders......

It’s not enough to sell a pair because you think it’s going to go down eventually - the more precise the entry, the tighter the stop, and the less risk per trade.....

The goal of every entry should be to enter the market at a price as close to the price where you would keep your stop as possible......

This often requires patience, and may mean that traders miss out on the occasional trade, but the important thing is to minimize your risk.......

New traders normally don’t make the fatal mistake of not using stops, but most new traders don’t use stops correctly....

A stop should be set at the level at which the trade setup is invalidated. If you don’t know at what level the setup becomes invalidated, you shouldn’t trade the setup......

salam dear frnd i agree q k jab tak hum apni ghaltiyan kum nahin karengen tab tak hum successful trading nahin kar saktey aur jab tak hum success ful trading nahin karengen tab tak hum profit earn nhi kar sakye.

If the level at which the trade setup becomes invalidated is too far away for your risk management plan, either reduce size, or don’t trade the setup......

Too many traders are correct in their analysis, but are stopped out because they didn’t put their stop above the invalidation level........

Other traders throw away money by keeping their stops far beyond the invalidation level, meaning they lose more money than is necessary to trade the setup correctly......

If you don’t know where your stop should be, then the setup isn’t definite enough to be trading, and you should pass on the trade.......

Stops are meant to protect traders, make sure they are protecting you as best as they can.....means they are useful and neccessary for us...........

The target is the part of the trading equation that most new traders ignore completely. In order to be successfully at trading, traders must have a good risk to reward ratio (r/r)........

The target is an essential element of this ratio. Many traders, when asked about their targets, would say “higher” or “lower”.....