top 10 mistakes traders make

Achieve success in futures trading requires avoid many of the risks as much as, or more, they do not seek and implement Winning trades. In fact, most traders professionals tell you that it is not any specific trading methodologies that make successful traders, but instead it is the general rules that these traders are fully committed to keep them "in the game" long enough to achieve success.

Here are 10 of the most common mistakes I made traders in futures trading. This list is not in a particular order of importance.

1. Lack of a trading plan in place before the implementation of trade. He said the dealer with the lack of a specific action plan in place when entering the futures trade is not known, among other things, when or where he or she will get out of the trade, or for how much money can be made or lost. Traders with no specific business plan in advance are flying by the seat of their pants, and which is usually a recipe for "crash and burn".

2. Trading assets are insufficient and money management is decent. It does not take a fortune to trade the futures markets with success. Traders can with less than $ 5,000 in trading their own accounts futures trade and do successfully. And, merchants with $ 50,000 or more in their own trading accounts can not lose everything in a heartbeat. Part of the commercial success boils down to the correct money management and not to shoot for those very risky "home run" type of deals that involve a lot of commercial capital at one time that.

3. Expectations that are too high, and very close. Starting futures that you expect to leave them, "business day" and make a good living trading futures contracts in the first few years of trading and traders are usually disappointed. You do not become a successful doctor or lawyer or the employer in the first few years of practice. It takes hard work and perseverance to achieve success in any field of work - and futures trading is no different. Futures trading is not easy, and the outline of "get rich quick" that a few obnoxious personalities make it to be.

4. Failure to use protective stop points. By buying or selling protective stop stop to engage in a trade with the dealer provides a good idea of how much money he or she is the risk that a particular trade, should turn out to be a loser. Protective stop is a good tool to manage the money, but not perfect. There are no ideal tools to manage money in futures trading.

5. Lack of "patience" and discipline ". While these virtues are over-worked and often mentioned when determining what traders lack is successful, not many will argue with the merits. Of course. Do not just trade for trading or just because you have not traded for a period of time. let those very good trading "operations group" come to you, and then work on them in a wise manner. the market will do what the market wants to do - no one can be forced to hand market.

6. Trading against the trend or attempt to choose the tops and bottoms in the market. It's human nature to want to buy low and sell high (or sell high and buy low traders short side). Unfortunately, this is not at all a successful way to make profits in futures trading. Higher college and university down, and are often traded against the trend, which is a big mistake.

7. Allowing the positions of the loss of a very long journey. And most successful traders do not sit on a losing position very long ago at all. It will determine the position and protective tight, and were beaten if they will take their losses (usually minimum) and then move on to the next potential business establishment. Traders who sit on a losing trade, "hoping" that the market will soon turn around in their favor, and are usually doomed.

8. "Trading ended." Many markets trading at one time is a mistake - especially if you are racking up losses. If commercial losses pile up, it's time to reduce trading, despite the fact that there is a temptation to offer more deals to recover lost business assets recently. It takes a keen focus and concentration to become a successful trader futures. The existence of "a lot of iron in the fire" at the same time is a mistake.

9. Failure to accept full responsibility for your actions. When you have a losing trade or are in losing streak, do not blame your broker or someone else. You're the one who is responsible for your success or failure in trading to make business decisions. If you feel that you are not in control of your trading, then why do you feel this way. You must make immediate changes that put you in control of your own desire trading.

10. Lack of access to the larger perspective on the market picture. One can look at the daily chart bar and get a short-term perspective on the direction of the market. But look at the weekly chart or monthly over the long term for this same market can reveal a completely different point of view. It is wise to study the long-term charts, so the perspective of the bigger picture, when you think of trade.

tjabe ka kam hona forex education ka kam hona greeday pan ke sath trading kirna trend ko good way se forcast na ker skna forex ak riskey busines hi as min ap ko bare hi care ke sath hi trading ko kirna chiae forex min jo log market ko good way ke sath forcast kirte hin wo as min kamyab hote hin

My dear friends forex trading market main forex traders ki sab se main mistake yhe hoti ha ke wo forex business ko join karte hin lalachi ho jate hain or is main foran real trading karne ki koshish karte hain or raton rat rich hone ka sochte hain jis se wo loss karte hain.

Yeh forex mai fail hony ki different waja hain jin main aik to humeri greediness aa jate hy second humera emotions aaty hain third humeri jaldi ate hy jes ki waja say hum loss ker dity hain

g han forex me mistakes hi asal waja hay loss hony ki hamy mistakes nhi karni chaye or koshish karni chaye k ham mistakes trading me na karen

Re: Top 10 Mistakes Traders Make

Janab har trader apni Forex ki mistake ko samajta hai. ager woh es mistake ko note karian or us pay study karain or practice karian jin ki madad sy woh apni mistake ko khatam kar sakty hain or bad mai us ko jab repeat nahi karain gy tu yeh aik acha experience un ka banta jaye ga. esleye har trader apna review trading ka zaror kya karain es ki madad sy woh apni trade ko be acha kar sakty hain or khas kar bad mai es ki madad sy aik achy trader be ban sakty hain.