Mistakes of Trader in the beginning

The 11 most common mistakes of Trader in the beginning

Psychology of the Trading.

1. Lack of training:

Risk our money without the necessary skills to operate in the forex market with some probability of success.

2. trading plan:

Due to the lack of training, no trading plan have not prepared in order to be a consistent Trader (based on studies previously tested and tested).

3. Trading Psychology:

Do not understand that 70% of trading is based on our psychological strength, simply think it is buy cheap and sell expensive or vice versa.

4. Emotions:

We let ourselves go through them when we give the button "buy and sell", and if there is something that we should not have emotions they are to operate, should take it as a work where the best and worst days and learn to accept it, there is the trader who wins 100% of the time.

5. We fell in love with the positions:

Often obtain substantial losses because we fell in love with the position taken, this is put against and we believe that the market will be back (cannot be loser will move the stop to give room for the price to get it back) and it does not return, and what had to be a controlled loss ends up being a BLACKDAY (black day)

6. Risk controls:

Know it is advisable not to risk more than 1% or 2% per trade and in the early days are prone to risk % very high because we want to make money quickly and that just brings us to have anxiety and lose the account (this is a background and not race the 100 m smooth)

7. Leverage:

After a number of winning operations and believe us invincible, is there when we make our big move, thinking in the following manner: as always I earn now I will operate with more contracts in that operation precisely (Marphy law) we lose much of our own money and becomes the frustration.

8. Overtrading:

We fall into an obsession for operating and monitoring the market at all times, we forget to live a normal life and act with the trading as if it were a normal job, and the result of that mistake is the blast from our account.

9. Greed:

When we have a day of winning operations, visit us greed asking more and not we are able to stop that emotion and ended up returning to the market the gains, and are even able to finish with losses. 

10. We want to take revenge on the market:

We don't accept and recognize that they will have losing days and take them, or are only able to put a maximum % of losses for the day and leave the daily session if this case occurs. So when we lose we want to come on the market at all costs doing entries without reason, and try to recover what was lost and what most normal is that we end up with a BLACKDAY or something worse.

11. Patience:

We are not able to have adequate patience to enter market with the best and get the best possible price, we rushed entries for fear of losing the big rally, and continue to price without stopping to think that opportunities for tickets will have many and every day.

Note: If you don't want to go through these situations so unpleasant and leave part of your money along the way, or what is worse to be part of that 90% of Traders who drop out at the first hurdle, our advice is that you realize the instructor 1 & 1 so you can show all keys to prevent these 11 errors more common traders in its infancy and thus get to have sufficient guarantees to keep your He has no losses.

Remember that to be able to make money in Forex we must first learn to not lose it, so that our first goal is to train you so that you can preserve your capital by making you a few consistent Traders.