Mistakes How To Play Forex Frequently Used The Beginner Trader. Forex Trading is basically a learning process. It all starts from learning and ends with experience. In forex trading you have to learn from mistakes you have done in the past. If this is what you do then you will become a professional trader who can trade profitable. You can learn from the experience of other traders that you avoid the same mistakes. If you experience it yourself learn from your experience not to repeat it and find a solution to your mistakes. Below is a summary of mistakes that are often done by forex beginner traders:
Trading without using Analysis and Strategy. Starting from a false trading philosophy that trading is a business easy to get rich sometimes causing beginner traders to do forex trading without using weapons. The weapon is the science of analyzing price charts, market news and forex strategies. To succeed in forex trading you need knowledge to analyze forex trends and Strategy. Science on the Internet can be your guide when trading. You must be disciplined. You can create your own trading plan in detail eg trading objectives for long or short term, position entry, exit, cut loss and take profit. You should make a trading plan and discipline to run your trading plan. Stop Loss is used to limit your losses during trading. You must putting the stop loss in the ideal position. If not install a stop loss then if it happens losses then your capital will be out of control. The existence of stop loss allows
you can stop trading and then reorganize your trading strategy than if you let your position be swayed by the market.