37 error causing loss

37 error causing loss

1) lack of knowledge: Most of the new currency traders do not make time to know and learn the basics of the currency movement. So it should do in this situation when there is a date for the issuance of economic news or statements important to get out of the market open and close their contracts to wait until there is a chance another occasion to enter the market and this is the best way for them to enter the market only when it is so calm and avoid trading during the random news and think about the art movement of the market.

2) recurrence of entry on the same day: When you set a goal short in the number of points and a reasonable proportion of stop loss will make you verify a few hundred dollars a day, but increased the number of times to enter again and again may make you prone to greater loss.

3) to enter at once a large number of contracts: Most companies give you a small margin of entry and some believe that this feature a good understanding of Negro to enter a greater number of contracts at once to get the most benefit you, remember that when reduced the amount of your remaining for use in the margin to zero The program will get out of the market in the immediate closure of all contracts and you bear the loss.

4) rely on others in decision-making: often act unilaterally professional shops and take decisions in private does not depend on others for decision-making, there is no half by car or drivers, you can either be traded or traded there for you.

5) misuse of stop loss orders: a stop loss orders at a site near the market price that it can be implemented at any moment, and that often guide you to a lot of programs that ultimately have the benefit and you lose.

6) ill benefit from the pilot accounts: Most of the accounts closer to the pilot program of games and not be sensitive to climate, such as the price received for the actual calculations and give you the impression that the possibility of profit, especially during the limited movements of the market and once it is transferred to the account will discover effective, the psychological state when dealing with fictitious capital is that you are free from any fear of loss will be your ability to boundless adventure, and soon moving to the truth and enter the market and any loss you experience will change your mental final. Advised to deal with the demo account to gain operational experience in how to carry out orders only, for he knows bad habits in how to deal with money as a game. Loss does not mean anything to you, begin to account the real teach you how to avoid the loss.

7) during trading hours to stop: there are hours during the day separating the formal markets between Asia and Europe and the U.S. banks and investment funds, including the huge benefit and pay rates to numbers then want to hold their transactions where there is a large volume of traders are allowed to fall victim to traffickers so they are small when Cling to contracts outside the scope of market prices.


8) trading without a plan: make a profit can not be the day the plan is to trade, commerce plan is a program of action to achieve success and you must define your goals of the market and if you do not have a target this means that you have no plan and will lose in the end) there are statistical reports that 95% of the losers out of the market because there is no plan to have.

9) trading against the market trend: There is a huge difference between the purchase price low before rising market, buying the same price during the market decline, in the first case you have good profits in the second case the price of your purchase is the highest price.

10) the wrong exit from the market: If you entered into the contract and the market is reversing sure to leave a good time, do not try to double the loss if the market moves in the right direction, do not convince yourself to get out quickly because you're tired, but you deal with fatigue and stress that part In return, your business does not covet greatly improved and you have out in a convenient location.

11) short-term trading mistake: If the goals of the deal is to achieve a profit of less than 20 points, we advise you not to enter the transaction, the number of points paid by the entry and exit makes the possibility of greater opportunity against you.

12) insist on buying at the lowest price and sell at a higher rate: This method may be useful in the supermarket shelves, but in the currency market can not insist upon, but the price will be out you may not return again.

13) Do not try to be smart too: There are statistics show that most successful traders are graduates of secondary schools and dealing in the market in a simple way in trying to go is more complicated.

14) do not enter the market during the receipt of economic news: most of the large movements occur before, during and after the time of the news, where trading volume and huge quantity of very large contracts and the movement is real and take a steady trend, it is not advisable to enter the market during this period (compare the market In the quiet times when the market under the control of banks over the world on their clients).

15) Professional negligence conditions: The identification of the market technically is it suitable for high and low sale or purchase is key to the expected price relative who can go to the market The sudden and rapid movements are often produced when the market in a unified direction.

16) trade on the basis of emotional: When the speculators in the market based on the beliefs of emotional and not real ideas, make sure that emotions are a little poor and it can not perform the important things in life and good on our emotions.



17) Lack of confidence: confidence comes from success is often, if you encounter the first loss in the beginning of market speculation it would be difficult to build confidence again, do not go to half-solutions, but to learn and gain more knowledge about the market before returning once again to speculation.

19) lack the courage to accept defeat: There is no championship or the audacity to continue only loss there is stupidity and cowardice, tried to swallow a loss today and wait for tomorrow and try again again, perhaps make a profit, remember that your relationship contract is not losing your relationship with a marriage contract and the market can act crazy way that just held against you in the currency market and the loss is irreparable and may not affect your results in the overall monthly.

20) Failure to focus on the contracts in hand: when it begins to imagine the profit and build your hopes on financial grounds that it is inevitable and start thinking about how to spend and enjoy it and have not yet materialized, and the same thing to begin with anxiety and tension of the loss did not occur, make sure You become a reality outside. Instead, he focused on the open contract and acted wisely in order to stop the closure order in appropriate locations and be natural, such as astronaut resting and enjoying the trip and mentioned that you yourself are not controlled on this market and control it.

21) Misconception of news: the truth is that some journalists understand the economic news is superficial and they often focus on one element and neglect the rest, this leads to the arrival of news garbled sometimes, you have to learn to read the economic news from primary sources, and you should learn to compare the numbers Typical old and expected and has just been released, if your English does not help this problem other than recourse to translate the news you may lose meaning and makes you act in a manner that is appropriate.

22) Would the luck side: You may change your will rise through the deals entered into by non-planning or expertise that does not mean you were successful during that transaction and not every story, but perhaps we are fortunate for the circulation of the former, and the fact that you are absent you have neglected Risk factor for a very high degree, but you are lucky to go beyond those deals successfully and you reap a lot of profits, you should review your transactions successful development of the potential loss of one or two and think how it would probably balance the value and that would be brought to zero. Successful speculators who deal with all eventualities and the market can accept the loss is limited to return again.

23) profit charity way: When you get a profit by unexpectedly through a deal had seemed lost 100%, but the circumstance or emergency news of the market change direction and get a profit properly, do not expect surprises always good, but it is better to employ these profits in new deal studied.

24) courage under fire: When a policeman entered the hideout of a gang that breaks the door and he knows it is vulnerable to fire and can be infected at any moment, but it is doing all conviction does not hesitate, and so the market and trading in currencies is only natural to be scared, but you have to storm the market - without a break There is no trade and no trade without a profit.

25) The best time to trade: 3 hours per day of intensive trade quality is the best thing that allows your mind and you are satisfied, during the time of trading in the market and control the focus must be 100%, while the half-measures are completely ineffective, do not you think that survive several hours before the screen The computer is always inefficient.

26) withdrawal from the tour: the right is to put a stop at a convenient location and reasonable and let the market take its course, if carried out, it means you out of the deal immediately and are not the end, they have lost the round but you did not lose a final like the wounded in the battlefield slight injury him to withdraw and return address after surgery. The site is trying to change or stop immediately return may lead to your injuries just as great fighter, which stands for simple infection after receiving a new barrage of shots, the loss of simple does not mean every loss and return tomorrow better than to insist on staying and bear more loss.

27) mixing apples and oranges in one basket: imagine you're watching Eur \ usd a rise in market dealings and then you buy Gbp \ usd because it did not rise yet, and this fatal error, it may be Gbpusd not move so far because there is bad news for the British economy and the expected to fall instead, so as to monitor the price of apples to buy flowers!

28) traded in more than the coin: If you are more than one currency trader at the same time, it means that you double the control of many indicators and many of the economic news which could add significantly increase the burden of fatigue.

29) give up easily: can not be your transactions for this day successful, but should not be a reason for the defeat and withdraw completely, it must be within your budget plan for the highest daily loss can be borne, even if they reach them once or twice through the deals This is a losing natural and expected.

30) excessive fear of accepting defeat: Trading is not a personal challenge or a question of dignity, it is work, does not believe that the loss never mean you failed This can be caused by a story or statement is not surprising when you entered an impact on the market, once again ordered to stop Place in the right place and set it before entering the market in advance.

31) ratio of risk: if the stop loss is placed just 20 points and ordered to leave after 60 points it means you've possibility of profit into a loss 1-3, In fact, if we thought points in a presentation \ teams demand by 3 points, the actual figures are 17 point is to stop and 63 points for profit. In other words, the truth is 17 \ 63 the sense that you win is 1 \ 4.

32) the error in the selection of financial intermediary: a lot of brokerage firms are terrible in transmitting technical In the search for their own interest at the expense of the client, try to choose them carefully, listen to the views of intermediaries in the forums of several parties and read carefully from the broker who intends to deal with it, Feel free to take advice from people neutral.


33) rely on the extension programs: There are many companies that gives you an indication their entry and exit for the sale and purchase without the self indicate how these signals, these companies often is not honest, but the sale of a service such as the black box service they Gro daily record of successes but you have to consider the subject This way: if someone owns chickens lay eggs every day an egg of gold Is the sale chicken b $ 5000, for example? Impossible, of course.

34) The principle of speculation: all the work which includes speculation and speculation in Forex requires a plan of action, it did not take enough time to develop a plan and determine the rules will be followed by the disclaimer that you exist within the market without a goal and without focus, you have to sit down for some time before entering the market and write plan and define business rules and meticulously executed.

35) control the void: There is a saying, "just to control the currency can be controlled in any currency", the focus on the single currency is very important to know and understand the artistic movements in the currency of each single method of trading after the currency to understand this period and achieved good control of the full In reading and trade can be transmitted to another currency in an easy, either distract the focus from the outset it was like nothing without control.

36) Long-range thinking: Do not ever do so, you have to live the moment where you especially if you are traded during the day, why would not you will have a market in the next month or even next week, if your business relies on 30-50 Point you have to keep committed to what happened now and not moving away thinking to the future, this does not mean you are away, but what will happen is an important part of your business should be aware of the long-term trend.

37) excessive self-confidence: Trade is not easy; statistics show that there are 95% failure rate. If you have worked very well do not make your success be a source of confidence and an absolute guarantee of success; always feel for ways to improve your business. Success is to maintain the viability over the summit and not just ascend to such a vessel to maintain the flat above the surface of the sea without drowning, you must be thinking when you are on the market is exactly the same as You Think outside the market and this is not a game of football requires you to push and sustained attention, working quietly.