Bad habits of beginner traders.

George.b

FPMarkets Multi and Spammer
Messages
17
Actually every beginner makes this mistake, its taking on to much self criticism, repeating mistakes after losses and straying from your trading plan.
 

fxoday

Sergeant
Messages
157
Still not clear what you mean. Can you cite an example of something more advanced than risk per trade "rule"?
If you have $1000 in your account, take risk 2%, its mean in every single trade maximum risk is $20
I think you can calculate position size to adjust with stop loss distance
 

LuckoftheFX

Private, 1st Class
Messages
25
Believing Forex will make you rich quick.

So much marketing hype that gives people false impressions!
 

bigdolly

Sergeant Major
Messages
920
If you have $1000 in your account, take risk 2%, its mean in every single trade maximum risk is $20
I think you can calculate position size to adjust with stop loss distance
It is pretty simple inflexible and dumb rule you said you have got something more advanced. Please share.
 

sebking1986

Private, 1st Class
Messages
47
Not taking part in any form of education and thinking they can just get cracking and make a mint. Not happening and that arrogance and ignorance is often suitably punished.
 

kingsman

Corporal
Messages
183
If you have $1000 in your account, take risk 2%, its mean in every single trade maximum risk is $20
I think you can calculate position size to adjust with stop loss distance
This is very good risk management and it will take pressure off your trading but sometimes you have to increase the risk in case of a 100% confirm trade to make more out of it.
 

nahiyar

Private, 1st Class
Messages
763
I think no one can say 100% confirm trading is with you. There is always a chance of uncertainty so some fear should be there to remain away from dangers of high risk trading. With capital of $1000 trader should not put his amount 2% in risk with each trading. I know the simple way that up to 1% risk is enough. There always a chance of loss so why we loose 2% , should apply loss minimize strategy.
 
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