Basic mistake we make
Feb 12, 2021 at 11:29
I find that one of the basic mistakes of new traders is their focus only on earning money. It is better in the beginning that your focus is on learning and gaining necessary experience in order to make one profitable strategy, then on simply chasing profits.
Feb 12, 2021 at 12:03
Biggest mistake is not making anything good from that matter and how do you plan to go further in life with that matter out there. I am totally and completely disrespected will be by such decisions, that's why I am always looking for some improvement ways on that.
Member Since Jul 20, 2020
298 posts
Feb 24, 2021 at 14:33
It is never possible to make a consistent profit without learning to trade. Trading education is needed to develop skills.
Feb 24, 2021 at 15:49
Michihito posted:Great advice, I think a lot of people neglect using demo accounts - that's always a good place to keep practicing and honing your strategy.
I find that one of the basic mistakes of new traders is their focus only on earning money. It is better in the beginning that your focus is on learning and gaining necessary experience in order to make one profitable strategy, then on simply chasing profits.
Sam.peters@
lovefortrading (perryjohn765)
Member Since Sep 12, 2017
238 posts
Feb 25, 2021 at 08:28
The most generic mistake we do is greed..running after money and not thinking of the circumstances
Member Since Jul 23, 2020
759 posts
Feb 25, 2021 at 17:36
Beagelv posted:True. Proper planning and strategy are needed for success.
Trading at random will not bring any result, here you need to clearly calculate and prepare everything.
Morgan Edwards (morganedwards)
Member Since Jun 03, 2020
14 posts
Mar 02, 2021 at 10:45
LeviSievwright5 posted:It is very important to know everything about the place you are heading to or the platform you are trading in.
It is never possible to make a consistent profit without learning to trade. Trading education is needed to develop skills.
Member Since Jul 03, 2020
37 posts
Mar 02, 2021 at 12:52
It is fair for all the beginners to think of earning money because the majority of traders who enter the forex market want to earn instead of learning.
Chelsea Blacks (blackChelsea)
Member Since Jan 22, 2021
125 posts
Mar 02, 2021 at 16:01
We think that each trade we are making will bring us more profit. This is the biggest mistake. Over optimistic outlook can ruin your trades sometime.
Morgan Edwards (morganedwards)
Member Since Jun 03, 2020
14 posts
Mar 03, 2021 at 11:06
CanoeMussy posted:I can agree to that but this is also true that among the ones who have this thought, many just blow away their account. The reason is quite justified that they don’t take the load of learning and trade without having any knowledge which in turn brings them loss. A trader should at the least know the basics. Some broker platforms also have a good amount of educational stuff on them, such as etoro, turnkeyforex, pepperstone, etc.
It is fair for all the beginners to think of earning money because the majority of traders who enter the forex market want to earn instead of learning.
Mar 03, 2021 at 11:13
blackChelsea posted:Yeah expectations mate! Most of us expect too much from forex. Gotta be realistic.
We think that each trade we are making will bring us more profit. This is the biggest mistake. Over optimistic outlook can ruin your trades sometime.
Member Since Dec 18, 2020
13 posts
Mar 23, 2021 at 09:51
Keeping the focus on money is not something newbies should do. They should stick to their trading plan.
Mar 23, 2021 at 13:17
One of the mistakes a trader would make in Forex is trying too hard to recover losses. While everyone would want to minimize the effect of losses on their trade, sometimes, it pays more to always overcome that early emotional anxiety to recover whatever losses we may have incurred. This helps us think well, re analyze the market before entering.
Member Since Feb 16, 2019
30 posts
Mar 26, 2021 at 11:45
Michihito posted:yes being emotional about it
I find that one of the basic mistakes of new traders is their focus only on earning money. It is better in the beginning that your focus is on learning and gaining necessary experience in order to make one profitable strategy, then on simply chasing profits.
Member Since Jul 23, 2020
869 posts
Mar 27, 2021 at 13:01
UweMoench posted:It is completely true. If you want to recover your loss, try with the trading plan not just with emotion.
One of the mistakes a trader would make in Forex is trying too hard to recover losses. While everyone would want to minimize the effect of losses on their trade, sometimes, it pays more to always overcome that early emotional anxiety to recover whatever losses we may have incurred. This helps us think well, re analyze the market before entering.
