Basic mistake we make

Feb 12, 2021 at 11:29
148 Replies
Member Since Aug 02, 2022   24 posts
Aug 26, 2022 at 11:24
Newbies generally focus on making large amounts of money as they begin and settling unrealistic expectations can lead to downfall. Patience has to be practised along with understanding that for things to come into fruition, subtle moves need to be made. Fear can cause a menace and so can impulsiveness. Traders need to have an adaptive attitude and be prepared for any situation.
Member Since Aug 17, 2022   80 posts
Aug 26, 2022 at 12:41
henrytrade posted:
The most common mistake that traders make is that they become overconfident after earning a profit and often take trading lightly.
Yes, I agree that usually one’s mind gets into the greed of more after gaining some profit and then does not take the decision wisely. Trading should be done calmly and not in a hurry based on happiness of profits.
Member Since Feb 16, 2022   119 posts
Aug 28, 2022 at 13:37
Traders can succeed when they are hard working, passions, trading in the right track.
Member Since Feb 16, 2022   67 posts
Aug 28, 2022 at 14:43
Forex trading has become a fear among traders because of its ferocious nature and traders can’t retain their motivation for long.
Member Since Aug 17, 2022   80 posts
Aug 30, 2022 at 06:27
lauraJohnson posted:
We make the basic mistake of becoming overconfident and sometimes underconfident. We must learn to be objective.
Yes, I agree that the basic mistake revolves around confidence and skills. Correct information with practical implementation gives positive outcomes . Also, sometimes the traders want to trade faster because of greed that really messes up everything.
Member Since Aug 02, 2022   18 posts
Aug 30, 2022 at 09:39
Having a misconception that forex trading is an easy way of making money is what we all start forex trading with. But since it is not always what we expect the market to get us, we end up realising the reality after making a few losses.
Member Since Jul 26, 2022   49 posts
Aug 31, 2022 at 07:10
The basic mistake we make is that we don’t keep ourselves updated well with the learning. Trading is a never-ending journey that demands regular consistency in terms of trading and knowledge.
Member Since Aug 03, 2022   25 posts
Jan 04, 2023 at 05:55
Nearly all new traders are too curious to make money. We don’t want to waste our time on analysing the market and expect that we will be able to make money from the day we start. Eliminate this thought and focus on your learning and money management techniques so that you don’t lack anything.
Sign In / Sign Up to comment
You must be connected to Myfxbook in order to leave a comment
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.