Apr 07 at 06:08
The cardinal step a trader should follow is to get rid of all the basic mistakes. Over and over mistakes work as an impediment to trading. But traders are less willing to solve this issue rather they prefer trading with high leverage in the expectation to gaining more and more.
Apr 07 at 09:30
the basic mistake is very common , traders think there is a chance to bring profit very rapidly from there with no learning.
Apr 08 at 05:16
Traders are accustomed to some basic mistakes and traders can’t see their success as long as they can’t get out of those mistakes. Traders should try hard and soul to get themselves out of those mistakes. These basic mistakes work as a barrier to their profit-making. So, to become consistent in profit making, a trader should focus on recovering their mistakes.
Basic mistakes made by traders is that they focus more on earning early profits rather than gathering in-depth knowledge first. Also, traders keep unrealistic expectations thinking they’ll earn profit in every trade that eventually does not match with the ground reality and they lose all of their money. Also, not using stop loss and proper risk management are the common mistakes traders make.
Apr 13 at 05:08
The first mistake that traders frequently do is they enhance their lot size without any reason just to gain much profit. Secondly, they don’t give time to identify the right trend as a result they make wrong entry most of the times. Thirdly they love to trade again and again which is not fair indeed.
Basic development is high necessary for traders. For developing basic, most of the traders rely on pais courses but I don’t appreciate it. Because online resources for learning us available now. Don’t indulge with emotion while trading because it breaks a trader down mentally. You have to conquer your fear to push your trading ahead.
Apr 14 at 04:05
The basic mistake traders make is letting their greed and fear overpower their skills.
In my opinion, the biggest mistake traders make is that they focus on the results rather than learning & gaining experience. They start trading with insufficient knowledge and research and then fall into losses. Another big mistake the traders make is that they are not consistent in the strategy that suits them the best and they get impatient and greedy. To be a successful trader, a proper strategy, money & risk management, proper research & analysis, and emotion management are very crucial.
Mistake in learning is something useful, sometimes to find a great trading system need to make trial and error, the mistake is a common thing and a trader need to learn from the mistake and then minimize their mistake and not repeat the same mistake, and how to make better trading skill, recognized the mistake can giving the valuable lesson, whether the mistake comes from own selves like as greedy, over trading or from outside like as fail connection, etc.
Apr 15 at 07:27
One common mistake that I see a lot of traders make is being impatient and restless while trading. The traders enter the forex market in hopes of getting rich overnight which is farther away from reality. One has to familiarise with the trading systems first and gradually enhance their trading skills while experimenting with strategies without taking uncalculated dirks.
Apr 19 at 08:04
The biggest mistake a trader would do is to ignore the basic concepts and principles of forex trading. While focusing more on earning profits, One should not forget that in order to be a successful trader, it is very important to have a good knowledge when it comes to forex trading.
Apr 19 at 09:49
saluteband posted:
The biggest mistake a trader would do is to ignore the basic concepts and principles of forex trading. While focusing more on earning profits, One should not forget that in order to be a successful trader, it is very important to have a good knowledge when it comes to forex trading.
The best way to put it is to focus on the process not the outcome. It is so key to focus on step 1-5 of your trading plan and let the outcome unfold
Apr 19 at 10:25
The basic mistake made by new traders is that they mainly focus on earning more money which is why they start their trading with a good amount of capital and ultimately end up losing that money because of a lack of knowledge about forex trading. So it is advised that they should first make a demo account and then explore it well. So that when they are ready to trade on a live platform, then they can start with small funds so that the chances of risk involved can be bearable.
Apr 22 at 11:07
The basic mistake that the newcomers make is that they think that is the platform where you can earn easy money. They simply start trading on the real account. Even though they earn money at the start when they start losing they cannot handle the pressure and after having heavy losses, they leave the trading platform.
Apr 23 at 12:15
KnowFinance posted:
I believe that the biggest mistake traders make is getting impatient and developing a greed of making maximum profits. This greed eventually leads them to gain loss.
Expecting more profit without the market context is a common issue here! Most of the newcomers want to make money here with a low trading skill; but in reality it's almost impossible to make easy money here! That's why new traders need to focus on the learning process so sincerely!
Apr 25 at 10:02
In my opinion, the basic mistakes newbies usually make are-
1. Trading without a trading plan.
2. Going for live trading without practising on a demo account.
1. Trading without a trading plan.
2. Going for live trading without practising on a demo account.
The most common error we make is blindly following others. We are easily influenced and then act without giving it any thought. This is the biggest blunder we can ever make.
We frequently neglect to plan or disregard it as an essential step. Remember that if you don't plan ahead of time, you're going to fail. So establish a strategy, make a plan, and reap the rewards.
We frequently neglect to plan or disregard it as an essential step. Remember that if you don't plan ahead of time, you're going to fail. So establish a strategy, make a plan, and reap the rewards.
The basic blunder most beginners make is to start trading right away with little knowledge about forex. Which is not the right way! Firstly be persistent with a demo account practice and keep learning about the different trading indicators and market news.
May 02 at 12:33
Eloise posted:
The basic blunder most beginners make is to start trading right away with little knowledge about forex. Which is not the right way! Firstly be persistent with a demo account practice and keep learning about the different trading indicators and market news.
such a common mistake. new trader just don't realize how hard trading is and how fast they can lose all their money
May 04 at 01:24
Beginners often do not use trading tools in their trading, whereas trading tools are very important, as a stop loss, take profit, and pending order are very important, and often new traders are not properly using them in their trading, which is a very big mistake in my opinion.
