Common mistakes

Dec 30, 2020 at 12:45
3,685 Views
70 Replies
Member Since Oct 20, 2018   300 posts
Jan 26, 2021 at 20:45
The 2 most common mistakes are the wrong vision about what Forex is and risking what you can`t afford to lose.
momchil_slavov@
Member Since Nov 16, 2020   55 posts
Jan 29, 2021 at 06:30
First you need to study and understand the essence of how everything works and how to apply it in practice.
Member Since Jul 19, 2020   298 posts
Jan 31, 2021 at 13:18
Without enough skills and experience, it's normal to lose money and get scared. Whether new or old, we are bound to lose money if we don't understand the market and follow discipline.
Member Since Apr 18, 2017   718 posts
Feb 08, 2021 at 11:26
you have done lot of information on this post,  got some fine lines. thanks again for nice post. 
Member Since Feb 04, 2021   35 posts
Feb 08, 2021 at 12:25
According to me, the biggest mistake a trader makes is not using stop loss.
Member Since Dec 16, 2020   13 posts
Mar 09, 2021 at 11:25
Yes, these are the most common mistakes that new and some advanced traders tend to make.
Member Since Jul 19, 2020   298 posts
Mar 13, 2021 at 13:04
Most people believe that the more complicated a strategy the better it is. They get impressed by colorful charts and think wow this must be something awesome.
Member Since Aug 09, 2017   785 posts
Mar 14, 2021 at 07:57
It can be . it is great difficult to make profit by pin bar strategy for the beginners . as a newcomer that’s why now I am comfortable with scalping that brings profit in a short time than others trading techniques.
Member Since Mar 15, 2019   82 posts
Mar 14, 2021 at 10:57
UweMoench posted:
Common mistakes are those that we make very often. Over trading, revenge trade, fear of missing opportunity and not following any money management policy are the most common mistakes.
Oh yes, been there and done all of those more than once.
All or nothing
Member Since Feb 04, 2021   31 posts
Mar 15, 2021 at 12:16
I believe the biggest mistake is trading without any proper plan, trading without any strategy means getting more risks and losses.
Member Since Mar 13, 2018   13 posts
Mar 15, 2021 at 13:22
I think risk management is the main problem people have. Most people do not understand Lot size and just use a random number that they think is suitabl
Member Since Nov 06, 2018   83 posts
Mar 16, 2021 at 15:32
UweMoench posted:
Common mistakes are those that we make very often. Over trading, revenge trade, fear of missing opportunity and not following any money management policy are the most common mistakes.
Yep, all common mistakes unfortunately!
Member Since Oct 25, 2018   9 posts
Mar 23, 2021 at 11:20
One big mistake is to assume that anyone can make money from Forex trading. It just isn't true. Almost everyone loses money. Only the dedicated will prevale
Member Since Jul 19, 2020   751 posts
Mar 23, 2021 at 13:04
We should try to control our emotions and avoid our emotions from influencing our decisions. This is not easy and may take long time and experience to make our trading emotion free. Emotional control is more essential when one loses money in Forex trading because this is the time when many people behave irrationally and take hasty decisions with a view to recover their losses.
Member Since Mar 17, 2021   536 posts
Jul 06, 2021 at 12:17
TradeHut posted:
I believe the biggest mistake is trading without any proper plan, trading without any strategy means getting more risks and losses.
Yes. Most traders lose their money because of their low knowledge.
Member Since Jun 16, 2020   57 posts
Jul 19, 2021 at 11:02
@TraderHut I agree with your point that unplanned trading is one of the most common as well as the biggest mistakes made in trading. With unplanned trading, the chances of losses are high and hence very risky.
Member Since Aug 09, 2017   785 posts
Jul 25, 2021 at 08:11
the most common mistake is revenge trading i mean over trading , generally the traders we have beginners always do that when making a losses.
Member Since Jun 17, 2021   46 posts
Jul 28, 2021 at 06:52
Revenge trading or over trading is undoubtedly one of the biggest trading mistakes. I have done it once and faced a huge loss. I learnt from my mistake and never ever repeated the same. Revenge trading is always to be avoided otherwise it can result in unbearable loss at times.
Member Since Mar 28, 2021   617 posts
Jul 31, 2021 at 10:51
Common mistakes are those that we do again and again. Over trading, revenge trading, no money and risk management all are common mistakes.
Member Since May 27, 2021   64 posts
Jul 31, 2021 at 17:34
One more is not making proper use of stop loss.
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