Common mistakes
Member Since Mar 17, 2021
536 posts
Jul 06, 2021 at 12:17
TradeHut posted:Yes. Most traders lose their money because of their low knowledge.
I believe the biggest mistake is trading without any proper plan, trading without any strategy means getting more risks and losses.
Jul 24, 2021 at 08:01
SteveHanks posted:I completely agree with you.TradeHut posted:Yes. Most traders lose their money because of their low knowledge.
I believe the biggest mistake is trading without any proper plan, trading without any strategy means getting more risks and 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 May 27, 2021
64 posts
Jul 31, 2021 at 17:34
One more is not making proper use of stop loss.
Aug 01, 2021 at 11:31
@Alexthetrader Placing stop loss in the right place is not an easy task. One needs proper knowledge and experience of reading a chart to place stop loss.
Aug 02, 2021 at 06:36
ShamrockEire posted:Yes, only the dedicated persons are able to make profit from forex, It’s not everyone's cup of tea.
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 Jun 26, 2020
327 posts
Aug 04, 2021 at 07:07
risk is everywhere , there is no way to avoid , but in spite of having much risk you can bring good amount of profit from this trading place if you can make sure best risk and money management.
Member Since Aug 04, 2021
9 posts
Aug 04, 2021 at 11:14
all investment is about risk management from a trade decision perspective to a Lot size decision
Aug 17, 2021 at 17:03
As far as I concerned common mistakes in trading activity are usually made not only by novices but by professional traders too. Such mistakes include rushing decisions. Often traders make decisions whether open a position or not, according to their emotions, after a string of losses they've decided to win back what they had lost. It's so unprofessional to make such deisions however as far as I can tell it happens rather often. Never let emotions control you. It's like a postulate of trading activity, you know. You have to control them, not in reverse.
Aug 18, 2021 at 12:12
There are lot of common mistakes every trader do when they are new. I also did the same. Like opening trade position before big news events and after the news events. Opening too many lots is another mistakes. Risking more than 1% of the capital is also a mistake. Another big mistake is unrealistic expectation. We come here to make double, triple of our capital over night. But it's the biggest mistake one can have. We also make mistake in choosing broker.
Aug 20, 2021 at 11:33
Mistakes are clues to improve. At the same time, errors in calculations do not always lead to losses. The error can have a positive effect. In any case, they should be studied and used for development and for a deeper understanding of trade.
Do not be greedy and invest in your business as much as you can.
Aug 20, 2021 at 11:38
The simplest mistakes are opening positions at the stage of impulse completion, using narrow stop-losses during high volatility, news trading with increased volume, neglecting resistance and support levels.
Do not be greedy and invest in your business as much as you can.
Member Since Aug 20, 2021
8 posts
Aug 20, 2021 at 12:48
So many ways to make a mistake in Forex but they all stem from the mistake of rushing into trading and not taking the time to learn and trade on demo
Member Since Aug 17, 2021
9 posts
Aug 24, 2021 at 11:23
Using too large a Lot size. That has to be #1 mistake.
Aug 30, 2021 at 05:49
FredJones posted:Over trading, not using stop loss and most important not sticking to the risk reward ratio
What are the most common mistakes made by beginner traders and experienced traders when trading with a real account?
The more your practice, the more you learn.
