To use chat, please login.
Back to contacts

Common mistakes

Smith2525 (Smith2525)
Mar 14 at 10:57
33 posts
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.

TradeHut
Mar 15 at 12:16
31 posts
I believe the biggest mistake is trading without any proper plan, trading without any strategy means getting more risks and losses.

Development101
Mar 15 at 13:22
13 posts
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

PeteLanceley
Mar 16 at 15:32
48 posts
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!

ethelaguilar
Mar 23 at 10:28
16 posts
Yeah we all make some mistakes in the beginning. They can be avoided with time.

ShamrockEire
Mar 23 at 11:20
9 posts
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

UweMoench
Mar 23 at 13:04
416 posts
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.

Please login to comment .