There are lot of common mistakes

Jan 31, 2021 at 13:03
2,033 Views
45 Replies
Member Since Jul 19, 2020   298 posts
Jan 31, 2021 at 13:03
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.
Member Since Jul 19, 2020   751 posts
Jan 31, 2021 at 13:32
The biggest mistake people make is they think trading doesn't require skills. It happens when we treat trading just like gambling. But the truth is to make consistent profit you need knowledge and skills.
Member Since Jul 23, 2020   759 posts
Jan 31, 2021 at 17:41
New traders often start with real account without demo practice which is a big mistake.
Member Since Dec 28, 2020   25 posts
Feb 02, 2021 at 15:09
The mistakes we make when trading are common enough that everyone repeats the same thing.
Member Since Jul 27, 2020   102 posts
Feb 03, 2021 at 08:14
Mistakes are the lesson to be learnt and improve for the future.
Member Since Jul 20, 2020   399 posts
Feb 05, 2021 at 17:33
Thats so true ive made all of the same mistakes mentioned above lol
Member Since May 24, 2020   112 posts
Feb 07, 2021 at 12:19
Sometimes it is better to study the mistakes that can occur during trading in order to be on the safe side than to experience them in your trading.
Member Since Nov 19, 2020   104 posts
Feb 09, 2021 at 05:15
I guess starting live trading, without any good skills and knowledge is another huge mistake and some traders don't even plan their moves, which is again a big fault.
Member Since Dec 24, 2020   21 posts
Mar 10, 2021 at 06:18
Well, mistakes make us human right. There are definitely some mistakes every trader makes in their career.
Member Since Sep 07, 2020   63 posts
Mar 10, 2021 at 10:28
mortanlais posted:
Well, mistakes make us human right. There are definitely some mistakes every trader makes in their career.
True. All of us make mistakes, better not everyone tries to learn lessons from their mistakes.
Member Since Jul 19, 2020   298 posts
Mar 10, 2021 at 12:34
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.
Member Since Oct 16, 2020   137 posts
Apr 15, 2021 at 11:05
Choosing the right broker is very important. Never go for an unregulated broker. Your funds are not safe with them.
Member Since Mar 28, 2021   617 posts
Apr 15, 2021 at 13:26
First mistake most traders do that they think trading doesn't require much knowledge and skills. Second mistake they do - they completely ignore psychological aspect of trading.
Member Since Jul 19, 2020   788 posts
Apr 15, 2021 at 15:33
It is not possible to make a profit without first gaining knowledge. Second, emotion control is essential. If it so happens that I am making these two things a mistake, I can't expect anything good from trading.
Member Since Dec 28, 2020   187 posts
Apr 16, 2021 at 07:51
78678676 posted:
Choosing the right broker is very important. Never go for an unregulated broker. Your funds are not safe with them.
Yes, choosing a broker is very important, but traders face withdrawal issues with regulated brokers because of their regulations.
Member Since Mar 16, 2021   477 posts
Apr 18, 2021 at 00:46
There are many mistakes in trading but I should learn from these mistakes. When I make a loss in one trade, I gain that loss and use it in another trade.
Member Since Jul 23, 2020   869 posts
Apr 27, 2021 at 16:55
Mistake is common for all kind of traders. But always try to learn from your mistake.

Member Since Apr 03, 2021   470 posts
Apr 27, 2021 at 23:07
Michihito posted:
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.
Sometimes from the mistake, we can learn something then, and after understanding the mistake than trying to make new rules how to avoid the same mistake not repeated again, but sometimes the hard part is how to control our decision, fear missing out, become a common problem during the trading time, choosing broker indeed very important for a trader.
Member Since Dec 11, 2020   110 posts
Apr 28, 2021 at 06:13
LyudmilLukanov posted:
Mistake is common for all kind of traders. But always try to learn from your mistake.

This! When you learn your mistake, you will grow and learn not to repeat the same mistakes.
Member Since Nov 02, 2020   34 posts
Apr 28, 2021 at 08:31
SofieAndreasen posted:
New traders often start with real account without demo practice which is a big mistake.
This is why they give up in the middle without having the proper knowledge.
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.