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There are lot of common mistakes

Michihito
Jan 31 2021 at 13:03
298 posts
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.
UweMoench
Jan 31 2021 at 13:32
751 posts
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.
SofieAndreasen
Jan 31 2021 at 17:41
759 posts
New traders often start with real account without demo practice which is a big mistake.
Quange
Feb 02 2021 at 15:09
25 posts
The mistakes we make when trading are common enough that everyone repeats the same thing.
cardigan
Feb 03 2021 at 08:14
102 posts
Mistakes are the lesson to be learnt and improve for the future.
debramaldonado
Feb 05 2021 at 12:18
21 posts
There are so many people who think that forex trading doesn’t require skills and you can make money in the market whenever you can. But it’s not the truth. You have to do your learning and enhance your skills to make profits in the market.
CraigMcG2020
Feb 05 2021 at 17:33
399 posts
Thats so true ive made all of the same mistakes mentioned above lol
Duktilar
Feb 07 2021 at 12:19
112 posts
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.
KnowFinance
Feb 08 2021 at 11:54
85 posts
The common mistake which I noticed among most of the traders is doing overtrading, in the urge of making maximum profits they open multiple positions without sufficient capital and end up gaining loss.

Joz8
Feb 09 2021 at 05:15
104 posts
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.
barmangrunt
Mar 09 2021 at 10:27
22 posts
Nearly every trader tends to make some mistakes in their trading career. We have to learn to live with them.
mortanlais
Mar 10 2021 at 06:18
21 posts
Well, mistakes make us human right. There are definitely some mistakes every trader makes in their career.
radioactive
Mar 10 2021 at 10:28
58 posts
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.
Michihito
Mar 10 2021 at 12:34
298 posts
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.
Tremblay
Apr 11 2021 at 17:23
330 posts
radioactive posted:
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.
Yes. Every trader should make their mistakes as their learning options.
SteveHanks
Apr 14 2021 at 18:29
536 posts
Tremblay posted:
radioactive posted:
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.
Yes. Every trader should make their mistakes as their learning options.
That is very nice advice. If every trader does this, they can make good trading careers in this platform.
yojimbo
Apr 15 2021 at 11:01
9 posts
Better to learn from other peoples mistakes and take advice from the forum here on myfxbook!
yana hansen (78678676)
Apr 15 2021 at 11:05
137 posts
Choosing the right broker is very important. Never go for an unregulated broker. Your funds are not safe with them.
Akasuki
Apr 15 2021 at 13:26
599 posts
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.
AliaDare
Apr 15 2021 at 15:33
788 posts
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.
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