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There are lot of common mistakes

Sar John (Sarjohn)
Apr 16 2021 at 07:51
187 posts
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.
LukeRachel
Apr 18 2021 at 00:46
477 posts
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.
Tremblay
Apr 18 2021 at 09:22
330 posts
LukeRachel posted:
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.
This is the best option to learn. If you can learn from your past mistakes, you can easily become successful in this market.
LyudmilLukanov
Apr 27 2021 at 16:55
819 posts
Mistake is common for all kind of traders. But always try to learn from your mistake.

Suradi (FXOday)
Apr 27 2021 at 23:07
356 posts
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.
robindude
Apr 28 2021 at 06:13
110 posts
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.
Bela_fx
Apr 28 2021 at 08:31
34 posts
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.
highjumping
Apr 28 2021 at 13:07
9 posts
New traders think that it is easy and they can make money by looking at candle sticks. That is not the case and all those new trades with live accounts just lose all their money. Sad
RobSchiz
Jun 11 2021 at 08:39
567 posts
highjumping posted:
New traders think that it is easy and they can make money by looking at candle sticks. That is not the case and all those new trades with live accounts just lose all their money. Sad
I agree with you.
Davidfx89
Jun 16 2021 at 09:11
161 posts
if common mistake happens again and again , according to me its not a mistake its a common choice , nothing without it.
gradking
Jun 18 2021 at 10:47
15 posts
highjumping posted:
New traders think that it is easy and they can make money by looking at candle sticks. That is not the case and all those new trades with live accounts just lose all their money. Sad

Newbies are always in hurry of getting big profits, I don't know what excite them so much but they should know that the riches outside are doing so hard on forex trading.
TradeAndI
Jun 18 2021 at 11:39
9 posts
gradking posted:
highjumping posted:
New traders think that it is easy and they can make money by looking at candle sticks. That is not the case and all those new trades with live accounts just lose all their money. Sad

Newbies are always in hurry of getting big profits, I don't know what excite them so much but they should know that the riches outside are doing so hard on forex trading.
I agree most of the newbies lack patience and this is what leads them to losses.
zvr564
Jun 19 2021 at 07:54
20 posts
The biggest common mistake, in my opinion, is not maintaining trade journal. If you'll not review your trades, then how can you learn from your losses?
UweMoench
Jun 20 2021 at 12:23
751 posts
One important difference between trading and going to the casino is that when you go out to gamble, you have a negative expected return. In other words, the house is always expected to win over the long run, on average. Trading , however, if done skillfully and artfully, can put you in the position of the house.
Suradi (FXOday)
Jun 20 2021 at 23:20
356 posts
gradking posted:
highjumping posted:
New traders think that it is easy and they can make money by looking at candle sticks. That is not the case and all those new trades with live accounts just lose all their money. Sad

Newbies are always in hurry of getting big profits, I don't know what excite them so much but they should know that the riches outside are doing so hard on forex trading.
This is not a good habit actually, making a huge profit will leading them to take a high risk with greediness, what happens later usually not a profit that obtained but regrets already trading high-risk taker because the account does not last long will get margin call account.
OrlandoGT
Jun 21 2021 at 08:57
10 posts
I think the lavish life styles that most of the forex traders flaunt on socials leads to over trading on forex by beginners.
Accessonus
Jun 21 2021 at 09:22
9 posts
One of the most common mistakes in trading that gives loss is over-trading, this occurs when greed overpower the trader's knowledge and skills.
Marcel Durham (MarcellusLux)
Jun 22 2021 at 11:37
184 posts
Why endlessly list all possible and all personal reasons, if this does not help to solve them in any way. More than 90% of traders do them anyway.
And this is the biggest mistake, the parent of all mistakes. Nobody wants to look for and solve their own mistakes, everyone wants to talk about strangers and common in the forums.
Rjay Bulaong (RjayBulaong)
Jun 22 2021 at 14:22
6 posts
I think the biggest mistake most traders make is having a herd mentality. I seriously don't understand why people follow the majority? It's already proven that majority of traders fail, so why rely on education that the majority are learning? Why rely on techniques that the majority are using? It's seriously mind-baffling. Be unique and have your own trading strategy! Back-testing is your friend.
“All our dreams can come true, if we have the courage to pursue them.” – Walt Disney
RobSchiz
Jun 23 2021 at 18:49
567 posts
gradking posted:
highjumping posted:
New traders think that it is easy and they can make money by looking at candle sticks. That is not the case and all those new trades with live accounts just lose all their money. Sad

Newbies are always in hurry of getting big profits, I don't know what excite them so much but they should know that the riches outside are doing so hard on forex trading.
Yes. You are right.
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