There are lot of common mistakes
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.
Apr 27, 2021 at 23:07
Michihito posted: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.
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 Apr 28, 2021
9 posts
Apr 28, 2021 at 13:07
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
Jun 18, 2021 at 10:47
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.
Jun 18, 2021 at 11:39
gradking posted:I agree most of the newbies lack patience and this is what leads them to losses.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.
Jun 20, 2021 at 12:23
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.
Jun 20, 2021 at 23:20
gradking posted: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.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.
Member Since Jun 16, 2021
9 posts
Jun 21, 2021 at 09:22
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)
Member Since May 19, 2020
337 posts
Jun 22, 2021 at 11:37
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.
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.
@Marcellus8610
Rjay Bulaong (RjayBulaong)
Member Since Jun 03, 2021
6 posts
Jun 22, 2021 at 14:22
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
Member Since Feb 20, 2021
13 posts
Jun 28, 2021 at 10:44
I have seen a lot of traders entering the forex market without proper learning. They are often the ones who end up blaming the market for the losses they make.
lovefortrading (perryjohn765)
Member Since Sep 12, 2017
238 posts
Jun 28, 2021 at 12:00
the most common mistake is to trade on bigger lots without enough knowledge about the instrument.
Member Since Jun 17, 2021
21 posts
Jun 30, 2021 at 12:57
It’s normal. The ones who fail in the trading market usually blame the market and often say forex is a scam. The most common thing that gets into their head is the greed to earn more.
Member Since Jul 01, 2021
8 posts
Jul 01, 2021 at 12:10
Biggest mistake is thinking that making money from Forex is easy. It is hard
Member Since Mar 17, 2021
536 posts
Jul 01, 2021 at 12:21
sopranoberidze posted:Yes. If you don't have enough knowledge this is very tough to make money from this market.
Biggest mistake is thinking that making money from Forex is easy. It is hard
Member Since Mar 16, 2021
477 posts
Jul 01, 2021 at 15:26
I need to do technical analysis when I buy a currency. And if you do this analysis, sometimes there may be a loss. You have to gain knowledge from that mistake.
