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There are lot of common mistakes
Member Since Jul 23, 2020
869 posts
Apr 27, 2021 at 23:07
Member Since Apr 03, 2021
470 posts
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
Jun 18, 2021 at 10:47
Member Since Jun 15, 2021
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.
Jun 18, 2021 at 11:39
Member Since Jun 15, 2021
9 posts
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
Member Since Jul 19, 2020
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.
Jun 20, 2021 at 23:20
Member Since Apr 03, 2021
470 posts
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
Marcel Durham (MarcellusLux)
Member Since May 19, 2020
337 posts
Jun 22, 2021 at 11:37
Member Since May 19, 2020
337 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.
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
Member Since Jun 03, 2021
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
Member Since Feb 20, 2021
13 posts
lovefortrading (perryjohn765)
Member Since Sep 12, 2017
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