There are lot of common mistakes

Jan 31, 2021 at 13:03
2,162 Views
45 Replies
Member Since Feb 11, 2020   24 posts
Aug 14, 2021 at 22:53
If you’re just started off mistakes are bound to be made, my first mistake was looking to trade too many different currency pairs. After that I focussed on one until I was ready to start looking at others.
Member Since Aug 26, 2021   9 posts
Dec 09, 2021 at 11:51
Mistakes are common in life the key is to learn from them and specifically in Forex, the key is to make sure that your mistakes do not cost you do much. USE a DEMO!!
Member Since Aug 05, 2021   401 posts
Dec 09, 2021 at 16:39
Very true. You mentioned a lot of the most common mistakes...also, overtrading, revenge trading, etc. can wreak havoc on our profits if we get carried away.
Member Since Jul 19, 2020   751 posts
Jan 08, 2022 at 13:09
There are lots of typical mistakes made by traders when they're new. I've also made the same mistake. Opening trade positions prior to major news events, and closing it after news events. Making too much of a trade is a second error. The risk of putting over 1% capital is an error as well. Another mistake is to have unrealistic expectations. It's not our intention to more than double or triple the amount of our capital in a matter of hours. However, it's one of the biggest mistakes you can make. There are also mistakes made when choosing a broker.
Member Since Mar 28, 2021   617 posts
Jan 16, 2022 at 12:47
WaltonCharles posted:
Jim_B posted:
If you’re just started off mistakes are bound to be made, my first mistake was looking to trade too many different currency pairs. After that I focussed on one until I was ready to start looking at others.
Making Mistake is a common thing in the forex market. You have to make your mistakes as your learning thing in this market to become successful.
There will be mistakes in trading. However, we must be able to learn from the mistakes we make. If we aren't able to be able to learn from our errors, then we will never be able learn.
Member Since Jun 11, 2020   11 posts
Jan 21, 2022 at 18:41
Mistakes are considered to be ordinary things in trading. Of course, some trader prefer avoiding mistakes by proepr risk management and money management, however according to statistics, the vast majorikty of traders are greedy, so they face mistakes due to their greediness. I believe that mistakes are needed on the very initial steps in trading, because there is no better teacher than mistakes which led to losses. In my opinion, traders shouldn't be afraid of mistakes, because they're really useful, but they have to do everything in order to diminish the amount of mistakes day by day, or week by week. In this case everything will be okay.
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