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There are lot of common mistakes

gradking
Jun 18 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 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 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 at 12:23
589 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 at 23:20
137 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 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 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 at 11:37
87 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 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 at 18:49
370 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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