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Basic mistake we make

no_frame
Mar 22 2022 at 09:39
61 příspěvků
jambeau posted:
I consider lack of proper trading knowledge to be the basic mistake committed by traders. Traders also lack seriousness towards trading. Despite understanding the market’s volatility, many traders take it lightly. It is paramount to build forex foundations to become a successful trader.
Absolutely, knowledge is very important if you are trying to make it in your trading experience, else you will be stuck the very same of going wrong all over your trading.
Seb King (sebking1986)
Mar 22 2022 at 10:53
538 příspěvků
Knowledge is vital for directed practice. But too few bother with either of these.
If you can't spot the liquidity then you are the liquidity.
skihav
Mar 22 2022 at 16:27
801 příspěvků
In order to avoid basic mistakes, you need to devote enough time to learning. For example, when I started working with a broker, I did just that.
LyudmilLukanov
Mar 23 2022 at 06:52
869 příspěvků
Over trading, revenge trading, taking high leverage in trading are some common mistakes that a trader frequently make. Success remains untouchable as long as traders can’t come out of those mistakes. Strategy-based trading should be the first choice of a trader. A trader should avoid trading when the market condition is unstable.
Hotfoote
Mar 23 2022 at 07:41
29 příspěvků
Ignoring forex education is the basic mistake traders commit. Forex market is full of risks. And without complete education, you can’t make money in forex.
PeteLanceley
Mar 23 2022 at 09:29
83 příspěvků
Michihito posted:
I find that one of the basic mistakes of new traders is their focus only on earning money. It is better in the beginning that your focus is on learning and gaining necessary experience in order to make one profitable strategy, then on simply chasing profits.
Exactly, most people do focus on the money aspect. But unfortunately as people focus on this, this is why most people fail.
croisssan
Mar 23 2022 at 10:41
939 příspěvků
In order to avoid basic mistakes, I would advise using a demo account. When I started working with a broker I did it this way. The result is quite satisfactory.
synaphea
Mar 25 2022 at 06:09
38 příspěvků
sebking1986 posted:
Knowledge is vital for directed practice. But too few bother with either of these.
Right Knowledge and practice gives traders experience which helps them in developing the right skills for trading.
RobertFerrari
Mar 26 2022 at 05:51
415 příspěvků
Making mistake is a very common practice in Forex space but traders should not stick to this. Traders should spend time for learning about money management, risk management and other issues. Traders hardly face of success because traders are out of this practice. They like to daydream about making money.
no_frame
Mar 28 2022 at 04:57
61 příspěvků
RobertFerrari posted:
Making mistake is a very common practice in Forex space but traders should not stick to this. Traders should spend time for learning about money management, risk management and other issues. Traders hardly face of success because traders are out of this practice. They like to daydream about making money.
I agree with you, spending time on learning is very important before making live trades.
Jamerson
Mar 28 2022 at 09:16
38 příspěvků
What are the most basic and common mistakes that are made by newbie traders in real accounts that I should avoid?
hoagsobjects
Mar 28 2022 at 11:25
9 příspěvků
The most common mistake is to not use any risk management plan. Newbies often use too large Lot size, no stop loss and generally over trade
Davidwise
Apr 01 2022 at 05:31
19 příspěvků
Mistakes that most traders do and I did as well are trading without knowing the entry and exit points of the trade, trading without a stop-loss, and keeping the position out of greed which eventually resulted in lost trade.
skihav
Apr 01 2022 at 12:11
801 příspěvků
Unfortunately, traders make mistakes quite often. But the most interesting thing is that most of them have already been described more than once, but the result is still the same.
croisssan
Apr 02 2022 at 11:32
939 příspěvků
Traders make a lot of mistakes, unfortunately. It is important to evaluate your knowledge and features.
WernerStraube
Apr 02 2022 at 22:13
2 příspěvků
Psychological mistakes are a rather difficult group of mistakes to correct, but mastering your own emotions is an obligatory step that any trader must go through. Why are there a lot of people losing money there?
And often, the answer lies precisely in psychological aspects: trading is largely contra-psychological, so one's psychological attitudes, developed over centuries of evolution, have to be changed somewhat.
It is necessary to be able to count the benefits, search for free crypto instantly and not pay attention to failures. The main thing is to go forward methodically, constantly gaining positive or negative experiences.
skihav
Apr 03 2022 at 10:36
801 příspěvků
Basic mistakes are most common for beginners. In order to somehow solve this issue, I advise you to pay attention to training.
Marcel Durham (MarcellusLux)
Apr 06 2022 at 13:10
199 příspěvků
The mistakes that have already been discussed a million times and that are written in every book are not mistakes, these are neglect.
Suradi (FXOday)
Apr 06 2022 at 22:45
429 příspěvků
Sometimes traders although they know and understand if they do it will become a mistake, but still like to repeat the same mistake over and over again, fear of missing out included the common mistake because tempted by the price movement that seems very confident to take profit
Williamfreed
Apr 07 2022 at 01:48
176 příspěvků
Traders fail in more trades than they can ever count. These trades tend to occur at the beginning of their careers. They have no idea why they are losing money, and they don't know much about it. Their losses are only seen as monetary losses, but no lessons are learned. We cannot expect it to happen in a month, but we can hope for the best. You will fail most of the time, but don't give up. This is a way beginners and the professionals in Forex market have learned their trading.
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