Mistakes.

SteveHanks posted:

ElliotCooke posted:
Most traders become failures in this market because of their low knowledge. Most people think that there is no need to have the knowledge to trade in the forex market.

Yes. You are right.

Which is scary don't you think? Nobody would ever say or think the same about becoming a doctor or lawyer.

Everyone loses money at some point in this industry and I think most of us look back and wish that we would have done some things differently at points in our trading career, especially the beginning. Best thing to do is learn from those mistakes and not dwell on them.

croisssan posted:
Unfortunately, mistakes in trading do occur, but in order to successfully overcome them, you need to analyze their cause. Otherwise, it is rather difficult to decide.

Did you have an experience on human automation bot for forex trading?

HeavLeighGill26 posted:
Everyone loses money at some point in this industry and I think most of us look back and wish that we would have done some things differently at points in our trading career, especially the beginning. Best thing to do is learn from those mistakes and not dwell on them.

Did you have an experience on human automation bot for forex trading?

Roberto21 posted:
Maximum traders in Forex like to trade with high leverage for making profit instantly. But traders who make profit consistency , I don’t think they use high leverage. They way I see it. High leverage gives us the benefits not to worry about margin requirements and one less thing to focus on. Abusing leverage can be costly for traders.

Did you have an experience on human automation bot for forex trading?.... making a step on automation bot You see how it is cool making killer income with whatever you choose as your leverage

greed is the most common mistake in Forex trading , due to its reason we the traders above all the newcomers always fall a great trouble.

HeavLeighGill26 posted:
Everyone loses money at some point in this industry and I think most of us look back and wish that we would have done some things differently at points in our trading career, especially the beginning. Best thing to do is learn from those mistakes and not dwell on them.

Yeah exactly! If a trader is not learning from mistakes and is repeating same mistakes again and again, then he is on the wrong track. It's a must to learn from the mistakes. Then only you can grow in this world.

Have you seen this somewhere or planning to make a such robo as i believe that this is a code only but how you will beat the emotional trading factor?

if we practice more and more then we can avoid any kind of mistake, so we the traders have to make sure regular practice of level.

Practice is the right way, but you need to go through it with the correct trading system, the right psychology, and it is important to know that mistakes are just a pattern that is caused by the flaws in the trading system. It is also important to recognize that this is a general process and mistakes must be carefully analysed after the trading, which as important as what happens in the market.

Mistakes go hand in hand with the progress. So, if you are picking up some new activity be it trading or planting a tree, you'll inevitably face problems and mistakes. The main thing to bear in mind here is not to be afraid of making mistakes. Surely, one may say that it is easy to be said than to be done when it comes about losing your own money, but if you don't want to lose your money you should trade demo or micro lots, that's it. Probably, the first thing you need to learn is money management when you make up your mind to switch to the real trading in order no to lose more than you can actually afford.
Another question is that you need to learn lessons from your mistakes. That is why I strongly recommend everyone to have a trading diary where you should write all of your thoughts which you have before making a deal. This tool will help you analyze your past experience and see lots of insights which will definetely help you correct your mistakes and improve your trading results.

Mistakes are made by all traders and novices shouldn't be scared of making mistakes, because they literally show you that you are on the right way and the matter here is never give up. Those traders who have never made mistakes, then probably, they will be eliminated by the market too soon. Mistakes are considered to be something that all traders try to avoid, but there is no development without mistakes. It doesn't relate only to trading activity, mainly it relates to all the activities, which require skills, knowledge and experience. The more mistakes you make, the more experience you get and you should appreciate that.

A trader should always learn from their mistakes. One can only move forward by knowing the mistakes they have made. This will enable them to make better decisions in the future.

Is this not the same in life generally though? I don't know why so many new traders approach making mistakes differently.

It is important to be able to work out your mistakes in a quality manner. It should be understood that mistakes can bring only one result - losses.

It's common to make mistakes in the forex market. However, if you can use your failures as learning opportunities, you can achieve success.

If you use a demo account then it is cheaper to make mistakes!

Mistakes are a common thing even in forex trading. Some people when not in their right state of mind often make mistakes. This is why traders are suggested not to trade if something goes wrong and you are stressed or disturbed before trading. The trader can skip once to keep trading efficiently later on.

Mistake is milestone that every trader have to pass through. If there is no mistake there is no learning.