Unnecessary trade

Jan 12, 2021 at 13:43
989 zobrazení
17 Replies
Členem od Jul 19, 2020   751 příspěvků
Jan 12, 2021 at 13:43
Unnecessary trade is a very common problem for newbies. Actually you do it out of confusion. You don't have trust on your strategy and yourself. You should have clear idea about your risk reward ratio and winning ratio. You lack confidence. It comes from not knowing what you are doing. Practice on demo find out your winning trade ratio. The main point is you have to increase your skills.
Členem od Nov 29, 2020   7 příspěvků
Jan 12, 2021 at 19:53
I think you are right
Členem od Nov 24, 2020   28 příspěvků
Jan 25, 2021 at 07:57
A lot of newbies think that overtrading would help them recover their losses. They must understand that nothing like that would ever happen. That’s what you learn with experience. The more experience you make, the better the trader you become.
Členem od Nov 19, 2020   104 příspěvků
Jan 25, 2021 at 08:11
Over trading is in now way helpful. I remember how many losses I have incurred because of not closing my positions on time.
Členem od Aug 07, 2020   75 příspěvků
Jan 25, 2021 at 10:03
Sometimes we release something important and suffer losses, but the most important thing is to draw the right conclusions from mistakes and correct them.
Členem od Jan 02, 2020   14 příspěvků
Jan 25, 2021 at 18:33
People are just interested in getting everything at once, and this sometimes leads to severe consequences.
Členem od Sep 27, 2020   11 příspěvků
Jan 25, 2021 at 19:03
Even the most improper trade is an experience.
And experience is the basis for productive work.
Členem od Nov 26, 2020   18 příspěvků
Feb 04, 2021 at 03:44
Yeah, they should be aware of when to enter and exit but then it also comes with some experience, so there is that.
Členem od Nov 19, 2020   104 příspěvků
Feb 04, 2021 at 07:18
dennisstanley posted:
Yeah, they should be aware of when to enter and exit but then it also comes with some experience, so there is that.
Agreed, practice teaches a lot while we trade. It takes time and patience to become better here.
Členem od Jan 21, 2021   48 příspěvků
Feb 05, 2021 at 03:48
Unnecessary trades is a problem for those who are still struggling with self confidence. This can be solved only with knowledge, practice and experience.
Členem od Aug 11, 2017   886 příspěvků
Feb 08, 2021 at 04:17
no way to avoid the importance of demo trading , bu the main problem is , the experience we took from demo practically not works when trading in a live account. so, traders don't believe the importance of this trading place. 
Členem od Jul 19, 2020   788 příspěvků
Feb 14, 2021 at 13:01
It is never possible to gain trading profit without a trading plan and discipline. As a trader, you should always trade with discipline.
Členem od Jul 23, 2020   869 příspěvků
Feb 14, 2021 at 16:56
To avoid unnecessary trades, traders have to follow proper trading plan. Otherwise you may end up in losing side.
Členem od Jul 19, 2020   298 příspěvků
Feb 15, 2021 at 12:18
Loss is inevitable in forex trading but you shouldn't feel dejected like you have said,if you get dejected every time you loose,then it would come to a certain time that you would not want to invest in forex again but if you carry on and you don't let your loss to weigh you down,I am sure you will be able to trade many more.
Členem od Jul 20, 2020   298 příspěvků
Feb 15, 2021 at 17:35
If you trade by force where there is no trade. But it will go beyond discipline and plan. So you have to survive by trading positively.
Členem od Nov 19, 2020   104 příspěvků
Feb 16, 2021 at 05:35
LeviSievwright5 posted:
If you trade by force where there is no trade. But it will go beyond discipline and plan. So you have to survive by trading positively.
I make it a point to never go against my plan, as much as possible. I guess that's too important to stay in the game.
Členem od Oct 16, 2020   137 příspěvků
Feb 16, 2021 at 10:38
Overtrading is dangerous. Sometimes people overtrade because they are getting profits back to back and sometimes its revenge trading, that is when you trade to overcome your losses. Please don’t let these two situations fool you as the market is very volatile and you cannot predict the market’s direction a 100%.
Členem od Nov 17, 2020   19 příspěvků
Feb 17, 2021 at 07:53
jasonmark409 posted:
MichaelEX posted:
Unnecessary trades is a problem for those who are still struggling with self confidence. This can be solved only with knowledge, practice and experience.
Absolutely and I’ve seen that often traders make the mistake of opening lots of positions in greed or hope to hit the jackpot on some or all of their trades.
Lemme ask you something. Say hypothetically, you’re watching 20 currency pairs and that means just 20 candles to look at each day, how on earth could one expect to be in profit?
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