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Basic mistake we make
Feb 12, 2021 at 11:29
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.
Feb 12, 2021 at 12:03
Biggest mistake is not making anything good from that matter and how do you plan to go further in life with that matter out there. I am totally and completely disrespected will be by such decisions, that's why I am always looking for some improvement ways on that.
Mitglied seit Jul 20, 2020
286 Posts
Feb 24, 2021 at 14:33
It is never possible to make a consistent profit without learning to trade. Trading education is needed to develop skills.
Feb 24, 2021 at 15:49
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.
Great advice, I think a lot of people neglect using demo accounts - that's always a good place to keep practicing and honing your strategy.
Sam.peters@
Mitglied seit Sep 12, 2017
232 Posts
Feb 25, 2021 at 08:28
The most generic mistake we do is greed..running after money and not thinking of the circumstances
Mitglied seit Jul 23, 2020
696 Posts
Feb 25, 2021 at 17:36
Beagelv posted:
Trading at random will not bring any result, here you need to clearly calculate and prepare everything.
True. Proper planning and strategy are needed for success.
Mitglied seit Jul 03, 2020
33 Posts
Mar 02, 2021 at 12:52
It is fair for all the beginners to think of earning money because the majority of traders who enter the forex market want to earn instead of learning.
Mitglied seit Jan 22, 2021
126 Posts
Mar 02, 2021 at 16:01
We think that each trade we are making will bring us more profit. This is the biggest mistake. Over optimistic outlook can ruin your trades sometime.
Mar 03, 2021 at 11:13
blackChelsea posted:
We think that each trade we are making will bring us more profit. This is the biggest mistake. Over optimistic outlook can ruin your trades sometime.
Yeah expectations mate! Most of us expect too much from forex. Gotta be realistic.
Mar 23, 2021 at 13:17
One of the mistakes a trader would make in Forex is trying too hard to recover losses. While everyone would want to minimize the effect of losses on their trade, sometimes, it pays more to always overcome that early emotional anxiety to recover whatever losses we may have incurred. This helps us think well, re analyze the market before entering.
Mitglied seit Feb 16, 2019
26 Posts
Mar 26, 2021 at 11:45
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.
yes being emotional about it
Mitglied seit Jul 23, 2020
816 Posts
Mar 27, 2021 at 13:01
UweMoench posted:
One of the mistakes a trader would make in Forex is trying too hard to recover losses. While everyone would want to minimize the effect of losses on their trade, sometimes, it pays more to always overcome that early emotional anxiety to recover whatever losses we may have incurred. This helps us think well, re analyze the market before entering.
It is completely true. If you want to recover your loss, try with the trading plan not just with emotion.
Mitglied seit Jul 20, 2020
385 Posts
Mar 27, 2021 at 14:30
Yes for sure. Losses are a part of the process so they should not effect you. Thats the skill and it will come with experience.
Mitglied seit Jun 26, 2020
323 Posts
Mar 28, 2021 at 07:28
generally we the traders do same common mistake and it occurs at all times , i always fall a great trouble when using high leverage , it my common mistake from a new Forex trader.
Oct 06, 2021 at 19:53
Surely, the newbies should concentrate on learning instead of earning the money. Only after learning the fundamentals of trading can you think of making the money. If you chase for the high profits right after you created your first trading account. In this situation the newbies are sure to lose their deposit.
