Common mistakes
Mitglied seit Feb 04, 2021
35 Posts
Feb 08, 2021 at 12:25
According to me, the biggest mistake a trader makes is not using stop loss.
Mitglied seit Dec 16, 2020
13 Posts
Mar 09, 2021 at 11:25
Yes, these are the most common mistakes that new and some advanced traders tend to make.
Mar 14, 2021 at 10:57
UweMoench posted:Oh yes, been there and done all of those more than once.
Common mistakes are those that we make very often. Over trading, revenge trade, fear of missing opportunity and not following any money management policy are the most common mistakes.
All or nothing
Mitglied seit Mar 13, 2018
13 Posts
Mar 15, 2021 at 13:22
I think risk management is the main problem people have. Most people do not understand Lot size and just use a random number that they think is suitabl
Mitglied seit Nov 06, 2018
83 Posts
Mar 16, 2021 at 15:32
UweMoench posted:Yep, all common mistakes unfortunately!
Common mistakes are those that we make very often. Over trading, revenge trade, fear of missing opportunity and not following any money management policy are the most common mistakes.
Mitglied seit Oct 25, 2018
9 Posts
Mar 23, 2021 at 11:20
One big mistake is to assume that anyone can make money from Forex trading. It just isn't true. Almost everyone loses money. Only the dedicated will prevale
Mar 23, 2021 at 13:04
We should try to control our emotions and avoid our emotions from influencing our decisions. This is not easy and may take long time and experience to make our trading emotion free. Emotional control is more essential when one loses money in Forex trading because this is the time when many people behave irrationally and take hasty decisions with a view to recover their losses.
Mitglied seit Mar 17, 2021
536 Posts
Jul 06, 2021 at 12:17
TradeHut posted:Yes. Most traders lose their money because of their low knowledge.
I believe the biggest mistake is trading without any proper plan, trading without any strategy means getting more risks and losses.
Mitglied seit Jun 17, 2021
46 Posts
Jul 28, 2021 at 06:52
Revenge trading or over trading is undoubtedly one of the biggest trading mistakes. I have done it once and faced a huge loss. I learnt from my mistake and never ever repeated the same. Revenge trading is always to be avoided otherwise it can result in unbearable loss at times.
Mitglied seit May 27, 2021
64 Posts
Jul 31, 2021 at 17:34
One more is not making proper use of stop loss.
