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Mike (kc8yty)
Jan 25 at 14:01
36 Beiträge
Biggest mistake in my opinion. Over leveraged, Not cutting losses quickly enough -poor risk management and risking to much per trade.

"Formal education will make you a living, self education will make you a fortune"
vontogr (togr)
Jan 25 at 15:27
4862 Beiträge
The biggest mistake is to start trading without trading plan.
As result you face loss as you basically dont know what are you doing.

LeviSievwright5
Jan 25 at 16:41
285 Beiträge
Yes, when a trader joins a new trading, Forex seems like a money making machine to him. That idea is completely wrong. If you maintain a plan and discipline, you can make some profit at the end of the month.

AliaDare
Jan 25 at 17:03
291 Beiträge
If you don't know about trading analysis, if you don't know about brokers, it will become the biggest mistake in your trading.

LyudmilLukanov
Jan 25 at 18:25
259 Beiträge
kc8yty posted:
Biggest mistake in my opinion. Over leveraged, Not cutting losses quickly enough -poor risk management and risking to much per trade.

True. Trading with high leverage without proper risk management is like suicide.

momo3HC
Jan 26 at 20:38
164 Beiträge
True. The second biggest mistake is to risk what you can`t afford to lose.

Martingupttil
Jan 27 at 10:43
38 Beiträge
Numeromatt posted:
I absolutely agree Martingupttil, newbies don’t think about the amount of effort required for learning trading. All of those years where now successful traders earned only peanuts while learning trading, is not seen by many people. Sometimes it can take a lifetime to make substantial profits.

It is not only about trading but in every field it is the same, hardships can only make you understand the real meaning of the hustle. There are many new people who don’t look for features which they require but go with other recommendations. When I started out I tested a whole lot of brokers and trading platforms on their demo accounts and only after extensive testing of different strategies on FXCM and fxview, I went live.

AhTai
Jan 27 at 11:22
11 Beiträge
Biggest mistake for me was to start trading on a live account first. I wish I had used a demo

blandpatsyy
Jan 27 at 12:47
39 Beiträge
Martingupttil posted:
Numeromatt posted:
I absolutely agree Martingupttil, newbies don’t think about the amount of effort required for learning trading. All of those years where now successful traders earned only peanuts while learning trading, is not seen by many people. Sometimes it can take a lifetime to make substantial profits.

It is not only about trading but in every field it is the same, hardships can only make you understand the real meaning of the hustle. There are many new people who don’t look for features which they require but go with other recommendations. When I started out I tested a whole lot of brokers and trading platforms on their demo accounts and only after extensive testing of different strategies on FXCM and fxview, I went live.

According to me more than greed there are other factors like lack of experience and a robust plan for trading which leads to the downfall of the traders.

MichaelEX
Jan 28 at 09:48
48 Beiträge
In my opinion, one of the biggest mistake is trading without stop loss. This helps you to get out of trade if price moves against you and prevents you from losing more than you can handle.

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