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There are lot of common mistakes

williearnold
Jun 28 at 10:44
13 Posts
I have seen a lot of traders entering the forex market without proper learning. They are often the ones who end up blaming the market for the losses they make.

lovefortrading (perryjohn765)
Jun 28 at 12:00
238 Posts
the most common mistake is to trade on bigger lots without enough knowledge about the instrument.

georgiaosborne
Jun 30 at 12:57
21 Posts
It’s normal. The ones who fail in the trading market usually blame the market and often say forex is a scam. The most common thing that gets into their head is the greed to earn more.

sopranoberidze
Jul 01 at 12:10
8 Posts
Biggest mistake is thinking that making money from Forex is easy. It is hard

SteveHanks
Jul 01 at 12:21
458 Posts
sopranoberidze posted:
Biggest mistake is thinking that making money from Forex is easy. It is hard

Yes. If you don't have enough knowledge this is very tough to make money from this market.

LukeRachel
Jul 01 at 15:26
395 Posts
I need to do technical analysis when I buy a currency. And if you do this analysis, sometimes there may be a loss. You have to gain knowledge from that mistake.

Akasuki
Jul 02 at 12:47
342 Posts
@LukeRachel Technical analysis is needed but along with analysis we need a good mindset. A mind that can control emotions and stay away from unnecessary trades.

LukeRachel
Jul 02 at 16:59
395 Posts
Akasuki posted:
@LukeRachel Technical analysis is needed but along with analysis we need a good mindset. A mind that can control emotions and stay away from unnecessary trades.

Yes, you are right. Trading is extremely risky if I can’t control the mindset.

UweMoench
Aug 05 at 13:16
647 Posts
@LukeRachel Yes mindset is the key in forex trading. There are people who can do good analysis but can not make consistent profit due to poor trading mindset.

LukeRachel
Aug 11 at 01:42
395 Posts
UweMoench posted:
@LukeRachel Yes mindset is the key in forex trading. There are people who can do good analysis but can not make consistent profit due to poor trading mindset.

Yes, trading is risky but it must be controlled. It is possible to manage risk by maintaining a risk ratio.

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