Common mistakes
Miembro desde Feb 04, 2021
posts 32
Feb 08, 2021 at 12:25
According to me, the biggest mistake a trader makes is not using stop loss.
Miembro desde Dec 16, 2020
posts 9
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:
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.
Oh yes, been there and done all of those more than once.
All or nothing
Miembro desde Mar 13, 2018
posts 13
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
Miembro desde Nov 06, 2018
posts 81
Mar 16, 2021 at 15:32
UweMoench posted:
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.
Yep, all common mistakes unfortunately!
Miembro desde Oct 25, 2018
posts 8
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.
Miembro desde Mar 17, 2021
posts 494
Jul 06, 2021 at 12:17
TradeHut posted:
I believe the biggest mistake is trading without any proper plan, trading without any strategy means getting more risks and losses.
Yes. Most traders lose their money because of their low knowledge.
Miembro desde Jun 17, 2021
posts 44
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.
Miembro desde May 27, 2021
posts 63
Jul 31, 2021 at 17:34
One more is not making proper use of stop loss.
