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Common mistakes

Karlos Fandango (Smith2525)
Mar 14 2021 at 10:57
posts 82
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.
TradeHut
Mar 15 2021 at 12:16
posts 31
I believe the biggest mistake is trading without any proper plan, trading without any strategy means getting more risks and losses.
Development101
Mar 15 2021 at 13:22
posts 13
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
PeteLanceley
Mar 16 2021 at 15:32
posts 83
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!
ethelaguilar
Mar 23 2021 at 10:28
posts 16
Yeah we all make some mistakes in the beginning. They can be avoided with time.
ShamrockEire
Mar 23 2021 at 11:20
posts 9
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
UweMoench
Mar 23 2021 at 13:04
posts 751
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.
SteveHanks
Jul 06 2021 at 12:17
posts 536
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.
Tradextol
Jul 19 2021 at 11:02
posts 57
@TraderHut I agree with your point that unplanned trading is one of the most common as well as the biggest mistakes made in trading. With unplanned trading, the chances of losses are high and hence very risky.
Tremblay
Jul 24 2021 at 08:01
posts 330
SteveHanks posted:
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.
I completely agree with you.
Imamul
Jul 25 2021 at 08:11
posts 695
the most common mistake is revenge trading i mean over trading , generally the traders we have beginners always do that when making a losses.
WaltonCharles
Jul 25 2021 at 11:47
posts 144
Imamul posted:
the most common mistake is revenge trading i mean over trading , generally the traders we have beginners always do that when making a losses.
I agree with you.
Tremblay
Jul 26 2021 at 16:36
posts 330
Imamul posted:
the most common mistake is revenge trading i mean over trading , generally the traders we have beginners always do that when making a losses.
Yes. Over-trading can put you in great danger.
karenpeters
Jul 28 2021 at 06:52
posts 46
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.
Akasuki
Jul 31 2021 at 10:51
posts 512
Common mistakes are those that we do again and again. Over trading, revenge trading, no money and risk management all are common mistakes.
Alexthetrader
Jul 31 2021 at 17:34
posts 64
One more is not making proper use of stop loss.
Akasuki
Aug 01 2021 at 11:31
posts 512
@Alexthetrader Placing stop loss in the right place is not an easy task. One needs proper knowledge and experience of reading a chart to place stop loss.
Sar John (Sarjohn)
Aug 02 2021 at 06:36
posts 187
ShamrockEire posted:
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
Yes, only the dedicated persons are able to make profit from forex, It’s not everyone's cup of tea.
Tradelist45
Aug 04 2021 at 07:07
posts 235
risk is everywhere , there is no way to avoid , but in spite of having much risk you can bring good amount of profit from this trading place if you can make sure best risk and money management.
notoriousfox1
Aug 04 2021 at 11:14
posts 9
all investment is about risk management from a trade decision perspective to a Lot size decision
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