There are lot of common mistakes every trader do when they are new. I also did the same. Like opening trade position before big news events and after the news events. Opening too many lots is another mistakes. Risking more than 1% of the capital is also a mistake. Another big mistake is unrealistic expectation. We come here to make double, triple of our capital over night. But it's the biggest mistake one can have. We also make mistake in choosing broker.
The biggest mistake people make is they think trading doesn't require skills. It happens when we treat trading just like gambling. But the truth is to make consistent profit you need knowledge and skills.
SofieAndreasen
Miembro desde Jul 23, 2020
posts 759
Jan 31 2021 at 17:41
New traders often start with real account without demo practice which is a big mistake.
The mistakes we make when trading are common enough that everyone repeats the same thing.
Mistakes are the lesson to be learnt and improve for the future.
debramaldonado
Miembro desde Dec 02, 2020
posts 21
Feb 05 2021 at 12:18
There are so many people who think that forex trading doesn’t require skills and you can make money in the market whenever you can. But it’s not the truth. You have to do your learning and enhance your skills to make profits in the market.
CraigMcG2020
Miembro desde Jul 20, 2020
posts 294
Feb 05 2021 at 17:33
Thats so true ive made all of the same mistakes mentioned above lol
Sometimes it is better to study the mistakes that can occur during trading in order to be on the safe side than to experience them in your trading.
KnowFinance
Miembro desde Jan 16, 2021
posts 85
Feb 08 2021 at 11:54
The common mistake which I noticed among most of the traders is doing overtrading, in the urge of making maximum profits they open multiple positions without sufficient capital and end up gaining loss.
I guess starting live trading, without any good skills and knowledge is another huge mistake and some traders don't even plan their moves, which is again a big fault.
barmangrunt
Miembro desde Dec 21, 2020
posts 22
Mar 09 2021 at 10:27
Nearly every trader tends to make some mistakes in their trading career. We have to learn to live with them.
mortanlais
Miembro desde Dec 24, 2020
posts 17
Mar 10 2021 at 06:18
Well, mistakes make us human right. There are definitely some mistakes every trader makes in their career.
radioactive
Miembro desde Sep 07, 2020
posts 58
Mar 10 2021 at 10:28
mortanlais posted:
Well, mistakes make us human right. There are definitely some mistakes every trader makes in their career.
True. All of us make mistakes, better not everyone tries to learn lessons from their mistakes.
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.
radioactive posted:mortanlais posted:
Well, mistakes make us human right. There are definitely some mistakes every trader makes in their career.
True. All of us make mistakes, better not everyone tries to learn lessons from their mistakes.
Yes. Every trader should make their mistakes as their learning options.
SteveHanks
Miembro desde Mar 17, 2021
posts 536
Apr 14 2021 at 18:29
Tremblay posted:radioactive posted:mortanlais posted:
Well, mistakes make us human right. There are definitely some mistakes every trader makes in their career.
True. All of us make mistakes, better not everyone tries to learn lessons from their mistakes.
Yes. Every trader should make their mistakes as their learning options.
That is very nice advice. If every trader does this, they can make good trading careers in this platform.
Better to learn from other peoples mistakes and take advice from the forum here on myfxbook!
yana hansen
(78678676)
Miembro desde Oct 16, 2020
posts 137
Apr 15 2021 at 11:05
Choosing the right broker is very important. Never go for an unregulated broker. Your funds are not safe with them.