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There are lot of common mistakes

williearnold
Jun 28 2021 at 10:44
posts 13
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 2021 at 12:00
posts 238
the most common mistake is to trade on bigger lots without enough knowledge about the instrument.
georgiaosborne
Jun 30 2021 at 12:57
posts 21
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 2021 at 12:10
posts 8
Biggest mistake is thinking that making money from Forex is easy. It is hard
SteveHanks
Jul 01 2021 at 12:21
posts 536
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 2021 at 15:26
posts 477
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 2021 at 12:47
posts 512
@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 2021 at 16:59
posts 477
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 2021 at 13:16
posts 751
@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 2021 at 01:42
posts 477
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.
Pezza
Aug 14 2021 at 20:27
posts 70
UweMoench posted:
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.
100% have come to learn this, when i started out i did not understand what i was doing or how it all worked. after blowing accounts and making mistakes i learnt to get some education and learning, starting out with a basic strategy but the biggest thig was risk management only ever risking 1% and managing my losses and learning that over time will it take for my account to increase the goal now is all % based rather then $ as this makes your gains a lot clearer
Jim_B
Aug 14 2021 at 22:53
posts 24
If you’re just started off mistakes are bound to be made, my first mistake was looking to trade too many different currency pairs. After that I focussed on one until I was ready to start looking at others.
WaltonCharles
Aug 15 2021 at 07:43
posts 144
Jim_B posted:
If you’re just started off mistakes are bound to be made, my first mistake was looking to trade too many different currency pairs. After that I focussed on one until I was ready to start looking at others.
Making Mistake is a common thing in the forex market. You have to make your mistakes as your learning thing in this market to become successful.
Unellene
Sep 11 2021 at 16:17
posts 283
there are really a lot of them, and they all start with choosing a broker for your work plan
RobSchiz
Dec 05 2021 at 17:42
posts 567
WaltonCharles posted:
Jim_B posted:
If you’re just started off mistakes are bound to be made, my first mistake was looking to trade too many different currency pairs. After that I focussed on one until I was ready to start looking at others.
Making Mistake is a common thing in the forex market. You have to make your mistakes as your learning thing in this market to become successful.
I agree with you. By doing that, a trader can become professional.
bridgekarate
Dec 09 2021 at 11:51
posts 9
Mistakes are common in life the key is to learn from them and specifically in Forex, the key is to make sure that your mistakes do not cost you do much. USE a DEMO!!
HeavenLeighGill (HeavLeighGill26)
Dec 09 2021 at 16:39
posts 255
Very true. You mentioned a lot of the most common mistakes...also, overtrading, revenge trading, etc. can wreak havoc on our profits if we get carried away.
croisssan
Dec 09 2021 at 18:00
posts 939
It is quite normal for a trader to make mistakes. In general, it is worth understanding that any person can make mistakes.
UweMoench
Jan 08 at 13:09
posts 751
There are lots of typical mistakes made by traders when they're new. I've also made the same mistake. Opening trade positions prior to major news events, and closing it after news events. Making too much of a trade is a second error. The risk of putting over 1% capital is an error as well. Another mistake is to have unrealistic expectations. It's not our intention to more than double or triple the amount of our capital in a matter of hours. However, it's one of the biggest mistakes you can make. There are also mistakes made when choosing a broker.
croisssan
Jan 09 at 09:14
posts 939
I would advise you to first look at the forums what mistakes traders make most often in order to prevent them in the future.
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