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Basic mistake we make
Membre depuis Aug 05, 2021
posts 394
Nov 17, 2021 at 23:11
Membre depuis Apr 03, 2021
posts 437
The most mistake often face I think is FOMO, fear of missing out, I am often trapped in such situations where actually I realize if the zone price is less good to open trades, but my mind cant stop desire to open trades, I just only talk to own selves, take a small risk no problem, but because it occurs many times, small risk even ends too big loss in accumulation.
Membre depuis Jun 12, 2021
posts 132
Membre depuis May 31, 2021
posts 51
Membre depuis Sep 01, 2021
posts 8
Nov 18, 2021 at 11:56
Membre depuis Sep 01, 2021
posts 8
Jungle78 posted:
Moving onto live trading without spending enough time on demo.
At least 6 months on demo thats a minimum in my opinion
I concur. This is the way to do it. So many move to live account from the start and just lose all their money
Membre depuis Mar 17, 2021
posts 494
Nov 23, 2021 at 05:03
Membre depuis Nov 03, 2021
posts 53
The most basic mistake for a newcomer is keeping aside the learning process and chasing profits all the time. You will end up nowhere without a proper plan and a strategy to work fine for you. It will be a mistake to enter live trading without the basic knowledge, proper mental preparation, and enough practice on your demo account.
Membre depuis Jan 22, 2021
posts 126
Nov 26, 2021 at 08:01
Membre depuis Jan 22, 2021
posts 126
blixtpiece posted:
The basic and common mistake committed is that we enter trading with the mindset of earning money fast which is not at all true. Trading demands time more than money, skills and experience more than knowledge.
This is so true, I have noticed that some joined forex trading in hoping to earn money fast, which obviously is an unhealthy mindset to consider.
Membre depuis Jul 20, 2020
posts 385
Nov 26, 2021 at 08:17
Membre depuis Jul 20, 2020
posts 385
Tuxedo888 posted:
Best thing, sit on your hands, and watch the markets open and then close .day in and day out.
and watch and learn how the traders paint the candles on your screen.
forget indicators, there all Lagging.
Funny this is so key, in a round about way you are gaining experience. I think experience is the biggest thing as you get a feel for the market and you have watched so many candles paint that you can anticipate with your techincal knowledge the probability of the trade coming out in your favour
Membre depuis Nov 23, 2021
posts 34
Membre depuis Sep 06, 2021
posts 9
Dec 08, 2021 at 15:18
Membre depuis Mar 28, 2021
posts 586
@UweMoench Yes we can avoid basic mistakes by keeping a journal and following it. We always should learn from our mistakes. Best learners are those who learn from their mistakes.
Dec 08, 2021 at 21:08
Membre depuis Sep 22, 2018
posts 67
Quange posted:
In order not to make the mistakes of beginners, a trader must have a personal strategy and plan. You should always know what to do, even in unusual situations.
Deffiently need a plan /strategy and if they do there homework and research they should gain knowledge
Dec 17, 2021 at 04:40
Membre depuis Nov 23, 2021
posts 33
Chasing gains while not caring about preserving the profits made is one basic mistake that many of us make. We often don't realise that earning is not enough but we should also look for ways to save those profits. Else, every winning trade is in vain.
Membre depuis Nov 23, 2021
posts 24
Dec 20, 2021 at 05:55
Membre depuis Nov 23, 2021
posts 24
Plan and strategy are two very important factors when it comes to forex trading. These are simple words, but they require a lot of knowledge and thought before action can be taken. Many people jump right into the market without a plan or a strategy, hoping to "strike it rich." This almost always leads to failure.
Membre depuis Dec 05, 2020
posts 76

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