Nov 11 2021 at 05:47
Learning will give new traders a great advantage. Even veteran traders continue to learn new things and advance their strategies.
There is no only one mistake in trading, there is a vast majority of mistakes which every trader once made in his trading career. The first one is rushing and fake hopes. All of the traders once had a situation when they wanted to rush the position in order to earn lots of money right away. It's prohibited in case you want to build a successful trading career, only wise approach is acceptible. The second mistake relates to usage of leverages. Some traders in the very beginning of their trading path decided to start off from leverage trading and they picked the highest leverage which is provided by the broker. It's a direct way to blowing of your account.
Nov 11 2021 at 11:56
Trading with presence of mind will never put you into the big losses.
A beginner can make many mistakes when trading the market for the first time. Many of them lose money because they lack the necessary knowledge, experience and discipline.
Nov 15 2021 at 07:23
While there are numerous trading opportunities every day, but then taking too many positions in one day may also be detrimental to your trading.
Nov 16 2021 at 15:09
Best thing to do is focus on self-improvement and the money will follow.
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.
and watch and learn how the traders paint the candles on your screen.
forget indicators, there all Lagging.
Not Specified
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.
Nov 18 2021 at 09:48
actually if we do same mistake again and again then we can call this attitude as a own choose , its my own opinion, please never take this anyone personally. thank you
Nov 18 2021 at 10:53
Forget to apply SL and TP.
Moving onto live trading without spending enough time on demo.
At least 6 months on demo thats a minimum in my opinion
At least 6 months on demo thats a minimum in my opinion
Nov 18 2021 at 11:56
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
Yes, demo first until you are making money there. No point going live if you can't beat a demo account
Nov 21 2021 at 19:13
Most traders try to trade in this market without proper knowledge and skills.
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.
Nov 26 2021 at 07:10
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.
Nov 26 2021 at 08:01
blixtpiece posted: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.
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.
Nov 26 2021 at 08:17
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
Dec 07 2021 at 06:06
That’s true. Traders need to treat forex as a long-term business. You can’t expect to get huge profits in a single day. We need to allot time in learning before expecting something in return.
Dec 07 2021 at 09:51
As a newbie in forex, I would like to know what are the basic and most common mistakes made by beginner live traders and how to avoid those mistakes?
