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Basic mistake we make

maria_no
Mar 08 2022 at 12:27
posts 15
Not setting the right strategy or not placing a stop losses can be a biggest challenges that anyone can make.
JoanneCesser
Mar 09 2022 at 05:46
posts 2
The basic mistakes traders make are that they keep trading when they lose their investment instead of waiting and don't use Stop Loss order.
winning_trades
Mar 09 2022 at 06:21
posts 48
JoanneCesser posted:
The basic mistakes traders make are that they keep trading when they lose their investment instead of waiting and don't use Stop Loss order.
Yeah, trading without using stop loss is the biggest mistake traders do and they end up blowing their accounts.
Williamfreed
Mar 10 2022 at 14:58
posts 176
Both beginners and experienced traders can make mistakes. The key is to be able to work on them and react to them in a timely manner.
Jamesmaculm
Mar 17 2022 at 08:19
posts 16
I agree with your point! When traders start trading, they are so focused on making money rather than developing their skill. In the early days of their trading, all traders should give time to understanding forex concepts — trading psychology, risk management, and how to make better trading strategies.
LabuyaChicay
Mar 19 2022 at 06:27
posts 119
A forex traders is infected with several basic mistakes that he or she needs to get rid of. Using absurd leverage and news trading without proper market analysis are two of those, which are frequently seen among traders committing. A trader cannot do well in trading until he comes out of such mistakes.
jambeau
Mar 22 2022 at 05:16
posts 51
I consider lack of proper trading knowledge to be the basic mistake committed by traders. Traders also lack seriousness towards trading. Despite understanding the market’s volatility, many traders take it lightly. It is paramount to build forex foundations to become a successful trader.
no_frame
Mar 22 2022 at 09:39
posts 61
jambeau posted:
I consider lack of proper trading knowledge to be the basic mistake committed by traders. Traders also lack seriousness towards trading. Despite understanding the market’s volatility, many traders take it lightly. It is paramount to build forex foundations to become a successful trader.
Absolutely, knowledge is very important if you are trying to make it in your trading experience, else you will be stuck the very same of going wrong all over your trading.
Seb King (sebking1986)
Mar 22 2022 at 10:53
posts 538
Knowledge is vital for directed practice. But too few bother with either of these.
If you can't spot the liquidity then you are the liquidity.
LyudmilLukanov
Mar 23 2022 at 06:52
posts 869
Over trading, revenge trading, taking high leverage in trading are some common mistakes that a trader frequently make. Success remains untouchable as long as traders can’t come out of those mistakes. Strategy-based trading should be the first choice of a trader. A trader should avoid trading when the market condition is unstable.
Hotfoote
Mar 23 2022 at 07:41
posts 29
Ignoring forex education is the basic mistake traders commit. Forex market is full of risks. And without complete education, you can’t make money in forex.
PeteLanceley
Mar 23 2022 at 09:29
posts 83
Michihito posted:
I find that one of the basic mistakes of new traders is their focus only on earning money. It is better in the beginning that your focus is on learning and gaining necessary experience in order to make one profitable strategy, then on simply chasing profits.
Exactly, most people do focus on the money aspect. But unfortunately as people focus on this, this is why most people fail.
synaphea
Mar 25 2022 at 06:09
posts 38
sebking1986 posted:
Knowledge is vital for directed practice. But too few bother with either of these.
Right Knowledge and practice gives traders experience which helps them in developing the right skills for trading.
no_frame
Mar 28 2022 at 04:57
posts 61
RobertFerrari posted:
Making mistake is a very common practice in Forex space but traders should not stick to this. Traders should spend time for learning about money management, risk management and other issues. Traders hardly face of success because traders are out of this practice. They like to daydream about making money.
I agree with you, spending time on learning is very important before making live trades.
hoagsobjects
Mar 28 2022 at 11:25
posts 9
The most common mistake is to not use any risk management plan. Newbies often use too large Lot size, no stop loss and generally over trade
WernerStraube
Apr 02 2022 at 22:13
posts 2
Psychological mistakes are a rather difficult group of mistakes to correct, but mastering your own emotions is an obligatory step that any trader must go through. Why are there a lot of people losing money there?
And often, the answer lies precisely in psychological aspects: trading is largely contra-psychological, so one's psychological attitudes, developed over centuries of evolution, have to be changed somewhat.
It is necessary to be able to count the benefits, search for free crypto instantly and not pay attention to failures. The main thing is to go forward methodically, constantly gaining positive or negative experiences.
Marcel Durham (MarcellusLux)
Apr 06 2022 at 13:10
posts 277
The mistakes that have already been discussed a million times and that are written in every book are not mistakes, these are neglect.
Suradi (FXOday)
Apr 06 2022 at 22:45
posts 470
Sometimes traders although they know and understand if they do it will become a mistake, but still like to repeat the same mistake over and over again, fear of missing out included the common mistake because tempted by the price movement that seems very confident to take profit
Williamfreed
Apr 07 2022 at 01:48
posts 176
Traders fail in more trades than they can ever count. These trades tend to occur at the beginning of their careers. They have no idea why they are losing money, and they don't know much about it. Their losses are only seen as monetary losses, but no lessons are learned. We cannot expect it to happen in a month, but we can hope for the best. You will fail most of the time, but don't give up. This is a way beginners and the professionals in Forex market have learned their trading.
LyudmilLukanov
Apr 07 2022 at 06:08
posts 869
The cardinal step a trader should follow is to get rid of all the basic mistakes. Over and over mistakes work as an impediment to trading. But traders are less willing to solve this issue rather they prefer trading with high leverage in the expectation to gaining more and more.
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