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Common mistakes

Dec 30, 2020 at 12:45
Vues 2,431
78 Replies
Membre depuis Nov 20, 2020   posts 15
Jan 20, 2021 at 04:30
Yes these are some very common mistakes made by new traders and they should definitely stay away from overtrading.
Membre depuis Aug 07, 2020   posts 75
Jan 25, 2021 at 10:10
We do not have experience and practice, when we just start, if we have preparation, then it will be much easier for us to do it.
Membre depuis Oct 20, 2018   posts 300
Jan 26, 2021 at 20:45
The 2 most common mistakes are the wrong vision about what Forex is and risking what you can`t afford to lose.
Membre depuis Nov 10, 2020   posts 24
Jan 28, 2021 at 09:35
I think one should first focus more on making strategies in the starting rather than investing vigorously in the market. Also, this can also be a reason that they are not aware about the market.
Membre depuis Nov 16, 2020   posts 55
Jan 29, 2021 at 06:30
First you need to study and understand the essence of how everything works and how to apply it in practice.
Membre depuis Nov 10, 2020   posts 24
Jan 29, 2021 at 11:00
Mikehamilton posted:
@Georgegiffen43 No knowledge of strategies can be a genuine reason for all the beginners out there. Or, maybe their strategies are not working. One should be careful about getting a transparent broker so that they can keep up with the market with real time data and fair prices. Like, I analyze all the trading market fluctuations and price movements through etoro and fxview. That’s why I don’t end up making wrong decisions and end up investing where I can get profits. I think beginners should research before entering the trading market.
No doubt that research is needed: be it for finding a broker, strategy to use, technical analysis, etc.
Membre depuis Jul 19, 2020   posts 298
Jan 31, 2021 at 13:18
Without enough skills and experience, it's normal to lose money and get scared. Whether new or old, we are bound to lose money if we don't understand the market and follow discipline.
Membre depuis Dec 02, 2020   posts 21
Feb 08, 2021 at 10:37
You are right. These are some very common mistakes traders tend to make while trading.
Membre depuis Apr 18, 2017   posts 718
Feb 08, 2021 at 11:26
you have done lot of information on this post,  got some fine lines. thanks again for nice post. 
Membre depuis Feb 04, 2021   posts 35
Feb 08, 2021 at 12:25
According to me, the biggest mistake a trader makes is not using stop loss.
Membre depuis Dec 16, 2020   posts 13
Mar 09, 2021 at 11:25
Yes, these are the most common mistakes that new and some advanced traders tend to make.
Membre depuis Jul 19, 2020   posts 298
Mar 13, 2021 at 13:04
Most people believe that the more complicated a strategy the better it is. They get impressed by colorful charts and think wow this must be something awesome.
Membre depuis Feb 23, 2021   posts 330
Mar 13, 2021 at 18:24
It is very interesting but we need to maintain the risk and avoid the volatile market.
Membre depuis Aug 09, 2017   posts 785
Mar 14, 2021 at 07:57
It can be . it is great difficult to make profit by pin bar strategy for the beginners . as a newcomer that’s why now I am comfortable with scalping that brings profit in a short time than others trading techniques.
Karlos Fandango (Smith2525)
Membre depuis Mar 15, 2019   posts 82
Mar 14, 2021 at 10:57
UweMoench posted:
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.
Oh yes, been there and done all of those more than once.
All or nothing
Membre depuis Feb 04, 2021   posts 31
Mar 15, 2021 at 12:16
I believe the biggest mistake is trading without any proper plan, trading without any strategy means getting more risks and losses.
Membre depuis Mar 13, 2018   posts 13
Mar 15, 2021 at 13:22
I think risk management is the main problem people have. Most people do not understand Lot size and just use a random number that they think is suitabl
Membre depuis Nov 06, 2018   posts 83
Mar 16, 2021 at 15:32
UweMoench posted:
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.
Yep, all common mistakes unfortunately!
Membre depuis Oct 25, 2018   posts 9
Mar 23, 2021 at 11:20
One big mistake is to assume that anyone can make money from Forex trading. It just isn't true. Almost everyone loses money. Only the dedicated will prevale
Membre depuis Jul 19, 2020   posts 751
Mar 23, 2021 at 13:04
We should try to control our emotions and avoid our emotions from influencing our decisions. This is not easy and may take long time and experience to make our trading emotion free. Emotional control is more essential when one loses money in Forex trading because this is the time when many people behave irrationally and take hasty decisions with a view to recover their losses.
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