Jan 14 at 12:38
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.
Completely agree with this
Jan 20 at 04:30
Yes these are some very common mistakes made by new traders and they should definitely stay away from overtrading.
Jan 20 at 04:40
The biggest common mistake is going for live trading without experiencing a demo account.
Jan 25 at 05:23
Every trader should come prepared with enough knowledge and skills. Their key point of trading is to be patient, greediness will always leave you with loss.
Jan 25 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.
Jan 26 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.
momchil_slavov@
Jan 28 at 04:56
Dwane47 posted:
In my opinion, trading without a strategy and with a mindset only to earn a profit during the beginner stage is the most common mistake I have seen so far.
I very much agree with you. Some of the newbies enter the trading world and the moment they get profit, they start investing their everything in the trading market. I don’t know why they don’t use any method like backtesting, so that there are less losses.
Jan 28 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.
Jan 29 at 04:47
@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.
Jan 29 at 06:30
First you need to study and understand the essence of how everything works and how to apply it in practice.
