There are lot of common mistakes every trader do when they are new. I also did the same. Like opening trade position before big news events and after the news events. Opening too many lots is another mistakes. Risking more than 1% of the capital is also a mistake. Another big mistake is unrealistic expectation. We come here to make double, triple of our capital over night. But it's the biggest mistake one can have. We also make mistake in choosing broker.
The biggest mistake people make is they think trading doesn't require skills. It happens when we treat trading just like gambling. But the truth is to make consistent profit you need knowledge and skills.
Jan 31 2021 at 17:41
New traders often start with real account without demo practice which is a big mistake.
The mistakes we make when trading are common enough that everyone repeats the same thing.
Mistakes are the lesson to be learnt and improve for the future.
Feb 05 2021 at 12:18
There are so many people who think that forex trading doesn’t require skills and you can make money in the market whenever you can. But it’s not the truth. You have to do your learning and enhance your skills to make profits in the market.
Feb 05 2021 at 17:33
Thats so true ive made all of the same mistakes mentioned above lol
Sometimes it is better to study the mistakes that can occur during trading in order to be on the safe side than to experience them in your trading.
Feb 08 2021 at 11:54
The common mistake which I noticed among most of the traders is doing overtrading, in the urge of making maximum profits they open multiple positions without sufficient capital and end up gaining loss.
I guess starting live trading, without any good skills and knowledge is another huge mistake and some traders don't even plan their moves, which is again a big fault.
Mar 09 2021 at 10:27
Nearly every trader tends to make some mistakes in their trading career. We have to learn to live with them.
Mar 10 2021 at 06:18
Well, mistakes make us human right. There are definitely some mistakes every trader makes in their career.
Mar 10 2021 at 10:28
mortanlais posted:True. All of us make mistakes, better not everyone tries to learn lessons from their mistakes.
Well, mistakes make us human right. There are definitely some mistakes every trader makes in their career.
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.
radioactive posted:Yes. Every trader should make their mistakes as their learning options.mortanlais posted:True. All of us make mistakes, better not everyone tries to learn lessons from their mistakes.
Well, mistakes make us human right. There are definitely some mistakes every trader makes in their career.
Apr 14 2021 at 18:29
Tremblay posted:That is very nice advice. If every trader does this, they can make good trading careers in this platform.radioactive posted:Yes. Every trader should make their mistakes as their learning options.mortanlais posted:True. All of us make mistakes, better not everyone tries to learn lessons from their mistakes.
Well, mistakes make us human right. There are definitely some mistakes every trader makes in their career.
Apr 15 2021 at 11:05
Choosing the right broker is very important. Never go for an unregulated broker. Your funds are not safe with them.
First mistake most traders do that they think trading doesn't require much knowledge and skills. Second mistake they do - they completely ignore psychological aspect of trading.
It is not possible to make a profit without first gaining knowledge. Second, emotion control is essential. If it so happens that I am making these two things a mistake, I can't expect anything good from trading.
78678676 posted:Yes, choosing a broker is very important, but traders face withdrawal issues with regulated brokers because of their regulations.
Choosing the right broker is very important. Never go for an unregulated broker. Your funds are not safe with them.
