Over-trading is a very harmful

UweMoench posted:
Over-trading is a very harmful element. I have lost the investment of many of my accounts by overtaking. So I understand that overtrading can cause a lot of problems in psychology. Overtrading can ruin a trading career. The market is open 24 hours but not always traded in the market. Now if you are trading in this situation, you are not eligible to trade. If you do not give up overtrading, you will never see success in trading.

hard to fix as a habit tho

Yes, of course. I have lost so much of my investment in over-trading. So I never support over-trading.

@ArneilPacula Emotions will be there. But there is difference between reacting to the emotions and responding to emotions. Our decision should be influenced our emotions i.e fear, greed and anger.

Yes, it is best to set a limit and try not to trade more than what’s required for the day.

ArneilPacula posted:
Hi,

Thanks for the reply but I certainly don't agree that someone can control an emotion. Emotion is not something that a human can control. Emotions is what makes us human and you cannot control it. Instead, you need to be aware that you have such emotion during the trading but never allow it to affect your trading decision.

Yes, trading can lead to overtrading if I cannot control emotions.

Try to always determine the time frame for trading from and will save you energy and your time.

Andronn posted:
Try to always determine the time frame for trading from and will save you energy and your time.

Agreed! Keep balance between forex trading and other recreational activities that gives you a sense of happiness.

blackChelsea posted:

Andronn posted:
Try to always determine the time frame for trading from and will save you energy and your time.

Agreed! Keep balance between forex trading and other recreational activities that gives you a sense of happiness.

Yes. By doing this, you can not feel bored to trade.

Taeusz1342354 posted:
I believe that everything should have its own measure. Excessive trading in most cases leads to negative consequences. It is necessary to develop a trading strategy and monitor compliance with the rules of this strategy.

yeah so true i used to think i needed 10 / 15 trades a day and was always looking to jump in now its more about 3 or 4 clean great risk to reward trades a week sometimes less

Overtrading is one of the reasons people lose money in the forex market. It happens due to lack of discipline and proper plans. You need to have good plans and execution of those plans. Otherwise you will keep losing money.

Overtrading can damage your account and lead you towards losses.

This is very important and is becoming a common habit among new traders. I think overtrading happens when a trader’s trade fails at some point and in order to recover that money they go ahead with other trades without proper strategy or research work. This is majorly due to letting your emotions take the front seat.

Overtrading can be very problematic. It’s mostly because as you overtrade, you would stress more and this would only lead to wrong trading decisions.

@marcusobrien Over trading is a serious problem in forex trading. People becomes habitual to it. As a result, they can not get rig of this habit.

marcusobrien posted:
Overtrading can be very problematic. It’s mostly because as you overtrade, you would stress more and this would only lead to wrong trading decisions.

Overtrading is the most dangerous thing in this market. You should be very careful.

@Akasuki What i think is that overtrading is caused when the traders have no control over their emotions . Especially when their trade goes wrong and they suffer a loss . A trader should know how to control their emotions in such situations and not let it take control over their decisions

Overtrading happens when the greed to make quick profits increases but a trader should realize that everything takes time to yield results, more greed can only give loss instead of profits.

Overtrading is getting us nowhere. You can easily lose lots of money if you do trading not for the profits but for trading itself. Every deal should be a result of thorough analysis.

Overtrading without knowledge is like a disaster, maybe will quickly face margin call account, except traders understand what they do, like as correlation trading pair in any pair that has a positive correlation, called basket trading, they open 28 trading pairs for correlation, but this is also not good trading setup for a trader that only use small funds.