There are lot of common mistakes

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.

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.

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.

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.

Well, mistakes make us human right. There are definitely some mistakes every trader makes in their career.

mortanlais posted:
Well, mistakes make us human right. There are definitely some mistakes every trader makes in their career.

True. All of us make mistakes, better not everyone tries to learn lessons from their mistakes.

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.

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:
Choosing the right broker is very important. Never go for an unregulated broker. Your funds are not safe with them.

Yes, choosing a broker is very important, but traders face withdrawal issues with regulated brokers because of their regulations.

There are many mistakes in trading but I should learn from these mistakes. When I make a loss in one trade, I gain that loss and use it in another trade.

Mistake is common for all kind of traders. But always try to learn from your mistake.

Michihito posted:
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.

Sometimes from the mistake, we can learn something then, and after understanding the mistake than trying to make new rules how to avoid the same mistake not repeated again, but sometimes the hard part is how to control our decision, fear missing out, become a common problem during the trading time, choosing broker indeed very important for a trader.

LyudmilLukanov posted:
Mistake is common for all kind of traders. But always try to learn from your mistake.

This! When you learn your mistake, you will grow and learn not to repeat the same mistakes.