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There are lot of common mistakes
Anggota Sejak Apr 28, 2021
9 pos
Jun 18, 2021 at 10:47
Anggota Sejak Jun 15, 2021
15 pos
highjumping posted:
New traders think that it is easy and they can make money by looking at candle sticks. That is not the case and all those new trades with live accounts just lose all their money. Sad
Newbies are always in hurry of getting big profits, I don't know what excite them so much but they should know that the riches outside are doing so hard on forex trading.
Jun 18, 2021 at 11:39
Anggota Sejak Jun 15, 2021
9 pos
gradking posted:I agree most of the newbies lack patience and this is what leads them to losses.highjumping posted:
New traders think that it is easy and they can make money by looking at candle sticks. That is not the case and all those new trades with live accounts just lose all their money. Sad
Newbies are always in hurry of getting big profits, I don't know what excite them so much but they should know that the riches outside are doing so hard on forex trading.
Jun 20, 2021 at 12:23
Anggota Sejak Jul 19, 2020
751 pos
One important difference between trading and going to the casino is that when you go out to gamble, you have a negative expected return. In other words, the house is always expected to win over the long run, on average. Trading , however, if done skillfully and artfully, can put you in the position of the house.
Jun 20, 2021 at 23:20
Anggota Sejak Apr 03, 2021
470 pos
gradking posted:This is not a good habit actually, making a huge profit will leading them to take a high risk with greediness, what happens later usually not a profit that obtained but regrets already trading high-risk taker because the account does not last long will get margin call account.highjumping posted:
New traders think that it is easy and they can make money by looking at candle sticks. That is not the case and all those new trades with live accounts just lose all their money. Sad
Newbies are always in hurry of getting big profits, I don't know what excite them so much but they should know that the riches outside are doing so hard on forex trading.
Anggota Sejak Jun 16, 2021
9 pos
Anggota Sejak May 19, 2020
401 pos
Jun 22, 2021 at 11:37
Anggota Sejak May 19, 2020
401 pos
Why endlessly list all possible and all personal reasons, if this does not help to solve them in any way. More than 90% of traders do them anyway.
And this is the biggest mistake, the parent of all mistakes. Nobody wants to look for and solve their own mistakes, everyone wants to talk about strangers and common in the forums.
And this is the biggest mistake, the parent of all mistakes. Nobody wants to look for and solve their own mistakes, everyone wants to talk about strangers and common in the forums.
@Marcellus8610
Anggota Sejak Jun 03, 2021
6 pos
Jun 22, 2021 at 14:22
Anggota Sejak Jun 03, 2021
6 pos
I think the biggest mistake most traders make is having a herd mentality. I seriously don't understand why people follow the majority? It's already proven that majority of traders fail, so why rely on education that the majority are learning? Why rely on techniques that the majority are using? It's seriously mind-baffling. Be unique and have your own trading strategy! Back-testing is your friend.
“All our dreams can come true, if we have the courage to pursue them.” – Walt Disney
Anggota Sejak Feb 20, 2021
13 pos
Anggota Sejak Sep 12, 2017
238 pos
Anggota Sejak Jul 01, 2021
8 pos
Anggota Sejak Mar 17, 2021
536 pos
Anggota Sejak Mar 16, 2021
477 pos
Jul 02, 2021 at 12:47
Anggota Sejak Mar 28, 2021
617 pos
@LukeRachel Technical analysis is needed but along with analysis we need a good mindset. A mind that can control emotions and stay away from unnecessary trades.
Anggota Sejak Mar 16, 2021
477 pos
Jul 02, 2021 at 16:59
Anggota Sejak Mar 16, 2021
477 pos
Akasuki posted:Yes, you are right. Trading is extremely risky if I can’t control the mindset.
@LukeRachel Technical analysis is needed but along with analysis we need a good mindset. A mind that can control emotions and stay away from unnecessary trades.
Aug 05, 2021 at 13:16
Anggota Sejak Jul 19, 2020
751 pos
@LukeRachel Yes mindset is the key in forex trading. There are people who can do good analysis but can not make consistent profit due to poor trading mindset.
Anggota Sejak Mar 16, 2021
477 pos
Aug 11, 2021 at 01:42
Anggota Sejak Mar 16, 2021
477 pos
UweMoench posted:Yes, trading is risky but it must be controlled. It is possible to manage risk by maintaining a risk ratio.
@LukeRachel Yes mindset is the key in forex trading. There are people who can do good analysis but can not make consistent profit due to poor trading mindset.
Aug 14, 2021 at 20:27
Anggota Sejak Oct 17, 2018
103 pos
UweMoench posted:100% have come to learn this, when i started out i did not understand what i was doing or how it all worked. after blowing accounts and making mistakes i learnt to get some education and learning, starting out with a basic strategy but the biggest thig was risk management only ever risking 1% and managing my losses and learning that over time will it take for my account to increase the goal now is all % based rather then $ as this makes your gains a lot clearer
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.
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