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CraigMcG2020
Jan 14 2021 at 12:38
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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

jasperrobert
Jan 20 2021 at 04:30
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Yes these are some very common mistakes made by new traders and they should definitely stay away from overtrading.

forextrader777
Jan 20 2021 at 04:40
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The biggest common mistake is going for live trading without experiencing a demo account.

KnowFinance
Jan 25 2021 at 05:23
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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.

Malajind
Jan 25 2021 at 10:10
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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.

momo3HC
Jan 26 2021 at 20:45
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The 2 most common mistakes are the wrong vision about what Forex is and risking what you can`t afford to lose.

Mikehamilton
Jan 28 2021 at 04:56
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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.

Georgegiffen43
Jan 28 2021 at 09:35
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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.

Mikehamilton
Jan 29 2021 at 04:47
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@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.

Starcliff
Jan 29 2021 at 06:30
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First you need to study and understand the essence of how everything works and how to apply it in practice.

Georgegiffen43
Jan 29 2021 at 11:00
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Mikehamilton posted:
@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.

No doubt that research is needed: be it for finding a broker, strategy to use, technical analysis, etc.

Michihito
Jan 31 2021 at 13:18
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Without enough skills and experience, it's normal to lose money and get scared. Whether new or old, we are bound to lose money if we don't understand the market and follow discipline.

debramaldonado
Feb 08 2021 at 10:37
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You are right. These are some very common mistakes traders tend to make while trading.

AmDiab
Feb 08 2021 at 11:26
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you have done lot of information on this post,  got some fine lines. thanks again for nice post. 

forexminded
Feb 08 2021 at 12:25
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According to me, the biggest mistake a trader makes is not using stop loss.

hitterbull
Mar 09 2021 at 10:29
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Overtrading and trading with lots of emotions are among the common mistakes that traders make. You are right to point that out.

riaparrish
Mar 09 2021 at 11:25
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Yes, these are the most common mistakes that new and some advanced traders tend to make.

Michihito
Mar 13 2021 at 13:04
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Most people believe that the more complicated a strategy the better it is. They get impressed by colorful charts and think wow this must be something awesome.

Tremblay
Mar 13 2021 at 18:24
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It is very interesting but we need to maintain the risk and avoid the volatile market.

Imamul
Mar 14 2021 at 07:57
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It can be . it is great difficult to make profit by pin bar strategy for the beginners . as a newcomer that’s why now I am comfortable with scalping that brings profit in a short time than others trading techniques.

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