I believe the biggest mistake is trading without any proper plan, trading without any strategy means getting more risks and losses.
Mar 15 2021 at 13:22
I think risk management is the main problem people have. Most people do not understand Lot size and just use a random number that they think is suitabl
Mar 16 2021 at 15:32
UweMoench posted:Yep, all common mistakes unfortunately!
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.
Mar 23 2021 at 11:20
One big mistake is to assume that anyone can make money from Forex trading. It just isn't true. Almost everyone loses money. Only the dedicated will prevale
We should try to control our emotions and avoid our emotions from influencing our decisions. This is not easy and may take long time and experience to make our trading emotion free. Emotional control is more essential when one loses money in Forex trading because this is the time when many people behave irrationally and take hasty decisions with a view to recover their losses.
Jul 06 2021 at 12:17
TradeHut posted:Yes. Most traders lose their money because of their low knowledge.
I believe the biggest mistake is trading without any proper plan, trading without any strategy means getting more risks and losses.
@TraderHut I agree with your point that unplanned trading is one of the most common as well as the biggest mistakes made in trading. With unplanned trading, the chances of losses are high and hence very risky.
SteveHanks posted:I completely agree with you.TradeHut posted:Yes. Most traders lose their money because of their low knowledge.
I believe the biggest mistake is trading without any proper plan, trading without any strategy means getting more risks and losses.
the most common mistake is revenge trading i mean over trading , generally the traders we have beginners always do that when making a losses.
Imamul posted:Yes. Over-trading can put you in great danger.
the most common mistake is revenge trading i mean over trading , generally the traders we have beginners always do that when making a losses.
Jul 28 2021 at 06:52
Revenge trading or over trading is undoubtedly one of the biggest trading mistakes. I have done it once and faced a huge loss. I learnt from my mistake and never ever repeated the same. Revenge trading is always to be avoided otherwise it can result in unbearable loss at times.
Common mistakes are those that we do again and again. Over trading, revenge trading, no money and risk management all are common mistakes.
Jul 31 2021 at 17:34
One more is not making proper use of stop loss.
@Alexthetrader Placing stop loss in the right place is not an easy task. One needs proper knowledge and experience of reading a chart to place stop loss.
ShamrockEire posted:Yes, only the dedicated persons are able to make profit from forex, It’s not everyone's cup of tea.
One big mistake is to assume that anyone can make money from Forex trading. It just isn't true. Almost everyone loses money. Only the dedicated will prevale
Aug 04 2021 at 07:07
risk is everywhere , there is no way to avoid , but in spite of having much risk you can bring good amount of profit from this trading place if you can make sure best risk and money management.
Aug 04 2021 at 11:14
all investment is about risk management from a trade decision perspective to a Lot size decision
One of the few common mistake is not having a proper trading strategy which can result in bigger issue, if not taken care of.
As far as I concerned common mistakes in trading activity are usually made not only by novices but by professional traders too. Such mistakes include rushing decisions. Often traders make decisions whether open a position or not, according to their emotions, after a string of losses they've decided to win back what they had lost. It's so unprofessional to make such deisions however as far as I can tell it happens rather often. Never let emotions control you. It's like a postulate of trading activity, you know. You have to control them, not in reverse.
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.
