Basic mistake we make
Uczestnik z Feb 16, 2022
119 postów
Mar 19, 2022 at 06:27
A forex traders is infected with several basic mistakes that he or she needs to get rid of. Using absurd leverage and news trading without proper market analysis are two of those, which are frequently seen among traders committing. A trader cannot do well in trading until he comes out of such mistakes.
Mar 22, 2022 at 05:16
I consider lack of proper trading knowledge to be the basic mistake committed by traders. Traders also lack seriousness towards trading. Despite understanding the market’s volatility, many traders take it lightly. It is paramount to build forex foundations to become a successful trader.
Mar 22, 2022 at 09:39
jambeau posted:Absolutely, knowledge is very important if you are trying to make it in your trading experience, else you will be stuck the very same of going wrong all over your trading.
I consider lack of proper trading knowledge to be the basic mistake committed by traders. Traders also lack seriousness towards trading. Despite understanding the market’s volatility, many traders take it lightly. It is paramount to build forex foundations to become a successful trader.
Uczestnik z Apr 09, 2019
538 postów
Mar 22, 2022 at 10:53
Knowledge is vital for directed practice. But too few bother with either of these.
If you can't spot the liquidity then you are the liquidity.
Uczestnik z Jul 23, 2020
869 postów
Mar 23, 2022 at 06:52
Over trading, revenge trading, taking high leverage in trading are some common mistakes that a trader frequently make. Success remains untouchable as long as traders can’t come out of those mistakes. Strategy-based trading should be the first choice of a trader. A trader should avoid trading when the market condition is unstable.
Uczestnik z Nov 06, 2018
83 postów
Mar 23, 2022 at 09:29
Michihito posted:Exactly, most people do focus on the money aspect. But unfortunately as people focus on this, this is why most people fail.
I find that one of the basic mistakes of new traders is their focus only on earning money. It is better in the beginning that your focus is on learning and gaining necessary experience in order to make one profitable strategy, then on simply chasing profits.
Mar 28, 2022 at 04:57
RobertFerrari posted:I agree with you, spending time on learning is very important before making live trades.
Making mistake is a very common practice in Forex space but traders should not stick to this. Traders should spend time for learning about money management, risk management and other issues. Traders hardly face of success because traders are out of this practice. They like to daydream about making money.
Uczestnik z Sep 03, 2021
9 postów
Mar 28, 2022 at 11:25
The most common mistake is to not use any risk management plan. Newbies often use too large Lot size, no stop loss and generally over trade
Uczestnik z Mar 27, 2022
2 postów
Apr 02, 2022 at 22:13
Psychological mistakes are a rather difficult group of mistakes to correct, but mastering your own emotions is an obligatory step that any trader must go through. Why are there a lot of people losing money there?
And often, the answer lies precisely in psychological aspects: trading is largely contra-psychological, so one's psychological attitudes, developed over centuries of evolution, have to be changed somewhat.
It is necessary to be able to count the benefits, search for free crypto instantly and not pay attention to failures. The main thing is to go forward methodically, constantly gaining positive or negative experiences.
And often, the answer lies precisely in psychological aspects: trading is largely contra-psychological, so one's psychological attitudes, developed over centuries of evolution, have to be changed somewhat.
It is necessary to be able to count the benefits, search for free crypto instantly and not pay attention to failures. The main thing is to go forward methodically, constantly gaining positive or negative experiences.
Uczestnik z May 19, 2020
350 postów
Apr 06, 2022 at 13:10
The mistakes that have already been discussed a million times and that are written in every book are not mistakes, these are neglect.
@Marcellus8610
Uczestnik z Apr 03, 2021
470 postów
Apr 06, 2022 at 22:45
Sometimes traders although they know and understand if they do it will become a mistake, but still like to repeat the same mistake over and over again, fear of missing out included the common mistake because tempted by the price movement that seems very confident to take profit
Uczestnik z Aug 10, 2021
176 postów
Apr 07, 2022 at 01:48
Traders fail in more trades than they can ever count. These trades tend to occur at the beginning of their careers. They have no idea why they are losing money, and they don't know much about it. Their losses are only seen as monetary losses, but no lessons are learned. We cannot expect it to happen in a month, but we can hope for the best. You will fail most of the time, but don't give up. This is a way beginners and the professionals in Forex market have learned their trading.
Uczestnik z Jul 23, 2020
869 postów
Apr 07, 2022 at 06:08
The cardinal step a trader should follow is to get rid of all the basic mistakes. Over and over mistakes work as an impediment to trading. But traders are less willing to solve this issue rather they prefer trading with high leverage in the expectation to gaining more and more.
Uczestnik z Jun 12, 2021
132 postów
Apr 07, 2022 at 09:30
the basic mistake is very common , traders think there is a chance to bring profit very rapidly from there with no learning.
Uczestnik z Jul 23, 2020
869 postów
Apr 08, 2022 at 05:16
Traders are accustomed to some basic mistakes and traders can’t see their success as long as they can’t get out of those mistakes. Traders should try hard and soul to get themselves out of those mistakes. These basic mistakes work as a barrier to their profit-making. So, to become consistent in profit making, a trader should focus on recovering their mistakes.
Apr 12, 2022 at 10:00
Basic mistakes made by traders is that they focus more on earning early profits rather than gathering in-depth knowledge first. Also, traders keep unrealistic expectations thinking they’ll earn profit in every trade that eventually does not match with the ground reality and they lose all of their money. Also, not using stop loss and proper risk management are the common mistakes traders make.
Uczestnik z Jul 23, 2020
869 postów
Apr 13, 2022 at 05:08
The first mistake that traders frequently do is they enhance their lot size without any reason just to gain much profit. Secondly, they don’t give time to identify the right trend as a result they make wrong entry most of the times. Thirdly they love to trade again and again which is not fair indeed.
Uczestnik z Feb 15, 2022
183 postów
Apr 14, 2022 at 03:59
Basic development is high necessary for traders. For developing basic, most of the traders rely on pais courses but I don’t appreciate it. Because online resources for learning us available now. Don’t indulge with emotion while trading because it breaks a trader down mentally. You have to conquer your fear to push your trading ahead.
