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Unnecessary trade
Jan 12, 2021 at 13:43
Przeglądane 1,154
17 Replies
Uczestnik z Jul 19, 2020
749 postów
Jan 12, 2021 at 13:43
Unnecessary trade is a very common problem for newbies. Actually you do it out of confusion. You don't have trust on your strategy and yourself. You should have clear idea about your risk reward ratio and winning ratio. You lack confidence. It comes from not knowing what you are doing. Practice on demo find out your winning trade ratio. The main point is you have to increase your skills.
Uczestnik z Nov 29, 2020
5 postów
Jan 12, 2021 at 19:53
I think you are right
Uczestnik z Nov 24, 2020
14 postów
Jan 25, 2021 at 07:57
A lot of newbies think that overtrading would help them recover their losses. They must understand that nothing like that would ever happen. That’s what you learn with experience. The more experience you make, the better the trader you become.
Uczestnik z Nov 26, 2020
14 postów
Feb 04, 2021 at 03:44
Yeah, they should be aware of when to enter and exit but then it also comes with some experience, so there is that.
Uczestnik z Aug 11, 2017
870 postów
Feb 08, 2021 at 04:17
no way to avoid the importance of demo trading , bu the main problem is , the experience we took from demo practically not works when trading in a live account. so, traders don't believe the importance of this trading place.
Uczestnik z Jul 19, 2020
742 postów
Feb 14, 2021 at 13:01
It is never possible to gain trading profit without a trading plan and discipline. As a trader, you should always trade with discipline.
Uczestnik z Jul 23, 2020
816 postów
Feb 14, 2021 at 16:56
To avoid unnecessary trades, traders have to follow proper trading plan. Otherwise you may end up in losing side.
Uczestnik z Jul 19, 2020
310 postów
Feb 15, 2021 at 12:18
Loss is inevitable in forex trading but you shouldn't feel dejected like you have said,if you get dejected every time you loose,then it would come to a certain time that you would not want to invest in forex again but if you carry on and you don't let your loss to weigh you down,I am sure you will be able to trade many more.
Uczestnik z Jul 20, 2020
286 postów
Feb 15, 2021 at 17:35
If you trade by force where there is no trade. But it will go beyond discipline and plan. So you have to survive by trading positively.
Feb 16, 2021 at 05:35
LeviSievwright5 posted:
If you trade by force where there is no trade. But it will go beyond discipline and plan. So you have to survive by trading positively.
I make it a point to never go against my plan, as much as possible. I guess that's too important to stay in the game.
Uczestnik z Oct 16, 2020
125 postów
Feb 16, 2021 at 10:38
Overtrading is dangerous. Sometimes people overtrade because they are getting profits back to back and sometimes its revenge trading, that is when you trade to overcome your losses. Please don’t let these two situations fool you as the market is very volatile and you cannot predict the market’s direction a 100%.
Uczestnik z Nov 17, 2020
17 postów
Feb 17, 2021 at 07:53
jasonmark409 posted:MichaelEX posted:
Unnecessary trades is a problem for those who are still struggling with self confidence. This can be solved only with knowledge, practice and experience.
Absolutely and I’ve seen that often traders make the mistake of opening lots of positions in greed or hope to hit the jackpot on some or all of their trades.
Lemme ask you something. Say hypothetically, you’re watching 20 currency pairs and that means just 20 candles to look at each day, how on earth could one expect to be in profit?
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