Nov 08 2021 at 05:31
Beginners as well as experienced traders must keep in mind that money is secondary. One must focus on executing trades smartly and becoming a good trader. When we trade with the mindset of chasing money only, we often end up committing the worst possible mistakes like using high leverage and over-trading.
Nov 08 2021 at 11:08
The most basic mistake which traders make according to me is trading without sufficient knowledge and skills.
Nov 08 2021 at 14:26
In general, of course, traders usually make various mistakes, but very often the reason for mistakes is a lack of experience.
Nov 08 2021 at 21:53
Fear of missing out is the most mistake committed among traders, the most trader that lack or weak psychology trading will often make such mistake when see the strong movement then chasing price due scaring if missing the chances, but then faced loss dragged because high volatile market will make up and down at short time,
Nov 09 2021 at 02:27
Probably the biggest mistake is when they keep trading with real money and end up losing since they don't know how to trade. The advice I give newbies is to always trade in a demo account before moving on to a real account, but it might be a waste of your time giving advice since chances are they'll ignore it. Because I spent time in the demo account first, I am earning a lot of money in the real account right now.
Nov 09 2021 at 04:10
I believe the biggest mistake we, as traders, make is that we rely too much on our strategies and forget to modify them when they're going against the market.
Nov 09 2021 at 04:49
One of the biggest mistakes according to me is that sometimes we believe too much in news and don't follow our own strategy.
Nov 09 2021 at 05:10
Im seeking advise on holding positions overnight atm.A broker that aint going hurt me.And an understanding of widening of spreads at this time?If anyone can chime in.
Nov 09 2021 at 14:22
the very first mistakes begin with choosing a broker, even at this moment many fall into the wrong hands
Nov 10 2021 at 06:05
Not taking forex trading seriously! Like any other profession, forex trading requires time and practise. You can’t expect the market to make you a millionaire in 2-3 months. Study it first, and then expect something in return.
Nov 10 2021 at 08:07
Michihito posted:The main objective of forex trading is earning money. However, trading is the toughest way to make easy money. A trader must work hard to learn trading and make money consistently out of it. If trading is not dealt accordingly, a trader is bound to make mistakes. These mistakes lead him towards having serious loss at the end.
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.
Nov 11 2021 at 05:47
Learning will give new traders a great advantage. Even veteran traders continue to learn new things and advance their strategies.
Nov 11 2021 at 08:15
There is no only one mistake in trading, there is a vast majority of mistakes which every trader once made in his trading career. The first one is rushing and fake hopes. All of the traders once had a situation when they wanted to rush the position in order to earn lots of money right away. It's prohibited in case you want to build a successful trading career, only wise approach is acceptible. The second mistake relates to usage of leverages. Some traders in the very beginning of their trading path decided to start off from leverage trading and they picked the highest leverage which is provided by the broker. It's a direct way to blowing of your account.
Nov 11 2021 at 09:12
Adokelv posted:Strongly agree on the leverage part. Leverage is a double edged sword and if not handled wisely, it can lead you to big losses.
There is no only one mistake in trading, there is a vast majority of mistakes which every trader once made in his trading career. The first one is rushing and fake hopes. All of the traders once had a situation when they wanted to rush the position in order to earn lots of money right away. It's prohibited in case you want to build a successful trading career, only wise approach is acceptible. The second mistake relates to usage of leverages. Some traders in the very beginning of their trading path decided to start off from leverage trading and they picked the highest leverage which is provided by the broker. It's a direct way to blowing of your account.
Nov 11 2021 at 11:56
Trading with presence of mind will never put you into the big losses.
Nov 12 2021 at 05:01
blackChelsea posted:Yes. Most traders lose thier money because of low knowledge and skills.
Trading with presence of mind will never put you into the big losses.
Nov 12 2021 at 05:55
A beginner can make many mistakes when trading the market for the first time. Many of them lose money because they lack the necessary knowledge, experience and discipline.
Nov 15 2021 at 07:23
While there are numerous trading opportunities every day, but then taking too many positions in one day may also be detrimental to your trading.
Nov 16 2021 at 15:09
Best thing to do is focus on self-improvement and the money will follow.
Nov 17 2021 at 15:35
each person has his own mistakes, but the biggest mistake of beginners is too much expectation from forex, even hopes for quick and easy money
