Michihito
Členom od Jul 19, 2020
298 príspevkov
Feb 12 2021 at 11:29
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.
UweMoench
Členom od Jul 19, 2020
751 príspevkov
Feb 12 2021 at 12:03
Biggest mistake is not making anything good from that matter and how do you plan to go further in life with that matter out there. I am totally and completely disrespected will be by such decisions, that's why I am always looking for some improvement ways on that.
Quange
Členom od Dec 28, 2020
25 príspevkov
Feb 13 2021 at 20:07
In order not to make the mistakes of beginners, a trader must have a personal strategy and plan. You should always know what to do, even in unusual situations.
KnowFinance
Členom od Jan 16, 2021
85 príspevkov
Feb 17 2021 at 10:48
I believe that the biggest mistake traders make is getting impatient and developing a greed of making maximum profits. This greed eventually leads them to gain loss.
LeviSievwright5
Členom od Jul 20, 2020
298 príspevkov
Feb 24 2021 at 14:33
It is never possible to make a consistent profit without learning to trade. Trading education is needed to develop skills.
Sam
(Rasperr)
Členom od Feb 07, 2015
25 príspevkov
Feb 24 2021 at 15:49
Michihito posted:Great advice, I think a lot of people neglect using demo accounts - that's always a good place to keep practicing and honing your strategy.
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.
robindude
Členom od Dec 11, 2020
110 príspevkov
Feb 25 2021 at 07:20
Basic mistake that we can make is not understanding the concept of forex trading and simply trading without thinking of consequence of not using stop loss or limiting the order
Beagelv
Členom od Jul 27, 2020
81 príspevkov
Feb 25 2021 at 08:26
Trading at random will not bring any result, here you need to clearly calculate and prepare everything.
lovefortrading
(perryjohn765)
Členom od Sep 12, 2017
238 príspevkov
Feb 25 2021 at 08:28
The most generic mistake we do is greed..running after money and not thinking of the circumstances
SofieAndreasen
Členom od Jul 23, 2020
759 príspevkov
Feb 25 2021 at 17:36
Beagelv posted:True. Proper planning and strategy are needed for success.
Trading at random will not bring any result, here you need to clearly calculate and prepare everything.
AliaDare
Členom od Jul 19, 2020
788 príspevkov
Feb 26 2021 at 02:47
There are many complications to trading forex. Money management and a proper trading plan are needed to protect the investment from these complications.
triciawilsonn
Členom od Dec 16, 2020
25 príspevkov
Feb 26 2021 at 10:17
I agree that most of the new traders focus on making money instead of learning new skills. This makes them set high expectations, as a result of which, they overtrade and lose extra money.
Antonio_K
Členom od Nov 17, 2020
27 príspevkov
Feb 26 2021 at 12:09
Not using a stop loss is one of the major mistakes that i make.
Sar John
(Sarjohn)
Členom od Dec 28, 2020
187 príspevkov
Mar 02 2021 at 08:12
Biggest mistake that I have noticed is that new traders are focused on making money. They want to make money in a shortcut way, new traders don’t want to learn and don’t have any control on emotions.
Morgan Edwards
(morganedwards)
Členom od Jun 03, 2020
14 príspevkov
Mar 02 2021 at 10:45
LeviSievwright5 posted:It is very important to know everything about the place you are heading to or the platform you are trading in.
It is never possible to make a consistent profit without learning to trade. Trading education is needed to develop skills.
CanoeMussy
Členom od Jul 03, 2020
37 príspevkov
Mar 02 2021 at 12:52
It is fair for all the beginners to think of earning money because the majority of traders who enter the forex market want to earn instead of learning.
Chelsea Blacks
(blackChelsea)
Členom od Jan 22, 2021
125 príspevkov
Mar 02 2021 at 16:01
We think that each trade we are making will bring us more profit. This is the biggest mistake. Over optimistic outlook can ruin your trades sometime.
Morgan Edwards
(morganedwards)
Členom od Jun 03, 2020
14 príspevkov
Mar 03 2021 at 11:06
CanoeMussy posted:I can agree to that but this is also true that among the ones who have this thought, many just blow away their account. The reason is quite justified that they don’t take the load of learning and trade without having any knowledge which in turn brings them loss. A trader should at the least know the basics. Some broker platforms also have a good amount of educational stuff on them, such as etoro, turnkeyforex, pepperstone, etc.
It is fair for all the beginners to think of earning money because the majority of traders who enter the forex market want to earn instead of learning.
Daxton
Členom od Sep 23, 2020
42 príspevkov
Mar 03 2021 at 11:13
blackChelsea posted:Yeah expectations mate! Most of us expect too much from forex. Gotta be realistic.
We think that each trade we are making will bring us more profit. This is the biggest mistake. Over optimistic outlook can ruin your trades sometime.