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Basic mistake we make

UweMoench
Mar 23 at 13:17
593 príspevkov
One of the mistakes a trader would make in Forex is trying too hard to recover losses. While everyone would want to minimize the effect of losses on their trade, sometimes, it pays more to always overcome that early emotional anxiety to recover whatever losses we may have incurred. This helps us think well, re analyze the market before entering.

georgequayle
Mar 26 at 11:45
29 príspevkov
Michihito posted:
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.

yes being emotional about it

LyudmilLukanov
Mar 27 at 13:01
588 príspevkov
UweMoench posted:
One of the mistakes a trader would make in Forex is trying too hard to recover losses. While everyone would want to minimize the effect of losses on their trade, sometimes, it pays more to always overcome that early emotional anxiety to recover whatever losses we may have incurred. This helps us think well, re analyze the market before entering.

It is completely true. If you want to recover your loss, try with the trading plan not just with emotion.

CraigMcG2020
Mar 27 at 14:30
135 príspevkov
Yes for sure. Losses are a part of the process so they should not effect you. Thats the skill and it will come with experience.

Tradelist45
Mar 28 at 07:28
144 príspevkov
generally we the traders do same common mistake and it occurs at all times , i always fall a great trouble when using high leverage , it my common mistake from a new Forex trader.

Tremblay
Mar 28 at 09:56
330 príspevkov
Consistency is the brick of success. It helps gradually to build your account. To be successful for long term we need to be consistent in profit making. Random trading can't help us to be successful.

santosbridges
Apr 09 at 05:10
15 príspevkov
Not everyone is focused on just earning money and I know we all are here to earn profits, but keeping that in mind isn’t that great for a trader.

WaltonCharles
Sep 19 at 21:31
128 príspevkov
UweMoench posted:
One of the mistakes a trader would make in Forex is trying too hard to recover losses. While everyone would want to minimize the effect of losses on their trade, sometimes, it pays more to always overcome that early emotional anxiety to recover whatever losses we may have incurred. This helps us think well, re analyze the market before entering.

Another is to enter into the market without having proper knowledge and skills.

Unellene
Sep 21 at 12:33
283 príspevkov
the biggest mistake is too much expectation from trading through naive advertising from fraudulent brokers

Flong
Sep 25 at 15:20
14 príspevkov
I do agree with you that in first stages it is more important to acquire the necessary skills and knowledge. However, it is hard to understand when you get sufficient amount of experience and knowledge, so that you start concentrating on earning the money. I believe that the first thing that a trader should achieve is not losing the money after his deals. WHen this objective is accomplished, he can take more risks in order to earn the money.

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