Mar 14 2021 at 10:57
UweMoench posted:
Common mistakes are those that we make very often. Over trading, revenge trade, fear of missing opportunity and not following any money management policy are the most common mistakes.
Oh yes, been there and done all of those more than once.
All or nothing
Mar 15 2021 at 12:16
I believe the biggest mistake is trading without any proper plan, trading without any strategy means getting more risks and losses.
Mar 15 2021 at 13:22
I think risk management is the main problem people have. Most people do not understand Lot size and just use a random number that they think is suitabl
Mar 16 2021 at 15:32
UweMoench posted:
Common mistakes are those that we make very often. Over trading, revenge trade, fear of missing opportunity and not following any money management policy are the most common mistakes.
Yep, all common mistakes unfortunately!
Mar 23 2021 at 10:28
Yeah we all make some mistakes in the beginning. They can be avoided with time.
Mar 23 2021 at 11:20
One big mistake is to assume that anyone can make money from Forex trading. It just isn't true. Almost everyone loses money. Only the dedicated will prevale
Mar 23 2021 at 13:04
We should try to control our emotions and avoid our emotions from influencing our decisions. This is not easy and may take long time and experience to make our trading emotion free. Emotional control is more essential when one loses money in Forex trading because this is the time when many people behave irrationally and take hasty decisions with a view to recover their losses.
Jul 06 2021 at 12:17
TradeHut posted:
I believe the biggest mistake is trading without any proper plan, trading without any strategy means getting more risks and losses.
Yes. Most traders lose their money because of their low knowledge.
Jul 19 2021 at 11:02
@TraderHut I agree with your point that unplanned trading is one of the most common as well as the biggest mistakes made in trading. With unplanned trading, the chances of losses are high and hence very risky.
Jul 24 2021 at 08:01
SteveHanks posted:TradeHut posted:
I believe the biggest mistake is trading without any proper plan, trading without any strategy means getting more risks and losses.
Yes. Most traders lose their money because of their low knowledge.
I completely agree with you.
Jul 25 2021 at 08:11
the most common mistake is revenge trading i mean over trading , generally the traders we have beginners always do that when making a losses.
Jul 25 2021 at 11:47
Imamul posted:
the most common mistake is revenge trading i mean over trading , generally the traders we have beginners always do that when making a losses.
I agree with you.
Jul 26 2021 at 16:36
Imamul posted:
the most common mistake is revenge trading i mean over trading , generally the traders we have beginners always do that when making a losses.
Yes. Over-trading can put you in great danger.
Jul 28 2021 at 06:52
Revenge trading or over trading is undoubtedly one of the biggest trading mistakes. I have done it once and faced a huge loss. I learnt from my mistake and never ever repeated the same. Revenge trading is always to be avoided otherwise it can result in unbearable loss at times.
Jul 31 2021 at 10:51
Common mistakes are those that we do again and again. Over trading, revenge trading, no money and risk management all are common mistakes.
Jul 31 2021 at 17:34
One more is not making proper use of stop loss.
Aug 01 2021 at 11:31
@Alexthetrader Placing stop loss in the right place is not an easy task. One needs proper knowledge and experience of reading a chart to place stop loss.
Aug 02 2021 at 06:36
ShamrockEire posted:
One big mistake is to assume that anyone can make money from Forex trading. It just isn't true. Almost everyone loses money. Only the dedicated will prevale
Yes, only the dedicated persons are able to make profit from forex, It’s not everyone's cup of tea.
Aug 04 2021 at 07:07
risk is everywhere , there is no way to avoid , but in spite of having much risk you can bring good amount of profit from this trading place if you can make sure best risk and money management.
Aug 04 2021 at 11:14
all investment is about risk management from a trade decision perspective to a Lot size decision
