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There are lot of common mistakes
Členom od Apr 28, 2021
8 príspevkov
Apr 28, 2021 at 13:07
New traders think that it is easy and they can make money by looking at candle sticks. That is not the case and all those new trades with live accounts just lose all their money. Sad
Členom od Jun 15, 2021
15 príspevkov
Jun 18, 2021 at 10:47
highjumping posted:
New traders think that it is easy and they can make money by looking at candle sticks. That is not the case and all those new trades with live accounts just lose all their money. Sad
Newbies are always in hurry of getting big profits, I don't know what excite them so much but they should know that the riches outside are doing so hard on forex trading.
Členom od Jun 15, 2021
9 príspevkov
Jun 18, 2021 at 11:39
gradking posted:highjumping posted:
New traders think that it is easy and they can make money by looking at candle sticks. That is not the case and all those new trades with live accounts just lose all their money. Sad
Newbies are always in hurry of getting big profits, I don't know what excite them so much but they should know that the riches outside are doing so hard on forex trading.
I agree most of the newbies lack patience and this is what leads them to losses.
Členom od Jun 15, 2021
20 príspevkov
Jun 19, 2021 at 07:54
The biggest common mistake, in my opinion, is not maintaining trade journal. If you'll not review your trades, then how can you learn from your losses?
Členom od Jul 19, 2020
749 príspevkov
Jun 20, 2021 at 12:23
One important difference between trading and going to the casino is that when you go out to gamble, you have a negative expected return. In other words, the house is always expected to win over the long run, on average. Trading , however, if done skillfully and artfully, can put you in the position of the house.
Členom od Apr 03, 2021
437 príspevkov
Jun 20, 2021 at 23:20
gradking posted:highjumping posted:
New traders think that it is easy and they can make money by looking at candle sticks. That is not the case and all those new trades with live accounts just lose all their money. Sad
Newbies are always in hurry of getting big profits, I don't know what excite them so much but they should know that the riches outside are doing so hard on forex trading.
This is not a good habit actually, making a huge profit will leading them to take a high risk with greediness, what happens later usually not a profit that obtained but regrets already trading high-risk taker because the account does not last long will get margin call account.
Členom od Jun 15, 2021
10 príspevkov
Jun 21, 2021 at 08:57
(upravené Jun 21, 2021 at 08:58)
I think the lavish life styles that most of the forex traders flaunt on socials leads to over trading on forex by beginners.
Členom od Jun 16, 2021
9 príspevkov
Jun 21, 2021 at 09:22
One of the most common mistakes in trading that gives loss is over-trading, this occurs when greed overpower the trader's knowledge and skills.
Členom od May 19, 2020
321 príspevkov
Jun 22, 2021 at 11:37
Why endlessly list all possible and all personal reasons, if this does not help to solve them in any way. More than 90% of traders do them anyway.
And this is the biggest mistake, the parent of all mistakes. Nobody wants to look for and solve their own mistakes, everyone wants to talk about strangers and common in the forums.
And this is the biggest mistake, the parent of all mistakes. Nobody wants to look for and solve their own mistakes, everyone wants to talk about strangers and common in the forums.
@Marcellus8610
Členom od Jun 03, 2021
6 príspevkov
Jun 22, 2021 at 14:22
I think the biggest mistake most traders make is having a herd mentality. I seriously don't understand why people follow the majority? It's already proven that majority of traders fail, so why rely on education that the majority are learning? Why rely on techniques that the majority are using? It's seriously mind-baffling. Be unique and have your own trading strategy! Back-testing is your friend.
“All our dreams can come true, if we have the courage to pursue them.” – Walt Disney
Členom od Feb 20, 2021
13 príspevkov
Jun 28, 2021 at 10:44
I have seen a lot of traders entering the forex market without proper learning. They are often the ones who end up blaming the market for the losses they make.
Členom od Sep 12, 2017
232 príspevkov
Jun 28, 2021 at 12:00
the most common mistake is to trade on bigger lots without enough knowledge about the instrument.
Členom od Jul 01, 2021
7 príspevkov
Jul 01, 2021 at 12:10
Biggest mistake is thinking that making money from Forex is easy. It is hard
Členom od Mar 17, 2021
494 príspevkov
Jul 01, 2021 at 12:21
sopranoberidze posted:
Biggest mistake is thinking that making money from Forex is easy. It is hard
Yes. If you don't have enough knowledge this is very tough to make money from this market.
Členom od Mar 16, 2021
447 príspevkov
Jul 01, 2021 at 15:26
I need to do technical analysis when I buy a currency. And if you do this analysis, sometimes there may be a loss. You have to gain knowledge from that mistake.
Členom od Mar 28, 2021
586 príspevkov
Jul 02, 2021 at 12:47
@LukeRachel Technical analysis is needed but along with analysis we need a good mindset. A mind that can control emotions and stay away from unnecessary trades.
Členom od Mar 16, 2021
447 príspevkov
Jul 02, 2021 at 16:59
Akasuki posted:
@LukeRachel Technical analysis is needed but along with analysis we need a good mindset. A mind that can control emotions and stay away from unnecessary trades.
Yes, you are right. Trading is extremely risky if I can’t control the mindset.
Členom od Jul 19, 2020
749 príspevkov
Aug 05, 2021 at 13:16
@LukeRachel Yes mindset is the key in forex trading. There are people who can do good analysis but can not make consistent profit due to poor trading mindset.
Členom od Mar 16, 2021
447 príspevkov
Aug 11, 2021 at 01:42
UweMoench posted:
@LukeRachel Yes mindset is the key in forex trading. There are people who can do good analysis but can not make consistent profit due to poor trading mindset.
Yes, trading is risky but it must be controlled. It is possible to manage risk by maintaining a risk ratio.
Členom od Oct 17, 2018
99 príspevkov
Aug 14, 2021 at 20:27
UweMoench posted:
The biggest mistake people make is they think trading doesn't require skills. It happens when we treat trading just like gambling. But the truth is to make consistent profit you need knowledge and skills.
100% have come to learn this, when i started out i did not understand what i was doing or how it all worked. after blowing accounts and making mistakes i learnt to get some education and learning, starting out with a basic strategy but the biggest thig was risk management only ever risking 1% and managing my losses and learning that over time will it take for my account to increase the goal now is all % based rather then $ as this makes your gains a lot clearer
