Unnecessary trade
Jan 12, 2021 at 13:43
928 Zobrazení
17 Replies
Členom od Jul 19, 2020
751 príspevkov
Jan 12, 2021 at 13:43
Unnecessary trade is a very common problem for newbies. Actually you do it out of confusion. You don't have trust on your strategy and yourself. You should have clear idea about your risk reward ratio and winning ratio. You lack confidence. It comes from not knowing what you are doing. Practice on demo find out your winning trade ratio. The main point is you have to increase your skills.
Členom od Nov 29, 2020
7 príspevkov
Jan 12, 2021 at 19:53
I think you are right
Členom od Nov 24, 2020
28 príspevkov
Jan 25, 2021 at 07:57
A lot of newbies think that overtrading would help them recover their losses. They must understand that nothing like that would ever happen. That’s what you learn with experience. The more experience you make, the better the trader you become.
Členom od Nov 19, 2020
104 príspevkov
Jan 25, 2021 at 08:11
Over trading is in now way helpful. I remember how many losses I have incurred because of not closing my positions on time.
Členom od Aug 07, 2020
75 príspevkov
Jan 25, 2021 at 10:03
Sometimes we release something important and suffer losses, but the most important thing is to draw the right conclusions from mistakes and correct them.
Členom od Jan 02, 2020
14 príspevkov
Jan 25, 2021 at 18:33
People are just interested in getting everything at once, and this sometimes leads to severe consequences.
Členom od Sep 27, 2020
11 príspevkov
Jan 25, 2021 at 19:03
Even the most improper trade is an experience.
And experience is the basis for productive work.
And experience is the basis for productive work.
Členom od Nov 26, 2020
18 príspevkov
Feb 04, 2021 at 03:44
Yeah, they should be aware of when to enter and exit but then it also comes with some experience, so there is that.
Členom od Nov 19, 2020
104 príspevkov
Feb 04, 2021 at 07:18
dennisstanley posted:Agreed, practice teaches a lot while we trade. It takes time and patience to become better here.
Yeah, they should be aware of when to enter and exit but then it also comes with some experience, so there is that.
Členom od Jan 21, 2021
48 príspevkov
Feb 05, 2021 at 03:48
Unnecessary trades is a problem for those who are still struggling with self confidence. This can be solved only with knowledge, practice and experience.
Členom od Aug 11, 2017
886 príspevkov
Feb 08, 2021 at 04:17
no way to avoid the importance of demo trading , bu the main problem is , the experience we took from demo practically not works when trading in a live account. so, traders don't believe the importance of this trading place.
Členom od Jul 19, 2020
788 príspevkov
Feb 14, 2021 at 13:01
It is never possible to gain trading profit without a trading plan and discipline. As a trader, you should always trade with discipline.
Členom od Jul 23, 2020
869 príspevkov
Feb 14, 2021 at 16:56
To avoid unnecessary trades, traders have to follow proper trading plan. Otherwise you may end up in losing side.
Členom od Jul 19, 2020
298 príspevkov
Feb 15, 2021 at 12:18
Loss is inevitable in forex trading but you shouldn't feel dejected like you have said,if you get dejected every time you loose,then it would come to a certain time that you would not want to invest in forex again but if you carry on and you don't let your loss to weigh you down,I am sure you will be able to trade many more.
Členom od Jul 20, 2020
298 príspevkov
Feb 15, 2021 at 17:35
If you trade by force where there is no trade. But it will go beyond discipline and plan. So you have to survive by trading positively.
Členom od Nov 19, 2020
104 príspevkov
Feb 16, 2021 at 05:35
LeviSievwright5 posted:I make it a point to never go against my plan, as much as possible. I guess that's too important to stay in the game.
If you trade by force where there is no trade. But it will go beyond discipline and plan. So you have to survive by trading positively.
Členom od Oct 16, 2020
137 príspevkov
Feb 16, 2021 at 10:38
Overtrading is dangerous. Sometimes people overtrade because they are getting profits back to back and sometimes its revenge trading, that is when you trade to overcome your losses. Please don’t let these two situations fool you as the market is very volatile and you cannot predict the market’s direction a 100%.
Členom od Nov 17, 2020
19 príspevkov
Feb 17, 2021 at 07:53
jasonmark409 posted:Lemme ask you something. Say hypothetically, you’re watching 20 currency pairs and that means just 20 candles to look at each day, how on earth could one expect to be in profit?MichaelEX posted:Absolutely and I’ve seen that often traders make the mistake of opening lots of positions in greed or hope to hit the jackpot on some or all of their trades.
Unnecessary trades is a problem for those who are still struggling with self confidence. This can be solved only with knowledge, practice and experience.
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