May 09 2021 at 10:46
Overtrading is one reason people lose money in the foreign exchange market. It occurs because of lack of discipline and appropriate strategies. You have to have great plans and execution of those programs. Otherwise you will keep losing money.
May 10 2021 at 11:08
The most important attraction of currency market is it provides you the chance of making huge money. With a computer or Laptop and online connection you can access into the market. And with little money you are able to begin your trading.
Dec 01 2021 at 07:43
Akasuki posted:
The most important attraction of currency market is it provides you the chance of making huge money. With a computer or Laptop and online connection you can access into the market. And with little money you are able to begin your trading.
To make huge money you need proper planning.
Dec 01 2021 at 10:49
Trading mistakes are normal. It is more important to be able to eliminate the consequences of mistakes and be able to avoid them.
Dec 01 2021 at 19:27
A trading journal can help with this
Dec 02 2021 at 13:12
@HeavLeighGill26 Yes a trading journal can help to find out our mistakes we made in trading. A good trader always try to avoid same mistkes again and again. And a bad trader never learns.
Dec 06 2021 at 05:29
The reason behind failing is not having enough knowledge and skills. Trading is not any easy task. It's very difficult to make money in trading.
Dec 06 2021 at 14:27
It is quite normal for a trader to make mistakes. As for me, you just need to be ready for this and perceive it correctly.
Dec 06 2021 at 18:46
UweMoench posted:
Overtrading is one reason people lose money in the foreign exchange market. It occurs because of lack of discipline and appropriate strategies. You have to have great plans and execution of those programs. Otherwise you will keep losing money.
Yes. Over trading can put you in great danger in this market.
Dec 08 2021 at 07:20
The problem with many traders is that even after knowing their weak points, they fail to admit that they were wrong or they don’t know enough. ‘I am always right’ kind of mentality can be really detrimental for a trader. It is not possible even for experienced traders to always be right. Those who are willing to identify and correct their mistakes are the only ones who can become a better trader with time.
Dec 09 2021 at 05:36
Traders fail because they lack knowledge and skill. Some traders fail because they are too greedy. They simply cannot follow their trading plan.
@skihav yes I agree that traders make mistakes while trading and I find it completely ok, but not learning from the mistakes. The traders who fail generally do not learn from their mistakes.
Dec 10 2021 at 08:32
kroxobor posted:
@skihav yes I agree that traders make mistakes while trading and I find it completely ok, but not learning from the mistakes. The traders who fail generally do not learn from their mistakes.
Hit the nail on the head there. You must keep a journal and record your trades to see which mistakes are coming up repeatedly. Once you do you can iron them out. It is so easy to do similar mistakes without realising
Unrealistic expectation when it comes to trading is one of the reason, I must say
Dec 10 2021 at 16:48
All traders are mistaken, this is normal. It is more important that the trader does not allow them too often.
Dec 11 2021 at 05:22
reggae posted:
Unrealistic expectation when it comes to trading is one of the reason, I must say
Yes. You need to set a target that can achieve.
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