Number one biggest mistake
Jul 19, 2020 zamanından beri üye
298 iletiler
Nov 29, 2020 at 14:42
Number one biggest mistake new trade do is they treat forex trading as a money machine. Open trade and make profit. They think it is the easiest job in the world. But in reality you need profound understanding of the market. My advice to new trader is gain necessary knowledge and skills.
Dec 28, 2020 zamanından beri üye
187 iletiler
Jan 06, 2021 at 07:57
Yes totally agreed.. The biggest mistake for a new trader is to be over confidence and greed for more and more money. Newbies without having proper knowledge trade high risk product and ends up with making losses.
Oct 12, 2020 zamanından beri üye
38 iletiler
Jan 25, 2021 at 10:17
Sarjohn posted:More than greed I think the problem is that the new traders don’t learn and get huge expectations underway, they think trading is a golden goose with golden eggs.
Yes totally agreed.. The biggest mistake for a new trader is to be over confidence and greed for more and more money. Newbies without having proper knowledge trade high risk product and ends up with making losses.
Nov 19, 2017 zamanından beri üye
39 iletiler
Jan 25, 2021 at 14:01
Biggest mistake in my opinion. Over leveraged, Not cutting losses quickly enough -poor risk management and risking to much per trade.
"Formal education will make you a living, self education will make you a fortune"
Feb 22, 2011 zamanından beri üye
4862 iletiler
Jan 25, 2021 at 15:27
The biggest mistake is to start trading without trading plan.
As result you face loss as you basically dont know what are you doing.
As result you face loss as you basically dont know what are you doing.
Jul 20, 2020 zamanından beri üye
298 iletiler
Jan 25, 2021 at 16:41
Yes, when a trader joins a new trading, Forex seems like a money making machine to him. That idea is completely wrong. If you maintain a plan and discipline, you can make some profit at the end of the month.
Jul 19, 2020 zamanından beri üye
788 iletiler
Jan 25, 2021 at 17:03
If you don't know about trading analysis, if you don't know about brokers, it will become the biggest mistake in your trading.
Jul 23, 2020 zamanından beri üye
869 iletiler
Jan 25, 2021 at 18:25
kc8yty posted:True. Trading with high leverage without proper risk management is like suicide.
Biggest mistake in my opinion. Over leveraged, Not cutting losses quickly enough -poor risk management and risking to much per trade.
Oct 20, 2018 zamanından beri üye
300 iletiler
Jan 26, 2021 at 20:38
True. The second biggest mistake is to risk what you can`t afford to lose.
momchil_slavov@
Jun 06, 2019 zamanından beri üye
11 iletiler
Jan 27, 2021 at 11:22
Biggest mistake for me was to start trading on a live account first. I wish I had used a demo
Jan 21, 2021 zamanından beri üye
48 iletiler
Jan 28, 2021 at 09:48
In my opinion, one of the biggest mistake is trading without stop loss. This helps you to get out of trade if price moves against you and prevents you from losing more than you can handle.
Dec 28, 2020 zamanından beri üye
25 iletiler
Feb 02, 2021 at 15:12
As for me, the biggest mistake is making a large deposit with no experience?
Dec 28, 2020 zamanından beri üye
187 iletiler
Mar 06, 2021 at 08:26
Martingupttil posted:yes exactly. do remember trading without knowledge is always dangerous.Sarjohn posted:More than greed I think the problem is that the new traders don’t learn and get huge expectations underway, they think trading is a golden goose with golden eggs.
Yes totally agreed.. The biggest mistake for a new trader is to be over confidence and greed for more and more money. Newbies without having proper knowledge trade high risk product and ends up with making losses.
Sep 10, 2021 zamanından beri üye
20 iletiler
Sep 28, 2021 at 06:15
Quange posted:Yes, risking more than capital than one can afford to lose is one of the biggest blunders.
As for me, the biggest mistake is making a large deposit with no experience?
May 27, 2021 zamanından beri üye
57 iletiler
Sep 28, 2021 at 10:40
For me, the biggest mistake is trading without any knowledge and sufficient practice.
May 19, 2020 zamanından beri üye
401 iletiler
Sep 28, 2021 at 12:33
There are no largest and no smallest mistakes. They cannot be compared, because anyway, it will lead you to unsuccessful trading. Everything is important here. Every detail of a trading strategy must be part of a large and complex mechanism, doing its own little job, without which the whole machine will stop.
And there is nothing wrong with considering forex as an easy way to make money if you are a professional.
And there is nothing wrong with considering forex as an easy way to make money if you are a professional.
@Marcellus8610
May 04, 2019 zamanından beri üye
23 iletiler
Sep 28, 2021 at 19:59
The first thing a newbie should do before trading seriously is to learn the fundamentals of not only trading but also of economics. It is necessary to have at least wide knowledge about all the economic stuff like demand and supply, price, interest rates, etc. This will help you a lot.
Jun 16, 2020 zamanından beri üye
57 iletiler
Oct 13, 2021 at 06:28
Nuadahuginn posted:This makes so much sense. Knowing economics is very necessary especially in forex, because the entire market is dependent upon how one country’s economy works. Many people tend to ignore it but in reality the knowledge of economics differs an excellent trader from an average trader.
The first thing a newbie should do before trading seriously is to learn the fundamentals of not only trading but also of economics. It is necessary to have at least wide knowledge about all the economic stuff like demand and supply, price, interest rates, etc. This will help you a lot.
Oct 06, 2021 zamanından beri üye
15 iletiler
Oct 13, 2021 at 07:08
Absolutely!
Feb 08, 2019 zamanından beri üye
213 iletiler
Oct 13, 2021 at 20:27
Greed will be the undoing of most newbies
