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Basic mistake we make

Telenergy
Jan 18 at 07:41
16帖子
The basic mistake that new traders make is that they are not prepared with the research and knowledge needed to make an informed decision. Inexperienced traders are often not ready for the emotional roller coaster associated with trading. This leads them to make rash decisions that end up costing them a lot of money.
Protodonk
Jan 22 at 14:19
10帖子
It is true, however, it is very difficult to keep on learning without having any results for a long time. This thing should be dealt on your own and there are some moments when you have just learn and get new knowledge whatever happens and after it you will be able to trade safely and efficiently.
skihav
Jan 22 at 18:27
801帖子
In order to avoid banal mistakes, I took the time to work on the demo account of the Amarkets broker. This allowed me to gain enough experience for the job.
LeoGM
Feb 25 at 15:48
52帖子
Michihito posted:
I find that one of the basic mistakes of new traders is their focus only on earning money. It is better in the beginning that your focus is on learning and gaining necessary experience in order to make one profitable strategy, then on simply chasing profits.
I see, most of the new traders use SL & TP in their initial trading stage; it’s a big mistake! If you are trading without any SL position, that means you are taking near about 100% risk ratio! Which is illogical!
Brick_56
Feb 26 at 10:19
41帖子
According to me, the basic mistake traders make is not understanding the market properly and letting the emotions in while trading.
skihav
Feb 26 at 12:56
801帖子
In fact, the list of errors is almost endless. Guessing exactly what a trader wants to do is quite difficult.
Marcolis
Feb 28 at 08:18
87帖子
Michihito posted:
I find that one of the basic mistakes of new traders is their focus only on earning money. It is better in the beginning that your focus is on learning and gaining necessary experience in order to make one profitable strategy, then on simply chasing profits.
You are absolutely right, even I see a number of traders try make money by using others signal or trading system! It’s not a proper way to make money in this volatile arena! New traders need to focus on only learning, instead of earning!
Williamfreed
Mar 02 at 03:43
176帖子
Greed and impatience are always recurrent issues in Forex trading, and all traders should learn how to control their feelings. In the past, I have made many mistakes, but now I am trying to get better by always learning from them to become a better trader.
Diptote
Mar 08 at 07:07
15帖子
New traders are eager to make money, but they don’t understand the efforts required to become a profitable trader. Thus, many fail to focus on developing skills and take uncalculated market risks which makes them lose money.


maria_no
Mar 08 at 12:27
15帖子
Not setting the right strategy or not placing a stop losses can be a biggest challenges that anyone can make.
JoanneCesser
Mar 09 at 05:46
2帖子
The basic mistakes traders make are that they keep trading when they lose their investment instead of waiting and don't use Stop Loss order.
winning_trades
Mar 09 at 06:21
48帖子
JoanneCesser posted:
The basic mistakes traders make are that they keep trading when they lose their investment instead of waiting and don't use Stop Loss order.
Yeah, trading without using stop loss is the biggest mistake traders do and they end up blowing their accounts.
croisssan
Mar 09 at 11:34
939帖子
Beginners tend to make mistakes. But the wisdom is that you need to be able to analyze them in order to prevent them from happening in the future.
Williamfreed
Mar 10 at 14:58
176帖子
Both beginners and experienced traders can make mistakes. The key is to be able to work on them and react to them in a timely manner.
Jamesmaculm
Mar 17 at 08:19
16帖子
I agree with your point! When traders start trading, they are so focused on making money rather than developing their skill. In the early days of their trading, all traders should give time to understanding forex concepts — trading psychology, risk management, and how to make better trading strategies.
croisssan
Mar 17 at 11:16
939帖子
Mistakes can be made by all traders, the question is rather in the ability of traders to solve these problems in order to avoid mistakes in the future.
LabuyaChicay
Mar 19 at 06:27
63帖子
A forex traders is infected with several basic mistakes that he or she needs to get rid of. Using absurd leverage and news trading without proper market analysis are two of those, which are frequently seen among traders committing. A trader cannot do well in trading until he comes out of such mistakes.
croisssan
Mar 19 at 11:48
939帖子
In order to avoid basic mistakes, you need to use a demo account. When I started working with a broker from Amarkets, I did it this way.
skihav
Mar 20 at 12:03
801帖子
Alas, many traders make basic mistakes, despite the fact that the ways to solve them are described more than once.
jambeau
Mar 22 at 05:16
23帖子
I consider lack of proper trading knowledge to be the basic mistake committed by traders. Traders also lack seriousness towards trading. Despite understanding the market’s volatility, many traders take it lightly. It is paramount to build forex foundations to become a successful trader.
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