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Common mistakes

Dec 30, 2020 at 12:45
2,828浏览
78 Replies
会员从Mar 17, 2021开始   536帖子
Aug 30, 2021 at 08:40
croisssan posted:
In general, it is worth understanding that each trader has his own number of mistakes, and it will be quite difficult to combine them.
Making mistakes is a common thing in this market. you just have to be careful.
会员从Mar 28, 2021开始   617帖子
Aug 30, 2021 at 14:17
Mistakes will be there in trading. But we have to learn from our mistakes. If we can't learn from our mistakes, we will never be able to learn.
会员从Dec 20, 2019开始   20帖子
Aug 31, 2021 at 19:03
I believe that the vast majority of common mistakes have direct or indirect connection to psychology. Trading is quite an emotional activity where your money are always at stake, so, in order to make your trading profitable, you've got to control your mind and mentality in order not to fall into greed and fear periods. Also, I'd like to mention the mistake concerning money and risk management. Most people don't really think thouroughly about the lot size and calculating the risks. So. these mistakes are pretty common, from my perspective.
会员从Aug 13, 2021开始   43帖子
Sep 03, 2021 at 03:25
I agree that, but I think most of the problems are problem that come from yourself and THESE are not easy to overcome... Some objective problems can be simply tackled by choosing a reliable broker.
会员从Dec 09, 2013开始   139帖子
Sep 03, 2021 at 06:35
Trading a big lot is a problem. If a trader knows money management and follows it, then he cannot use bigger trading lot than the is supposed to. A single trade should not be having a risk more than 2% of the trading capital. If we follow this, then we will be able to hold us back from using too big a trading lot.
会员从Mar 28, 2021开始   617帖子
Sep 03, 2021 at 14:17
@sharabela Trading big lot is one of the biggest problem among forex traders. They want to make quick money but they do not think they lose the money quickly as well.
会员从Jun 09, 2021开始   44帖子
Sep 13, 2021 at 06:20
@Unellene Finally someone said it and you are absolutely right . Many newbies step into forex thinking it's a money making machine and every trade is going to make them a millionaire which is a solid dream that never comes true. I know how tough it is to make even a dollar in forex. Forex isn't a one day job, it requires a lot of dedication and commitment, which many fail to understand.
会员从Aug 13, 2021开始   43帖子
Sep 13, 2021 at 10:32
marcusobrien posted:
@Unellene Finally someone said it and you are absolutely right . Many newbies step into forex thinking it's a money making machine and every trade is going to make them a millionaire which is a solid dream that never comes true. I know how tough it is to make even a dollar in forex. Forex isn't a one day job, it requires a lot of dedication and commitment, which many fail to understand.
Totally agree with you
会员从Sep 13, 2021开始   8帖子
Sep 13, 2021 at 11:22
marcusobrien posted:
@Unellene Finally someone said it and you are absolutely right . Many newbies step into forex thinking it's a money making machine and every trade is going to make them a millionaire which is a solid dream that never comes true. I know how tough it is to make even a dollar in forex. Forex isn't a one day job, it requires a lot of dedication and commitment, which many fail to understand.


Hit the nail on the head there. Forex is hard. FACT. New traders need to understand that before making their first deposit
会员从Dec 05, 2019开始   17帖子
Sep 15, 2021 at 19:32
The most dangerous mistake is to think that forex trading is all about making money right away. Such a misconception has led to the massive loss of budgets of such naive traders. So, in order to decrease the possibility of losing everything right away, you should forget the idea that you are able to make lots of money in a week.
会员从Aug 10, 2021开始   176帖子
Sep 16, 2021 at 05:39
Everyone wants to become a successful Forex trader, but few want to trade properly. Although Forex trading is challenging, making money in this market is possible since it is easy to invest money.
会员从May 31, 2021开始   35帖子
Sep 16, 2021 at 08:22
According to me, overtrading and letting the emotions overpower the skills are the common mistakes that traders make.
会员从Mar 17, 2021开始   536帖子
Sep 18, 2021 at 20:32
skihav posted:
To avoid mistakes in this industry, you need to trivially work on your level of knowledge. For example, a demo account of the Amarkets broker turned out to be an excellent option for me.
Make your mistakes as your learning things to become successful in this market.
会员从Aug 13, 2021开始   43帖子
Sep 20, 2021 at 03:47
I agree trying demo account is good. But I would say trying a demo account in a broker cannot prove how legit the broker is
会员从Feb 20, 2021开始   78帖子
Sep 20, 2021 at 07:01
It is important for a trader to analyze their strategies and learn from the mistakes they make. Forex is a wide market and there is always something to learn.
会员从Jun 09, 2021开始   44帖子
Sep 20, 2021 at 10:03
@BrokerChoice Thank you and i feel every trader should understand the complexity of the market, and not treat it as a childs play
会员从Jun 09, 2021开始   44帖子
Sep 20, 2021 at 10:08
@pathsofglory it's high time people should start taking forex trading as a serious business. Especially the new ones , they should follow the principles of trading and be very disciplined in every course of action.
会员从Apr 04, 2020开始   38帖子
Sep 20, 2021 at 19:52
The exchange market (forex) is fashionable traders for varied reasons. It’s highly liquid – with quite $US 5 trillion on the average traded a day – is open round the clock Monday to Friday and is stable enough for brokers to supply leverage (meaning traders can borrow more against their capital) on trades.

The drop off rate for forex traders is substantial. In fact, evidence suggests that as many as 95% of would-be traders last no quite a couple of years.

Here are some common mistakes, that Forex traders makes:

1. Overconfidence: Although in Forex it's necessary to act confidently , some traders tend to be overconfident and aren't aware of market signals. Although it seems a simple matter, education in these matters is significant before beginning to trade.

2. Not having a trading plan
If you’re getting to become a forex trader, you would like a trading plan. Acting without one will almost certainly cause losses, so before you start confirm you sit down and write up an inventory of rules to guide your trading and money management strategies.

3. No practical affinity with economic process
No one sets up as a forex trader without first undergoing training and research. However, having gained the crucial start-up skills, complacency can set in.

4. Be patient: Forex may be a business for patient people. Anxiety are often a nasty companion in currency trading. stick with your plan and be disciplined. Experienced traders wait quietly, for days or maybe weeks, for the proper opportunity to happen .

5. Risking quite you'll Afford
One common mistake new traders make is misunderstanding how leverage works. Familiarize yourself with margin and leverage to assist avoid accidentally putting more capital in danger than you had planned.

6. don't hold on to losses: Sometimes, due to a “hunch”, some traders hold on to losing positions. They believe that, at any moment, it's going to change. you would like to recollect that Forex can last an extended time and, seeing your profits fall, can even affect you psychologically.
会员从Apr 04, 2020开始   38帖子
Sep 22, 2021 at 18:23
These are the best forex trading tips and skills every forex trader needs to be aware of:
1. Be clear about your goals
2. Plan ahead
3. Leverage day trading
4. Select the appropriate trading platform
5. Study the market
6. Know about market correlations
7. Entry and exit
8. Rely on facts and not emotions.
9. Choose the right forex forum
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