What Are Your Bad Habits While Trading Forex?

[ali555]

Many of the people trading forex makes minor to major mistakes while they trades. By starting this thread we should be able to know various types of bad habits which we have to avoid during forex trading.

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[Guest gaban]

My bad habits when trading with my broker is sometimes I can not wait to do the open position, and sometimes it makes me suffer losses.

[uncle gober]

My bad habits is less emotional control , I've sure picked the right broker with the lowest spreads, but with a lack of control in emotion, to provide daily profit as the result that I want from my trading to be quite difficult.

[Guest gaban]

My bad habits is less emotional control , I've sure picked the right broker with the lowest spreads, but with a lack of control in emotion, to provide daily profit as the result that I want from my trading to be quite difficult.

I think many traders also have same habit, can't control emotion when trading then it make our account get loss even get margin call.

[Brendan Hill]

A forex demo account permits the trader to test their trading plan for productivity, drawdowns, and other execution measures. It additionally permits a trader to assess the brokerage firm contribution the account without the responsibility of genuine funds. Most online brokerages will let you open a demo account with no commitment by giving an insignificant measure of individual data. These training accounts frequently have a limit in terms of how much virtual funding is given, just as a period limit after which the demo account will expire and require the trader to create another one or change to a live account.

[Mrsooduraske]

My bad habits is sometime I feel I can be rich quickly and easy in this business.. that actually making me greedy and over confidence which make me less concentrate on Analyzing the Market..

[pradegxs]

My worst habit is attempt to fight back the market when I start to lose. Obviously, the trades made under influence of emotions are not based on a signal from my system hence I leave the room open for unexpected big loss which can deteriorate situation further. 

[Jo Eshuijs]

Every trader has some bad habits while trading in the forex market. I also have some. I always make my decisions quickly. I think this is one of my bad habit. Because, I think I can ensure my profit consistently if I can make my decisions more carefully. For that habit I have to face loses sometimes. Though my broker Forex4you helps me a lot to make my decisions, I need to be more careful. 

[David Meyers]

Emotion is one of the worst human qualities that drive a person towards failure. Traders take any adverse decision anytime being grabbed by emotion. Successful traders never serve their emotion. FXOpulence offers free educational e-books and video tutorials for the sake of traders. Their other facilities are helpful for earning increasing profit.

[uncle gober]

That's absolutely right, I completely agree with that. Emotions should be kept under control as much as possible, as this allows traders to trade forex more effectively and, of course, smoothly. This is also something I often apply at Tickmill.