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Forhad Reza

common Mistake in Trading

10 posts in this topic

There is nobody who can predict the real faction of this market with certainly.  So, we the traders consider this place as a volatile trading place. For leading a comfortable trading life with certainly besides good trading knowledge we have to acquire proper risk management policy.  Because no one becomes successful from this trading place at all, if he does not know how to manage risk.   

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There are lots of mistakes, you need to understand that the common mistakes would be the mistakes which we repeat in hope that the results would be different.

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In my opinion predicting the market requires analysis that only comes through experience so traders should also take patience while learning forex trading.

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See, every trader does trading mistakes in his trading life. So there are many common mistakes of trading, like over trading is one of the big issue with traders. Then, not controlling emotions and doing wrong trades without any analysis.

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Yeah, but we don't have to regret about the mistakes, we need to embrace it and learn from it, as that is the only way to become a successful trader.

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I dont think that any trader has ever regret about his mistake. He might get disappoint with his work but he cant leave it without any solution. But there may be, most of the trader after loss, they leave this work.

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On 13/01/2017 at 1:53 PM, Mr. Peppermint said:

Yeah, but we don't have to regret about the mistakes, we need to embrace it and learn from it, as that is the only way to become a successful trader.

It is better to avoid mistakes as the forex trading market is very professional market which does not spare mistakes. SO it is good to keep a trading journal and review it properly to evaluate our mistakes.

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Yeah, but for avoiding certain mistakes, we need to identify those first, as without identifying a mistake, it wouldn't be possible to avoid it.

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