Jump to content

common Mistake in Trading


Recommended Posts

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.   

Link to comment
Share on other sites

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.

Link to comment
Share on other sites

  • 6 months later...

For me there are many common mistakes which traders make everyday in this trading business. One of them is over trading. Another mistake is not using proper risk management. New traders common mistake is they always pick wrong broker for their trading as they don’t about the broker situation of this market. For new trader I can suggest my broker AAFX. I am trading with them for last 3 years. They gave 30% deposit bonus when I joined them.

Link to comment
Share on other sites

  • 2 weeks later...
On 7/26/2017 at 10:19 AM, Mr. Peppermint said:

The main mistake for any trader to lose in Forex is the lack of knowledge and experience and skills, which is mainly seen in many newbies. They barge into real trading, without proper knowledge and experience and skills and face huge loss later on.

Education is always an important factor of our life. Without knowledge and skills, you can not survive any business or work in this world. Same is true for Forex.

Link to comment
Share on other sites

  • 2 weeks later...

Face it, you’re not always right. And that’s perfectly normal. You’ll need stop loss points, even just mental ones, to make sure that you are able to survive and fight another day when you do lose a trade. Instead of account-wiping forex trades, all you have are these small, manageable, and recoverable losses. While it may be difficult, it’s always best to accept the loss outright and not let your judgment be clouded by your ego.

Link to comment
Share on other sites

Another common mistake that newbie traders make is allowing their losing trades to simply run all the way to their stops instead of cutting losses early. The problem with this mentality is that, even though you’ve already determined at which level your trade will get invalidated, you might be missing out on signals that tell you to exit your trade early. This could come in the form of a freshly released economic report that can cause price to move against you or maybe a candlestick pattern that suggests the price could reverse.

Link to comment
Share on other sites

  • 1 month later...

Archived

This topic is now archived and is closed to further replies.

  • 👍 Join TopGold.Forum Now

    We Connect  Money Makers With TOP Earning Opportunities!

    Join over 25,000 members and 700 businesses on their journey to strike GOLD. 💰🍾👍

    👩 Want to make money online? 
    💼 Represent a company? 

⤴️-Paid Ad- TGF approve this banner. Add your banner here.🔥

×
×
  • Create New...