Mistakes traders do

[FXOpen Trader]

Mistakes are your companion if you truly want to be a good Forex trader. And there is no effective way to avoid mistakes in any case. But, you can lower it with taking some measures like by maintaining proper money management policy. Don’t look at higher return rather look for small return that will indeed satisfy you.

It is a known fact that the traders are making mistakes in their trading and we have to control that.

 

[Bandwagon]

The biggest mistake traders commit while trading to generate quick profits is to over trade. This leads to vast losses. In order to avoid this situation, it is very important to have a risk reward ratio and practise stop loss while trading.

 

[heispark]

I agree! The first mistake any new trader can do is think that forex is “easy.” It is not easy. There are high levels of risks associated with trading. It is in your best interest to stay away from the market if that is the case.

Due to this mis-conception that trading is easy, many traders neglect the importance of learning and conducting technical analysis.

 

[Fx Master]

Common mistakes are those that we make very often. Over trading, revenge trade, fear of missing opportunity and not following any money management policy are the most common mistakes.

 

[Fx Master]

Understand your emotions and how the brain works. You will realize what your lizard brain is reacting to, and can adjust accordingly.

 

[Davidfx89]

mistake is common thing no way to deny , so we the traders should take this easily

 

[Svetlana Loboda]

trading style can be useless if there is no money management , we have to make sure good money management first of all.

 

[Nezami]

Newcomers should focus on others inevitable part of trading besides acquiring good trading knowledge. Controlling emotions , avoid revenge trading , over trading , money management ,RR and much more things they have to observe for avoiding unfortunate loss.

 

[The trader]

thanks for your nice reply.

 

[Brew200]

The first mistake most traders do is - they take the trading very lightly. Actually they have been introduced forex in a wrong way. They are told that it's very easy. You just have to deposit money and when price will go up you have to go for short and vice versa. A ready-made strategy will all the trick. The root cause of everything is a lack of knowledge.

I also think one major mistake newbies make is getting into the market with partial knowledge. This can be detrimental to their result.

 

[Nezami]

Please without using practically don’t recommend at any broker , because lots of trading brokers are available in this retail market place and most of them are found to be scams. We the traders can choose a broker which is more appropriate to the concept of trading that will be used.

 

[Andrew McCalam]

mistake is okay but honestly speaking same mistake not a mistake its a own choice.

 

[Brew200]

You know most people come into the market with overrated expectations because of success stories they have heard, in fact most times they only hear about these stories and expect to win all the time. And when their expectations are not met on time they give.

 

[Eduardo Lucchese]

Mistakes are a common affair among traders but this common affair either push a trader’s life to hell or make him richer. A trader who always tries to recover from his mistakes can shine in life by discovering new strategies. But things are different for those who stick to their mistakes and never try to get out of it.

 

[FXOpen Trader]

Mistakes are a common affair among traders but this common affair either push a trader’s life to hell or make him richer. A trader who always tries to recover from his mistakes can shine in life by discovering new strategies. But things are different for those who stick to their mistakes and never try to get out of it.

We will need to learn from our own mistakes so that we do not repeat them again.

 

[traderface]

Overtrading and revenge trading are probably the biggest mistakes that traders often make that are a result of the emotions like greed and anger. That’s also because they don’t have deep knowledge of the concept and still take chances.

 

[keyline]

I have often seen new traders misuse trading instruments like leverage, indicators, chart patterns, stop-loss orders, etc. They don’t give much importance to understanding how they can be used to get a better edge in the market.

 

[Flabbergast]

Everything looks easy until you try it yourself. And with trading, it is the same. To avoid risk, it is better to study the market first and then take a risk.

 

[beanpole]

New traders act very hastily when they begin trading. They are eager to make money. That’s so because they have many misconceptions about trading, such as “trading is easy.” However, the reality is opposite. To avoid losses or blowing up their account, before opening a trading account, traders should study about the market first.

 

[FXOpen Trader]

New traders act very hastily when they begin trading. They are eager to make money. That’s so because they have many misconceptions about trading, such as “trading is easy.” However, the reality is opposite. To avoid losses or blowing up their account, before opening a trading account, traders should study about the market first.

It is a known fact that traders tend to make some or the other mistakes while doing their trades into the markets.