Top 10 Biggest Mistakes Forex Traders Make

[pepy]

A trader who doesn't want to improve their own skills shouldn't exist in foreign exchange they should going out to the other business which doesn't need much change. Forex need people to adapt faster because of its true nature and we should keep learning always in most of our own time.

[gaban]

trading with emotion are common mistakes made by traders, therefore, we need to have a good trading psychology so that we can control the emotions well. emotions can affect our trading. for that, we should be able to control emotions well

[myregister]

Too much believe into someone and doesn't want to spend much time in demo account first. Demo account is useful for them as the place to see if that people who share their strategy with you is right or wrong.

 

That is also a good place to train your analytical skill so in the end you may able to make an accurate prediction and of course know how to manage your risk/money, the only thing you may not learn from demo account is emotion. Well, you learn some but not everything since the psychology of real and demo account is different to certain extent.

[pepy]

Gaban it seems we are on the same side now. Trading with emotions is bad that is why we are trying as the best as we can to exclude that to our trading, i saw a poster if i don't make any mistake who can trade with emotions by controlling it but it is nearly impossible to do since that is so dangerous thing to do. Another big mistake is actually we are too easily to be sway by opinion and market change.

[Thorgagar]

It seems to me that these errors are absolutely true, every trader.

[Cairdarsy]

and this is true, while not only beginners make these mistakes, unfortunately

[gds221]

I think that each trader makes any mistakes in the trading process, but it will not be so easy to summarize them. It is just worth realizing that most mistakes due to lack of experience

[Juleenelya]

the biggest mistake, as for me, is too much expectation, because many start doing this hoping for a big and easy profit, but this is not at all true

[gds221]

In general, mistakes in the trading process are quite common. I myself have been working in this industry for a long time with the broker Amarkets, and I myself made a number of mistakes in the beginning. in my opinion, the main thing for a trader is to be able to analyze them correctly.

[Hanettak]

The caste must go through the mistakes, but only the one who will be able to achieve the result who will correctly draw conclusions from them.

[Cairdarsy]

there are a lot of such errors, not only 10, because everyone has their own options

[Pyridge]

well, here really everything was sorted out point by point, in principle, these are the most basic mistakes that traders can make

[gds221]

As for me, traders already make a fairly large number of mistakes. It is rather pointless to single them out in the top, because this will help few.

[Monaya]

Even in spite of the fact that all mistakes are very carefully spoken out and are known about, we still make them.

[Juleenelya]

such errors can be counted even more, because everyone has their own

[gds221]

One of the common errors is choosing the wrong broker to work with. I chose a high-quality broker for a long time, and stopped the search for Amarkets. As for me, now this is the most reliable option.

[Latham Lapard]

Biggest mistake in my view is about not learning properly followed by wrong broker. So all these things is what makes working easier and comfortable, if we want to be successful then it is must that we work with a trustworthy broker.

[Gidencenti]

such mistakes are quite standard for both experienced and novice traders, it is just that someone commits them earlier, someone later, one cannot be prepared for everything

[gds221]

Training is a very important stage for a trader. It should be understood that the results of a trader's work in the future depend very much on the quality of training.

[e_abrams]

True. One needs to take it seriously if they wish to be successful at all.

[Upoctin]

Stress is not just for forex trading, it is a very harmful thing for any job. Because you can't do any job well under stress. If you want to do something well, you need to get out of stress first and then slowly. So if you want to do well in Forex trading, you have to get out of stress first. One of the ways to get out of stress in the forex market is to trade with money management.

[Rettan]

Emotion and absence, discipline really affects the trade so much that we do not even realize it.

[e_abrams]

I agree. Those two things can absolutely ruin a trader and yet they are not at all easy to master.

[gds221]

Traders can have a huge number of mistakes, and this should be treated quite normally. It is more important here to sensibly assess your mistakes and analyze them.

[Gidencenti]

you can count a lot of such mistakes, because everyone has their own history and their own mistakes at work, their own experience, which brings better results for the future