Top 10 Biggest Mistakes Forex Traders Make

[gds221]

Usually the biggest mistakes a trader makes under the influence of emotions or because of excitement. These are really the moments when a trader can be wrong.

[e_abrams]

Another big mistake is trusting unreliable companies. People don't know how to avoid scammers, unfortunately, and that leads to many losses.

[gds221]

Traders "biggest mistake is lack of experience. It is for this reason that traders often suffer losses

[Vaabum]

Usually each trader is unique, and to say that everyone makes the same mistakes would be wrong.

[gds221]

Most often, trader's mistakes are believed to be that the trader makes the wrong decisions due to haste or indecision.

[Gidencenti]

I think the main mistake is choosing a poor-quality broker, I advise you to work only with reliable companies such as Amarkets, they have been on the market for a long time and always consistently hold a high bar

[Vaabum]

Most often, traders make mistakes due to lack of experience. On this basis, enough conclusions can already be drawn.

[Upoctin]

Forex market behavior can be very unpredictable during important financial news releases. Prices rise or fall in a matter of minutes, changing by dozens or hundreds of points. In such instances, spreads widen, and liquidity is significantly reduced. Obviously, a novice trader is not prepared to handle sudden price changes. In fact, it becomes physically impossible to open and close profitable trades. Trading on the news puts the entire capital of an inexperienced trader at risk. Beginners are urged not to trade during major economic news announcements.

[Vaabum]

The biggest mistake is that traders are often not trained enough. When I started working with a broker from ExpertOption, I tried to pay maximum attention to this.

[Dora Wi]

On 6/27/2021 at 1:48 PM, e_abrams said:

Another big mistake is trusting unreliable companies. People don't know how to avoid scammers, unfortunately, and that leads to many losses.

Yes, this is a very common mistake, many people are way too trusting when it comes to promises of returns. 

[Vaabum]

Most often mistakes are made by those traders who do not want to learn. This is exactly what it is important for a trader to do in the first place.

[FXOpen Trader]

On 11/20/2021 at 8:44 PM, Vaabum said:

Most often mistakes are made by those traders who do not want to learn. This is exactly what it is important for a trader to do in the first place.

We should try to do our trading with minimal amount of Mistakes so that the Profits  can start to come to us.

[Vaabum]

The biggest and most critical mistake is lack of experience. It is for this reason that a trader can make really critical mistakes.