Mistakes that Forex traders are likely to make.

[iamurfriend]

Most common mistakes made by traders are greed, trading against the trend, trading with big lot size, over trading ( opening so many trades), poor money management and trading witout any knowledge of current trend. These are the mistakes I have personnaly observed in my trading and in the trading of my friends.

[screw_twizz]

Effectively if a broker will be a lot more know-how about what they are accomplishing like learn how to industry and gain a lot more industry subsequently probably almost all this individual need to do is always to try his probable greatest and perform research then your broker will be ready to go for scalping but this individual must not be greedy in reference to his industry and revenue.

[Decub]

The most expensive mistake a trader usually make is trading Forex without adequate trading knowledge. That is always where the failure starts. It is better for the trader to find a way to learn in details no matter how long it takes. Rushing into Forex to start trading will result to rush out.

[Stekin]

Mistake will occur for any of the forex traders who are traders. The traders make the mistake of trading in forex market with emotions in their trade. When the trader is not able to over come his or her emotions and trade with it, he or she will not make any profit from trading because it is going to lead him or her to greediness.

[standart]

mistakes make traders to open trades carefully. traders don't want the same bad result to be happen and choose to avoid to make same mistakes to be happen. major mistake usually regarding with impatient, rush and inability to wait good entry setup to come. traders has tendency to trade whenever they want still.

[waseemilyas]

 investing time and knowledge, most traders do not have  a technique , or simply a established with each other associated with strategies to start if their entered trade unsuccessful, so that they get troubled when this take place. 

[waseemilyas]

Being an on-line trader, You should remain tranquil and try in order to avoid hesitating. from time to time an actual excellent opportunity only remaining underneath a minute. just You shouldn't be also prudent in some instances.

[Stekin]

If the traders are being in a haste to make profit from trading in the forex market, it will cause them to make mistake and this thing is going to lead them to failure. Traders should learn how to trade in the forex business with patience and be ready time make profit when they have already gotten the good forex trading knowledge of forex and how to trade in it.

[Stekin]

If the traders are being in a haste to make profit from trading in the forex market, it will cause them to make mistake and this thing is going to lead them to failure. Traders should learn how to trade in the forex business with patience and be ready time make profit when they have already gotten the good forex trading knowledge of forex and how to trade in it.

[standart]

greed lead traders to rush and being aggressive. many newbies impatient to take training and they are willing to chasing real profit. but since knowledge and experience doesn't sufficient, they are fail and get margin call. or in other case, traders impatient to waiting good trading signals. which lead them unable to get maximum profit, or even losses.

[waseemilyas]

By far the most drastic slip-up a trader do is often to have a placement without any Investigation and concurrently by not positioning any Cease Reduction in almost any way. Doind This may only menace the traders Very first financial investment quantity to receive blown up to.

[Ashley Cole]

Greediness is one obvious error that many make, it’s not right to blame them, I also got greedy when I started my career since we always think of double/triple our money, so we commit error of been greedy, I am lucky that I am able to over-come this issue with help of OctaFX broker, it has excellent cash back service, so that allows me to control my mistakes, as I am able to earn 50% back every trade, it just boost my chances big time.

[myregister]

They cannot control their greed well, this is the problem that mostly forex trader are likely to make. It's the same like me I trade 10 times in this month and only make profit in my 6 trading while the rest four are loss for me. That is because i cannot hold myself.

[pepy]

Greed for sure is one of the mistake which many trader made, no doubt mostly of them easily lose because of this kind attitude. Well, i think that fear also is likely become the main aspect why trader loss their money in foreign exchange, the reason is same like greed but it holds them a lot.

[Ajitesh Roy]

There are many mistakes that new comers make, but the biggest error that people usually make is over-trading, I won’t call it mistake but over-confidence and that is what leads to several losses. I am working with OctaFX broker and their lively facilities especially the spread at 0.2 pips for all major pairs while there is also excellent system with having terrific platform like cTrader, so this allows me to work very easily without any manipulation or re-quotes to worry over while trading.

[Stekin]

We cannot be able to table the type of mistakes Forex traders are likely to make because they vary so much and this will also depend on the type of person he or she is. If a trader really needs to understand Forex very well, then it is important for that person to be careful with the way he or she will manage his or her emotions because this thing affects so many people too.

[pepy]

I concur but the fact that many things happening is actually because of trader's emotion, if you ask specialist or professional they usually said this thing first. Greediness or Fear are one of those emotion that could sway a manual based trader. You will find yourself hard to make more profit after affect by your emotion a lot.

[Norm O'Neill]

I think the most likely mistake traders are going to make is over-trading or using higher lot size, it is something that very few are capable of keeping in control and the ones who are able to do this is one which are successful. I am lucky that I work with OctaFX broker which helps me getting control over these things with their ideal conditions which includes low spread of 0.2 pips, high leverage up to 1.500 plus much more.

[aliforex]

Most of trader has'nt Traing plan and strategy adaption. It means you might need to adjust your strategy to take changes in conditions into account from time to time (low volatility summer markets for example), and you might even have separate strategies ready to deal directly with different market conditions. 

[myregister]

How about thinking that cross pair are profitable when it has bigger volatility compared to major pairs which has higher liquidity and relatively lower volatility than cross pair. What you need is predictable trend and not just volatile pairs, with this newbie can make profit and doesn't have to lose more.

[pepy]

What? That is outrageous. Cross pair indeed has some worth time for us but it is not always profitable and also it has high volatility it is not low volatility, so trading there needs a good understanding about its movement and need a precise predicition about what happening.

[myregister]

Depend on you, but yeah generally isn't profitable since people are only getting used to major pairs, cross pair like GBPJPY or EURGBP usually give some vibe for traders especially to high impact non USD related news, it will give you more flexibility but please count the spread and other risk first before move to this not so common pairs.

[uncle gober]

some of  Forex traders have no concept of money management to minimize the risk.  Money management is controlling your risk through the use of protective stops, while balancing your potential for profit against your potential for loss.

[myregister]

It would be better if new traders first learn about how to manage the risk and soon after that learn other thing such as profitable strategy, or technical/fundamental analysis and so on. It is good because if we can handle the risk better our chance to loss is lower, aside from that even we lose it won't be in huge number which reached MC.

 

[gaban]

It would be better if new traders first learn about how to manage the risk and soon after that learn other thing such as profitable strategy, or technical/fundamental analysis and so on. It is good because if we can handle the risk better our chance to loss is lower, aside from that even we lose it won't be in huge number which reached MC.

 

Right, gotta get yourself discipline to train risk management because there's lots of different cases that you will face and many kind of risk management methods you need to train and to apply.