oh well one of my bad habits in forex was getting too confident. sometimes i do lack the knowledge but i still so confident that i can get to make profit or have winning trade. but i have loss. and now i am back to learn forex.
I guess impatience. this is the biggest bad habit that I have. I'm always impatient. I have a position and I have an sl and tp but when I open my platform and see the theirs a slow movement. I end up going to open lots of position just to have some activity in my account and when the price suddenly move then I'm dead. lols. Got MC. lols.
Indeed its bad if you don't have the patience because it's very uch needed to have a lot of patience as, most of the time that we need to wait before we can make some decisions. That's why I do want to practice patience as I l know it's very much needed
i think every trader have bad habit which make his/her trade wrong and mistaken,now a days i m enjoying good profit and also learning from my mistakes and also notice it after lose,my bad habit is lack of patience ,i bear so much lose only for lack of patience and i think its a common habit ,2nd my bad habit is greedy i did lose $50 because of greediness,i think all trader need to avoid these things in trade
Yes, that is one of the bad habit that beginner has because they are being impatient about it as Forex is a long process you can't be profitable when you are just starting up so you will really need to face all the losses because that will make you learn what you need to.
Yes, it's better that we can change it when we are just staring so that big problem won't occur because of that bad habit that's why we really need to evaluate ourselves when we are not satisfied with our performance in trading.
I am still have not a good mental and its cause me to lack focus and discipline to follow my own rule. sometimes I close to early because to worry that my profit order become loss or otherwise to worry that my loss order become greater loss if I am not close it. while if I follow the rule, the story will be different.
Its good that you are aware of what your bad habits are. For some traders, they just experience losses but do not take the time to assess where the fault may lie and this is no solution to their problem. The fear of loss can actually stop you from making profits indeed because you close early and lose from what could have been a good trade.
I think each trader is different different and so their bad habits is different although we may be similar in some bad habits and so we have to learn from other traders how they were able to defeat their bad habits in forex.
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