Forex Trading & Mistakes!

[Alexander Hudson]

If you want to trade forex like stock trading, then it will be a major mistake. Because Forex is different from stocks in several jurisdictions. So, we should develop our own trading strategy based on our trading experience.

 

[LouBega88]

An emotional person always turns out to be failure ultimately as it hinders all activities and inspires a person to take wrong decision.

 

[Bahiya Shinam]

Even though if we trade on live account, we shouldn’t skip practicing on demo account. Demo account is like a practice ground for traders and traders should nurture the tendency of practicing on demo account.

 

[Eduardo Lucchese]

Avoiding a big amount of leverage is essential for traders because it accelerates the trading risk.

 

[Oscar Shumack]

Whenever a loss incurs, try to find out the reason behind this loss because it leaves you with a lesson. In this case, you need both global economic knowledge and market technical knowledge.

 

[Nezami]

generally demo is the first basic after finishing pre school level , but we traders don't believe the importance of demo at all and trade here at random for all time, that's why sometimes i prefer micro account instead of demo after finishing baby pips school.

 

[Tom Latham]

micro account is okay , but it can make beginners greedy and emotional. so be careful before trading on there.

 

[Andrew McCalam]

scalping is okay but the main problem is , most of the brokers dont allow scalping and hedging in their platform.

 

[Faal]

learning Forex is a continuous process but we traders generally try to learn major market principle with very short time.

 

[The trader]

The mentor is a big deal in this marketplace, but honestly speaking there are so many Mentors in online and most of them are found to be scams.

 

[BinarySumo]

As traders, we should avoid mistakes because they can lead to significant financial losses. It is important to carefully research and consider trades before making them, as well as to have a clear understanding of the risks and limitations involved. Also, it would be great if one learns from their previous mistakes. Repeating the same mistakes again and again only hinders growth.

 

[Tom Latham]

actually right now its very difficult to make sure 20% return according to trading balance due to US election. but whatever it is we the traders always try to bring profit minimum 5-10%.

 

[JimmyChoo]

the first inevitable part of trading's is learning , we know it , but without practice any kind of learning can be useless.

 

[Davidfx89]

actually percentage generally we count according to our trading balance , if you have a smart amount then of course you can expect 10-20% of return. for that reason deposit is very much important than others issue.

 

[The trader]

this is a very common reason why traders join this marketplace. but almost 90% of traders become losers from there. so worked hard with no excuse.

 

[Faal]

changing life is a long time issue but we generally want to make sure this with very short time that is totally impossible.

 

[SaadBinToha]

Traders should analyze the market on demo account and should judge them how accurately they can do the work.

 

[Bahiya Shinam]

Scalping has become a center of attraction among traders and I also like this type of trading.

 

[Eduardo Lucchese]

Many of us tend to take revenge for our losses. Forex is an unpredictable market where revenge doesn’t work.

 

[Eduardo Lucchese]

Yes, I agree to that statement that Forex has great potential to make profit. Even then many of us are in consistent losses.