Mistakes traders do

[Nezami]

If you are a new trader, please don’t be scared because of this statistic! Just concentrate on your learning process!

 

[Benjamin Bryne]

Traders need to learn from Mistake. If the trader trades without gaining knowledge, it is very difficult to develop knowledge. That's why Mistake can develop a lot of skills.

 

[Alicia Lynch]

If you want to keep your account safe from loss, then you have to gain knowledge from Mistake. Moreover, beginner traders need to practice mistakes on the demo platform.

 

[Karley Walker]

Knowledge from mistakes is a must for a successful trader. Otherwise, profit-making will be much more complicated.

 

[Kazumu Fukunaga]

Common mistakes are those that we do again and again. Over trading, revenge trading, no money and risk management all are common mistakes.

 

[Gallimaufry]

Avoiding risk management and trading without any plan are the mistakes that are repeated by most traders. These mistakes cost them a lot. Risk management is important to make sure that we don’t lose more than we could bear. Planning the strategy is vital in a similar way.

 

[Flotsamm]

Not updating their knowledge with time is the biggest mistake traders will ever make. The market kicks out those who stand stagnant. Just like the market, you have to keep moving if you want to make some good bucks.

 

[lotcamel]

According to me, the biggest mistake traders make is that they don’t understand how the market works and how it can help them to meet their financial goals. They ignore the risk and put money without a second thought. They don’t do any research. If you decide to enter the market, think about risks first. Keep profits secondary.

 

[FXOpen Trader]

Not updating their knowledge with time is the biggest mistake traders will ever make. The market kicks out those who stand stagnant. Just like the market, you have to keep moving if you want to make some good bucks.

It is true that traders tend to make the mistakes and we will need to bring them down.

 

[Fx Master]

you should choose the broker which is more appropriate to the concept of trading that will be used , if love doing scalping should choose the broker which allows trading concept such as this.

 

[LeaseBear]

The mistakes which traders make are letting their emotions in, overtrading and ultimately getting losses.

 

[FXOpen Trader]

The mistakes which traders make are letting their emotions in, overtrading and ultimately getting losses.

It is a known fact that many of the traders are making the same kind of mistakes again and again.

 

[justintaylor]

Making mistakes is not a bad thing. But what is bad is not to learn anything from your mistakes and repeating the same mistakes over and over.

 

[Eduardo Lucchese]

According to my own experience, most of the new traders aren’t interested on demo trading! Even, a number of new traders used the demo account for few hours, they have to understand, you guys need to practice your demo until you are consistent enough in demo! So, if you try make quick money in live account without demo! It’s very obvious you’ll face a huge loss in live trading!

 

[FXOpen Trader]

According to my own experience, most of the new traders aren’t interested on demo trading! Even, a number of new traders used the demo account for few hours, they have to understand, you guys need to practice your demo until you are consistent enough in demo! So, if you try make quick money in live account without demo! It’s very obvious you’ll face a huge loss in live trading!

We will have to start bringing down the risks that are present while doing the trades into the markets.

 

[Underwit]

I agree! The first mistake any new trader can do is think that forex is “easy.” It is not easy. There are high levels of risks associated with trading. It is in your best interest to stay away from the market if that is the case.

 

[Nayek Pichai]

Mistakes are a part of trader’s life and so traders can’t fully avoid it but they can minimize it to some extent. However, mistakes are a big chance for learning for those who have headache about their mistakes. Professional traders have their own set of rules for trading.

 

[Bahiya Shinam]

Over trading is one of the most common issue by the new traders! So, if you are a new face here don’t try to open lots of trades without any proper reason! On the other hand, don’t rely on only technical tools, try to read your chart & the fundamental news for better understanding!

 

[Nayek Pichai]

Some of the common mistakes of traders are overtrading, not following risk management strategy, pre-schemed trading, revenge trading etc. Another big mistake of Forex traders is that they apply any new strategy on the live trading account without applying it in the demo account.

 

[David Marco]

Mistakes are your companion if you truly want to be a good Forex trader. And there is no effective way to avoid mistakes in any case. But, you can lower it with taking some measures like by maintaining proper money management policy. Don’t look at higher return rather look for small return that will indeed satisfy you.