There are lot of common mistakes

[Kazumu Fukunaga]

There are lot of common mistakes every trader do when they are new. I also did the same. Like opening trade position before big news events and after the news events. Opening too many lots is another mistakes. Risking more than 1% of the capital is also a mistake. Another big mistake is unrealistic expectation. We come here to make double, triple of our capital over night. But it's the biggest mistake one can have. We also make mistake in choosing broker.

 

[Gito Dinev]

Mistakes are common in forex trading. Just learn from your mistake and avoid repeating same mistake twice.

 

[Eduardo Lucchese]

Risk is a common thing in the forex market. many people lose their money in this risky platform. If you want to be successful in this market, you need to make a profitable plan.

 

[Marim]

Common mistakes that people do make are so many and I would like to air them out so that it may never be repeated by any iother beginners who are joining the forex trading for the first time. Some are always unrelactant and that is why they they hurry and get the wrong brokers and partners. This is very common and we shoud all be aware

 

[Hoang]

We are all prone to mistakes. But if we master some trading skills and apply them everyday, we would start trading like robots and avoid these mistakes.

 

[Zoltan_]

There are several common mistakes traders make while trading like not using stop loss, having unrealistic expectations or trading without a plan.

 

[Mark Dahl]

We are all prone to mistakes. But if we master some trading skills and apply them everyday, we would start trading like robots and avoid these mistakes.

True. It is hard to avoid. Accept the fact and learn from your mistake. That is the way of trading.

 

[Alexander Hudson]

Traders have to accept the fact that loss is unavoidable. So, learn from your every mistake.

 

[Darragh Bell]

Small capital has little disadvantage because of that. 1:500 leverage is still risky especially for new trader with small capital like $50 or $100.

 

[Gito Dinev]

Overall trading chart knowledge is essential for a trader. The sizes and shapes of a candlestick indicates some market forecast which a technical analyzer can catch well.

 

[Gito Dinev]

Sadly to say that only a few traders adopt this technique in their trading just because they can hardly realize the significance of making portfolio.

 

[FXOpen Trader]

Sadly to say that only a few traders adopt this technique in their trading just because they can hardly realize the significance of making portfolio.

When we are doing our trades we will need to understand the importance of the Correct Timings.

 

[Gito Dinev]

If technical analysis is combined with technical analysis, it helps generate better signals.

 

[LouBega88]

No, hedging is not always useless because we feel the necessity for it when we fall in a dilemma.

 

[hedvig_fx]

Yes, there are a lot of mistakes that traders make when they first start trading. Lack of information, lack of reliable learning resources, or making irrational trading decisions. However, there is always space for progress if the trader keeps a strict eye on his errors and works to correct them; this will reduce the chance that he will make the same mistakes repeatedly.

 

[LouBega88]

Every forex trader has a similar goal of lowering loss ratio and increasing profit ratio. You can lower your loss ratio and higher your profit ratio only when you follow proper money management policy.

 

[Gito Dinev]

Spend some time in the area of fundamental analysis because it will disclose you the exact scenario of the market.

 

[Gito Dinev]

Spend some time in the area of fundamental analysis because it will disclose you the exact scenario of the market.

 

[Bahiya Shinam]

Your trading capital is increased with the addition of trading bonuses and it’s of no value until you can’t make the best use of your obtained bonus.

 

[Nayek Pichai]

Maintain flexibility in using leverage because the market doesn’t always offer good trading environment.