What are your bad habits while trading forex?

[Tirus]

Its difficult to have that learn of other mistakes. At first, do we need to find other traders faulty strategy or their experience. I think its really can save much time and energy if we will going to investigate our own bad habits rather than others which we don't have much idea how to begin.

You can certainly do better to learn from your own mistakes as you will also remember them much more than someone else's because you experienced the loss. You can learn from others in the form of advice to keep in mind while trading so that you can become a better trader.

 

[indieover]

You can certainly do better to learn from your own mistakes as you will also remember them much more than someone else's because you experienced the loss. You can learn from others in the form of advice to keep in mind while trading so that you can become a better trader.

indeed we can learn from the mistakes of other traders and not on our own mistakes only. so it is good that we can get to know the experience of other traders. so we would have some ideas on what kind of mistakes that other traders commit that we should be aware of so as not to commit the same kind of mistakes.

 

[Tirus]

This is why the sharing of information is quite important because it will help with knowing what to do when you come across certain situations that other members have already gone through. You dont have to commit the same mistakes yourself but can learn from other to save yourself from doing them yourself.

 

[budado]

I guess the bad habits are impatience. In which we reach a point in which we really don't like to wait and instead we just do some impulse trade that results to some loses in our part. I think its best that we just forget about trading if we can't control ourself or can't follow our strategy to the second. Because theirs no way you can sustain yourself in the long run.

 

[kalpeshmkm]

When i trade i can not wait for the movement so i try to ignore the look the chart and go for some other activity so when any movement goes i was no there and i can not get proper profit but i think it is my nature so i always work with my nature not with market but i am fully satisfied with my working style.

 

[rexway]

I supported the point above impateince is another key bad habit yes this is correct impatienec will not allow you to gain good amount of profit sometime you will fine out that you exit a very profitable trade without waiting for your strategy to fully matured.

 

[raybenz1984]

i think my habit of loose my patience quickly is not good. But i am trying to control this habit.

forex metal

 

[monyitomon]

Well, it's really important that you have patience in Forex trading because it's really needed if you are impatient then you don't have any plan at all to be followed that you are trading randomly and not according to any plan.

 

[budado]

I guess my bad habits right now is over exposure. Two months ago I only trade eur/usd. Last month I only trade eur/usd and usd/cad. Now I have trade almost 8 to 10 pairs at the same time. I just open too many pairs and too many position that right now I don't know if I can monitor each pairs. And right now I almost gone down from 1,500% free margin a month ago to low 270% free margin today.

 

[indieover]

Yeah opening too many trades is not a good thing as it's hard to manage then even if you are a very good trader. As you would lose the time to check all your trades on time. So I think we should just make few open trade and not to be too excited having a lot of them at the same time.

 

[riddick09]

Few trades only will give us advantage to focus or concentrate only in some trades opened. I think also that we can make better profits from as we can just think of the fewer pairs and saves time for us. I don't have experience yet trying to have many trades simultaneously but for me it creates confusion.

 

[Tirus]

Well, it's really important that you have patience in Forex trading because it's really needed if you are impatient then you don't have any plan at all to be followed that you are trading randomly and not according to any plan.

Impatience can really be your downfall when you are trading in forex. There's no need to rush yourself when you are trading in forex because you will end up losing sight of what is important and neglect to follow your trading plan to the core. It goes with saying that the results can be disastrous.

 

[monyitomon]

That is really one of the common bad habits of a newbie in Forex trading because they are really impatient about and they just always want to rush everything just like they can be a millionaire with only one day. Perhaps that is the cause of some bad information on the internet.

 

[indieover]

Yeah it's just impossible to be a millionaire in just one night. It would take consistent hard work and lots of learning before you would be successful in making money in forex because a lot of traders are aiming the same thing. So it's not possible everyone would be successful in forex. Only those who would work hard that would be successful in forex.

 

[riddick09]

Obviously, we are going to have different bad habits. And of course, one of it will be is that we wanting to be millionaire which we are becoming more having higher targets and prone of losses. Successful traders will also have here bad habits but they can manage it well.

 

[Tirus]

Everyone has to come to a point where they identify their bad habits and does their best to keep them in check so that they dont lead to losses. Yes, even experts have bad habits as well which is why they are also not profitable all the time. Keeping them under control and managing them properly will lead to more success when trading.

 

[Syrine22]

Sincerely trading bad habits is what majority cannot do away with and that is because it has now kind of become an habit but yet i think guys can tend to address that if they are willing.Moreover so many trading bad habits guys got but dont kind of know.

 

[monyitomon]

Everyone has a bad habit, it's just how we deal with it because you can surely know your bad habits and can find a solution for that especially if that bad habit is one of the causes of your losses so you really need to chance what doesn't fit in.

 

[Syrine22]

Yeah i think sne of my favourite writers wrote that bad habits are easy to learn but difficult to do away with but good habits are difficult to learn but easy to do away with.i think we replacing our bad habits with good habits would help in trading.

 

[rivha]

I think my bad habits when trading is can't control my emotion..really hard to control emotion when lost and going to insane put much balance on the trade 1 time...