What is n. one mistake forex traders make?

[Tom Latham]

Number one biggest mistake new trade do is they treat forex trading as a money machine. Open trade and make profit. They think it is the easiest job in the world. But in reality you need profound understanding of the market. My advice to new trader is gain necessary knowledge and skills.

You are absolutely right, trading is not any easy task ever. Actually, the reality is different, here no one can make 100% money here. So, new traders shouldn’t be rush.

 

[LouBega88]

Small investment isn’t a matter of fear but small knowledge is a matter. It’s not a big deal for you if you have small capital at hand because small capital is enough to start forex trading.

 

[Tom Latham]

practice is important and for that demo is a good choice , but i dont like this, i always try to maintain live account with minor balance . its supportive to acquire live knowledge and experience.

 

[FXOpen Trader]

practice is important and for that demo is a good choice , but i dont like this, i always try to maintain live account with minor balance . its supportive to acquire live knowledge and experience.

If we will start doing a lot of Practice into our trades the income we can get will also get Increased.

 

[Nayek Pichai]

The tendency of jumping into trading is a common phenomenon in Forex. This is the mistake that traders first commit.

 

[hedvig_fx]

One common mistake forex traders make is over-leveraging their trades. This means they are using too much-borrowed capital to increase potential profits, which can also amplify losses. It's important for traders to learn from these mistakes and continually strive to improve their trading skills and knowledge.

 

[Eduardo Lucchese]

I prefer trading in EURUSD and GBPUSD because I can trade here by using moderate leverage and using the low trading spread. These pairs help me carry a handsome amount of profit.

 

[Oscar Shumack]

Educate yourself with the best education and adopt the best tactics of trading. There are several e-books available online by reading which traders can enhance their trading knowledge.

 

[Bahiya Shinam]

Earning will be possible if you keep your emotion apart from trading. And emotion inspires traders to take wrong decision.

 

[Gito Dinev]

Majority of the traders have eagerness but don’t have passion. Passion is such a quality that drives a man ahead and it is true to the bone for a trader.

 

[JimmyChoo]

i always do practice to increase trading knowledge and experience . i think this is the best way from all.

 

[Nayek Pichai]

Mt4 and mt5 are widely used trading platforms.When your platform is infected with several technical errors, it will turn your trading into hell.

 

[Windy_99]

Traders make the mistake of not choosing an ideal trader to copy.

 

[LouBega88]

Yes, leverage and spread both are important in Forex. Big dreams don’t bring success but hard work does. Majority of us dream big but don’t have enough knowledge and confidence needed for better trading.

 

[Gito Dinev]

Through following this approach, you can make profit temporarily but it won’t give you any knowledge and so ultimately you have nothing.

 

[Nayek Pichai]

You have to be intellectual enough to analyze the market as the market offers several technical points. Low spread should be accompanied by low leverage to stay risk free in Forex.