What is your biggest forex trading weakness?

[virmon]

Hello all!

Yes, it is me again with monthly poll! The question this month is "What is your biggest forex trading weakness?"

Possible answers include:

a)I lose control over trades.
b)I struggle with emotions over losses and lost "potential profits".
c)Indecision is my greatest weakness. I hesitate too much.
d)I am not focused as much as I should be!
e)I do not stick to my trading rules and not always apply my trading plan.
f)I still haven't defined a good money management system.
g)I believe that I have magical powers and can predict the future.

If you feel that you have some other weakness (not mentioned above) please share Thank you for your votes.

[Sinnerman]

You might want to make this a poll. Easier to keep track of votes and all that.

[FXexpert]

For me it is probably G.) haha I always think I know exactly what's going to happen, sometimes it works & sometimes I lose money.

[bestforexsoftwares]

For me is OVERTRADING....I hate it..but I tend to trigger more trades than I should.... I would have kept much more profits If I only take the high quality setups

[Pinalli]

I sometimes become very initiative and try new things which leads me to loss. Thought i try not to over trade but then again due to less control on my mind i test something very innovative.

[FXexpert]

Originally Posted by bestforexsoftwares

For me is OVERTRADING....I hate it..but I tend to trigger more trades than I should.... I would have kept much more profits If I only take the high quality setups

I think that's something a lot of traders run into, it's best to analyze analyze analyze then, when you know it's a great time to enter the market, enter a trade you know will make money on.

[rosy]

Hello all!

My biggest forex trading weakness is
I still haven't defined a good money management system.

[Pinalli]

Originally Posted by rosy

Hello all!

My biggest forex trading weakness is
I still haven't defined a good money management system.

My friend money management is very important, i would suggest you to get it done for you as soon as you can to avoid losses.

See ya

[JEAN]

Definitely

b)I struggle with emotions over losses and lost "potential profits".

Isn’t it the biggest weakness ever???

[stockforexman]

I am too cautious at times. I don't trade setups because I don't want to risk my money. I used to be the other way round when I was a new trader though.