Common mistakes in trading

[sharabela]

In my opinion, not knowing about the Forex market properly but investing money in the market to earn millions easily is the most common mistakes by the most of the Forex traders.

Any business needs a lot of hard work, dedication, passion to achieve success. Forex market is not different either. This is what we must remember every second while being the the market as a trader.

 

[Brads]

There are lots of Forex Trader who makes the same mistakes and which could lead them to total loss, we need to learn from that mistakes and we could earn after that.

 

[wisetrada]

Haha. I think they are market makers indeed! Or maybe someone who came in the Forex world from gambling.. venturesome people are usually too risky, I mean Forex is not an ideal place to earn money for them.

Forex is technical not gambling. You could use a strategy like the stochastic oscillator to mark your entry and exit points using oversold and overbought conditions.

 

[Hafizmd]

Forex is technical not gambling. You could use a strategy like the stochastic oscillator to mark your entry and exit points using oversold and overbought conditions.

Thank you for a piece of advice, but I'm not a newbie and know how it's done. 🙂

 

[Brads]

Forex is technical not gambling. You could use a strategy like the stochastic oscillator to mark your entry and exit points using oversold and overbought conditions.

Yeah, to consider the Forex trading as a Gamble, is the worst mistake that many trader makes. This mistake you need not to make.

 

[Alexfx79]

Did anybody got no deposit bonus from liteforex ? I need advice in trading i would like to trade by using no deposit bonus

I can give you some advice on some other broker, if you want, but I never worked with that one. Still, if you message me, I could tell what bonuses did I get and how I withdrawn them

 

[Hafizmd]

Did anybody got no deposit bonus from liteforex ? I need advice in trading i would like to trade by using no deposit bonus

I better advise you to try double deposit bonus or something like that.

 

[Alexfx79]

I better advise you to try double deposit bonus or something like that.

Why did you highlight double depo? The conditions are practically the same for all of them with practically all the brokers. But I agree that it's really pleasant to see your money doubled 😀

 

[Brads]

The most important thing in Forex is to be serious and trade and the trade who neglects this makes the biggest mistakes.

 

[buldy]

The most important thing in Forex is to be serious and trade and the trade who neglects this makes the biggest mistakes.

I feel we have too materials for the traders to trade blindly these days, so there is hardly an excuse any who ignores these things.

 

[Hafizmd]

Why did you highlight double depo? The conditions are practically the same for all of them with practically all the brokers. But I agree that it's really pleasant to see your money doubled 😀

I just got the idea from the company I work with, nothing personal. However, I was already trading when I got the depo bonus. Very helpful 🙂

 

[Alexfx79]

I just got the idea from the company I work with, nothing personal. However, I was already trading when I got the depo bonus. Very helpful 🙂

I agree, and sometimes they can be even be withdrawn, that's luck

 

[Brads]

I feel we have too materials for the traders to trade blindly these days, so there is hardly an excuse any who ignores these things.

Yeah, Taking Forex as a Gamble, may worsen the things and you need to understand that, Forex could be anything, but never a Gamble and taking it as one, may be the biggest mistake.

 

[buldy]

Yeah, Taking Forex as a Gamble, may worsen the things and you need to understand that, Forex could be anything, but never a Gamble and taking it as one, may be the biggest mistake.

I think I understand what you are saying, because with gambling you play blindly. More like 50/50 chance, but not so with forex, you need to prepare well for it.

 

[Winjak]

I think I understand what you are saying, because with gambling you play blindly. More like 50/50 chance, but not so with forex, you need to prepare well for it.

It depends on the attitude, that's what he meant

 

[Andrew101]

I notice newbie traders make the mistake of not trading enough currency pairs. Profits are higher with more pairs. More to that, when you trade more currency pairs, you aim for high-quality entries – because you know that if you miss a move on one currency pair, there will be an opportunity on another one soon.

 

[Mixtrader]

I notice newbie traders make the mistake of not trading enough currency pairs. Profits are higher with more pairs. More to that, when you trade more currency pairs, you aim for high-quality entries – because you know that if you miss a move on one currency pair, there will be an opportunity on another one soon.

I see your point but I think that a total newbie should focus on one or two FX pairs to start with. It can be very overwhelming to look at many FX pairs at the same time

 

[buldy]

It depends on the attitude, that's what he meant

Your perception can also help shape your attitude in the market. What you make of forex trade determines the manner of your input.

 

[Brads]

I meant to say that those who consider Forex as a Gamble take it very lightly, which can cause you lots of trouble in future and thus it is not at all advisable.

 

[Andrew101]

I see your point but I think that a total newbie should focus on one or two FX pairs to start with. It can be very overwhelming to look at many FX pairs at the same time

I quite agree with you. However, having well-researched strategies based on the proper interpretation of results, can help ensure that traders identify truly correlated pairs without stress.