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Common mistakes in trading
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[QUOTE="milornld, post: 151932, member: 55851"] [B]Mistakes of Forex Traders you should avoid[/B] [LIST=1] [*]No plan – Always have a well-prepared plan before entering a trade or copy [*]Not sticking to the plan – Always stick to the plan [*]Overtrading – Never risk more than you are happy to lose on a single trade or copy [*]Not cutting losses – always place a calculated stop loss at the time of entering a trade to prevent losses getting out of control [*]Averaging down – Decide in advance how much you want to risk on this trade and then stick to the plan [*]Not learning from previous mistakes – Keep a trading diary to learn from your mistakes [*]Impatience – Once in a trade or copy, have enough patience to allow the profits to come to you whilst protecting yourself with your stop loss [/LIST] [/QUOTE]
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