Have you learned from your mistakes?

Apr 8, 2020
3
0
1
31
Pakistan
Forex trading is a business in which even a small mistake can cause big losses for you. Can even completely wipe your account. Due to the high risk of forex trading, there is a need to focus more on errors. And if we still make a mistake, then we must use the SL option, so that our mistake will result in less loss for us.
 

Pretty6

Newbie
Apr 7, 2020
27
1
4
31
Mistakes are a part of every venture, not only forex. One should take them positively all the time, only then can one have success. Whenever I make a mistake, I make it a point that those are noted and I do not make the same mistake in future again.
 

timmyk

Trader
Apr 19, 2020
3
0
6
Mistakes and losses are part of Forex. But we can avoid mistakes and we can learned from Forex if you have learned about Forex. Learning is very necessary to keep our trading on track.
So true. I am still learning from my mistakes. I think the word to use is "learning," and not "learned."
 

Zeenat shein

Banned
Apr 11, 2020
56
12
24
24
This the most required quality for a successful trader. He/she has to be a constant learner and should always seek something good in though situations also.
 

Dora_WalletInvestor

Active Trader
Aug 17, 2020
210
27
44
walletinvestor.com
It's human nature that we can learn better from experiences that affect us emotionally, so learning from our own mistakes can give us more lasting knowledge than just learning from books or from other people's experiences. Making mistakes can be seen as an opportunity to learn about things we have to be careful about.
 
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hk_09

Trader
Oct 30, 2020
86
12
9
37
It's human nature that we can learn better from experiences that affect us emotionally, so learning from our own mistakes can give us more lasting knowledge than just learning from books or from other people's experiences. Making mistakes can be seen as an opportunity to learn about things we have to be careful about.
This is why I always suggest demo trading in the learning years, rather than just merely reading books and cramming stuff up.
 
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vicjon1995

Active Trader
Sep 29, 2020
219
30
29
26
Demo trading is so important for every newbie. We should be thankful to the brokers for providing us with platform which is the exact replica of live account.
 

danielbro

Trader
Nov 26, 2020
60
11
9
39
Absolutely. It is so amazing to see how much growth I have made from learning all the mistakes that I made while not just in trading but also in life, generally.
 

forexking

Newbie
Feb 15, 2021
28
3
3
31
My biggest mistake was not using stop loss in my trades. But now I make sure that I am using stop loss in all my trades and this is what I have learnt.
 

Todor

Trader
Dec 16, 2020
38
4
9
45
Of course. Nobody is perfect. I have also made so many mistakes initially but with understanding of the market, slowly and gradually, i started improving.
 

fxplayer

Newbie
May 27, 2021
19
2
4
29
My biggest mistake was directly jumping into the live market without practising on demo account. I realized this mistake after suffering some losses and then I decided to put live trading on halt and started practicing on demo account. This really helped me to formulate the right strategy for me.
 

SmartX

Newbie
May 27, 2021
8
1
1
27
My biggest mistake was getting impatient in the urge of making quick profits, but soon I realized that rushing and lack of patience can only give losses.
 

btseen

Banned
Jan 17, 2020
42
13
19
41
My biggest mistake was not using stop loss in my trades. But now I make sure that I am using stop loss in all my trades and this is what I have learnt.
Have literally heard so many traders sharing about the same issue-stop loss.
 

JimBarryman

Banned
Jul 7, 2021
9
0
0
35
There is not a single forex trader who did not make mistakes during their trading career especially in the beginning of trading. Most of the beginners will fail to learn from their mistakes except a small percentage of traders who will make the mistakes and learn from them. This is what will separate successful traders from failures.
Still learning, but I would say yes. My main issue was FOMO but now I know the best times to look at the market, and if I can't see anything then I leave it alone.