traders's mistakes

Discussion in 'General Forex Discussion' started by new digital, Mar 13, 2019.

  1. larry_009

    larry_009 Newbie

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    Traders tend to make a lot of mistakes. They may start trading without having a plan, just on the basis of hit and trial. They blindly follow the systems and anticipate a lot of profits, that takes them nowhere but to incur losses for themselves. Lack of a diversified portfolio and improper setting of limits are another faults that traders have.
     
  2. new digital

    new digital Master Trader

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  3. Ethanfx

    Ethanfx Newbie

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    what mistakes newbies make in the beginning is all part of the process i think. no one can learn without making a mistake according to me. but what a real bummer is, they don't understand how important risk management is, why you should set some money aside and then start trading and not trade on your savings.
     
  4. johnbrown_01

    johnbrown_01 Newbie

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    - trading without a good plan
    - adding more to unrealistic and unprofitable trades
    - not taking proper steps for risk management
    - ignoring the fundamentals
    - not giving due importance to research and study
     
  5. DT77

    DT77 Trader

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    Never need to pay anyone to learn this stuff, end of.....
     
  6. Leebax

    Leebax Trader

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    unless traders actually go throught his process anyway then they wont learn from their mistakes. Most traders do this
     
  7. Ary Barroso

    Ary Barroso Active Trader

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    True; it’s their trap and new traders follow this road since, this path is looking so attractive!
     
  8. new digital

    new digital Master Trader

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    true

    http://t2wlulz.blogspot.com/2017/12/trade2win-casino-style-trading-systems.html
     
  9. new digital

    new digital Master Trader

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  10. Ann

    Ann Active Trader

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    A trader must follow his system. How else? You get losses, then in retrospect you start writing down the system input in your errors. You think you should have guessed for some reason that the entrance is false. So you do not have an unambiguous trading system, if you allow thinking over during the trade. Or you are not ready to accept losses on your trading system.
     
    larry_009 likes this.
  11. hakuna matata

    hakuna matata Newbie

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    Some of the common trading mistakes are as follows :
    Not using stop losses
    No understanding leverage
    Trading without a plan
    Over trading
    Emotions based trading – fear, greed , unrealistic expectations etc.
    Lack of knowledge and research
    Over diversifying a portfolio
    However, these can be overcome with practice, time and effort as one gains experience.
     
  12. new digital

    new digital Master Trader

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    Mistakes ensure 99 % fail

    http://tradinglosers.blogspot.com/
     
  13. Petez_FX

    Petez_FX Trader

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    Over trading/bad RM is the worst thing you can do tbh. Sometimes it can be very hard, so you've gotta hack that to be successful.
     
  14. keith williams

    keith williams Newbie

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    Losses are inevitable even the best traders lose sometimes. However changing your strategy/approach after losing a few trades sets you back on back on the learning curve. Stick to one approach and don't change your trading strategy in a row.
     
  15. keith williams

    keith williams Newbie

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    Being too emotional about money. Too many traders get emotionally involved in their trades(long or short) that if a trade goes against them they tend to react so emotionally.
     
  16. georgequayle

    georgequayle Trader

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    Chasing your loses
     
  17. georgequayle

    georgequayle Trader

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    What if its just fundamentally not working?
     

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