agreed, you have to have losses to learn from mistakesThe most common mistakes of traders are associated with the fear of loss, and the thirst for profit. Fear does not give a normal trade. The trader tries to protect the profit, transfers stop-loss orders, and misses large profits. But the loss is not missing. Or a trader takes an oversized lot and loses money from greed.
totally agreeThe most common mistakes of traders are associated with the fear of loss, and the thirst for profit. Fear does not give a normal trade. The trader tries to protect the profit, transfers stop-loss orders, and misses large profits. But the loss is not missing. Or a trader takes an oversized lot and loses money from greed.
I came here to read traders opinion; but I see you added YouTube videos; really frustrating!
very well said here. very logical and more people need to cotton on to that.I am still somewhat newbie trader and I do not afraid to loose a bit of money really. I clearly do not get all this hustle. Set aside some amount and work from here really. Please be sceptical around all so called money making proposals and you will be good.
I agree it is more frustrating , when all the pretenders and failed traders are giving fake education, false opinions, fake motivation and fake "half information" in youtube videos.Most of these video makers are failed traders giving charlatan opinions of quacks.
Yes, it is! In addition, good trading knowledge isn’t available here and there!
Thanks for sharing a nice thread and it can be expected that this informative thread will help beginners to take lessons from the expert. Yes, foreign currency exchange traders often commit mistakes due to many reasons. One of the common lacking that a trader requires to overcome is: he must try to get acquaintance with the basic things related to forex trading so that he can make certain protected trading journey.
I see that the biggest mistake that the most of traders do it is the trade with huge lots and high risk to profit with no plan or money management so this is the reason of the loss to a large portion of traders. So i think that we need to control on this and dependably maintain a strategic distance from the trade with high risk and with huge parts in light of the fact that the trade with plan is the best thing that dependably lead us to the achievement. At least we should follow 1:1 risk and reward ratio because a survey shows that most traders are right in more than 50% times.