Forex Zone - Forex Forum

Five of the biggest mistakes in trading

Discussion started on General Forex Discussion

  • Newbie
  • Posts: 10
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
that's why in forex we have to make a trading plan
#31 - May 22, 2019, 11:23:09 PM

  • Newbie
  • Posts: 10
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
not to 5 fatal mistakes that occur to us, we should be more patient and control emotions so that it is not easy to violate these mistakes.
#32 - May 23, 2019, 01:50:27 AM

yanre


Trader's biggest mistake is failing to manage his emotions



#33 - September 11, 2019, 03:08:07 PM

  • Hero Member
  • Posts: 628
  • Points: 0
  • Likes Received: 59
  • Reputation: +1/-1
1. Trading without a clear plan
2. Trading emotionally
3. Less learning
4. Overtrading
5. Don't know when to close a position
Considering the mistake was made.
when learning with video and media and even forums, this error can be eliminated.
A very serious mistake like that should not happen again in the future.
#34 - March 11, 2020, 03:44:34 PM

  • Jr. Member
  • Posts: 67
  • Points: 466
  • Likes Received: 1
  • Reputation: +0/-0
indeed these five things can make a big loss because those mistakes are indeed very fatal effects, especially related to uncontrolled emotions.
#35 - March 12, 2020, 05:55:29 AM

  • Sr. Member
  • Posts: 337
  • Points: 0
  • Likes Received: 25
  • Reputation: +1/-0
There are no biggest mistakes in the forex business but the 5 mistakes that ordinary traders do.
#36 - March 12, 2020, 06:00:50 AM

  • Jr. Member
  • Posts: 74
  • Points: 1636
  • Likes Received: 1
  • Reputation: +0/-0
the second mistake is emotion can trigger 4 other mistakes, so in my opinion the emotion that most needs attention and focus is to control emotions.
#37 - March 12, 2020, 01:17:34 PM

  • Hero Member
  • Posts: 810
  • Points: 0
  • Likes Received: 120
  • Reputation: +3/-0
the second mistake is emotion can trigger 4 other mistakes, so in my opinion the emotion that most needs attention and focus is to control emotions.
Emotional indeed needs special attention, but from the beginning it is also very wrong, trading without a plan is the same as suicide.
#38 - March 12, 2020, 02:01:25 PM

  • Sr. Member
  • Posts: 296
  • Points: 0
  • Likes Received: 37
  • Reputation: +1/-0
Every mistake will cause a loss, this problem must be overcome by learning to find a solution so that these mistakes can be avoided
#39 - March 12, 2020, 03:30:18 PM

  • Full Member
  • Posts: 121
  • Points: 268
  • Likes Received: 1
  • Reputation: +0/-0
these five things are indeed the most influential things on psychology so if one or even several are violated then it is clear psychology will be chaotic and will not even be successful in forex.
#40 - March 12, 2020, 08:06:44 PM

  • Hero Member
  • Posts: 2223
  • Points: 7990
  • Likes Received: 140
  • Reputation: +6/-1
Nobody's perfect, all have mistake even small to big, in trading a mistake can use to make evaluation trades because learning from a mistake is reflect real experience, and with time will decreasing mistake
#41 - March 12, 2020, 08:33:23 PM

  • Sr. Member
  • Posts: 424
  • Points: 0
  • Likes Received: 102
  • Reputation: +3/-7
In trading a mistake can use to make evaluation trades because learning from a mistake is reflect real experience, and with time will decreasing mistake
In the trading journey begins with error after error, both large and small mistakes, this is still in the natural stage because beginners do not have enough knowledge.

Repair is the stage to achieve success.
#42 - March 18, 2020, 02:37:13 AM

  • Full Member
  • Posts: 234
  • Points: 426
  • Likes Received: 12
  • Reputation: +1/-0
things related to emotions are always a major factor causing damage to our trading, so trading psychology, especially related to emotions, we must pay close attention.
#43 - March 18, 2020, 02:47:24 AM

  • Hero Member
  • Posts: 701
  • Points: 5910
  • Likes Received: 39
  • Reputation: +1/-1
trading without a clear plan and trading with emotion, in my opinion these 2 things have the biggest influence on our trading conditions and results.
#44 - April 20, 2020, 02:53:30 AM

  • Hero Member
  • Posts: 3601
  • Points: 0
  • Likes Received: 54
  • Reputation: +5/-7

As long as there is a passion and a strong motivation to succeed in pursuing the Forex world, I'm sure you will find a path to success, that passion and motivation must be embedded in every trader where we must have principles, hard work, discipline, focus, consistent and not easily give up and want to learn and learn both about business planning, Managing and adding capital and learning indicators and analysis techniques that are on the Forex market / chart and often practice demo account before proceeding to a trading account.

To minimize errors that may occur when trading or open positions, every time you should trade do not forget to keep a journal or record of trading results and we need to evaluate weekly or monthly what are the causes of errors or losses that we may experience and find solutions to overcome them. progress when pursuing Forex trading.
#45 - May 03, 2020, 10:06:48 AM

Members:

0 Members and 1 Guest are viewing this topic.