Forex Zone - Forex Forum

Fixing Every Trading Mistake in General Forex Discussion_68922e7c602bf

Fixing Every Trading Mistake

Discussion started on General Forex Discussion

VIP
  • Hero Member
  • Posts: 20061
  • Points: 1578
  • Likes Received: 418
  • Reputation: +4/-0
Just like we repair a damaged car, if it is repaired it will certainly run fast, and so does our trading system.
#616 - October 26, 2023, 08:37:12 AM

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
Every time you make a mistake you should be alert to your trading account, therefore it is very important for us to make corrections to our mistakes because when you keep repeating those mistakes, it is impossible for you to get consistent results precisely when you don't. Correcting every mistake you make will have a negative impact on you and you must be able to trade with a new method.
#617 - October 27, 2023, 08:28:01 AM

VIP
  • Hero Member
  • Posts: 20061
  • Points: 1578
  • Likes Received: 418
  • Reputation: +4/-0
The most common mistakes experienced by traders, especially beginners, are mainly because they still don't understand the risks of trading and think trading is easy, perhaps this comes from their wrong mindset and needs to be corrected immediately.
#618 - October 27, 2023, 10:57:27 AM

Sponsored

Fixing Every Trading Mistake in General Forex Discussion_6803a6c52eb12
#619 - Today at 08:48:06 PM

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
Correcting each error will create a better maintaining trading system. Usually the error only has to be trivial but it becomes big when you repeat the same thing, such as the example of opening a wrong position, such as the example of using a large lot or such as the example when you carry out your analysis against the trend. In my opinion, everything is a trivial mistake, but when you immediately carry out an evaluation, immediately make improvements. I guarantee you will not repeat the same thing. So all of this must be corrected immediately so that later it will be easy for you to trade
#619 - October 28, 2023, 08:07:29 AM

VIP
  • Hero Member
  • Posts: 20061
  • Points: 1578
  • Likes Received: 418
  • Reputation: +4/-0
By correcting mistakes, it means we put the brakes on the way emotional thinking works. for example, when you lose, don't immediately get angry, but fix it calmly so you can recover.
#620 - October 28, 2023, 11:39:15 PM

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
whatever the mistake, I believe that everything must be corrected, big mistakes or small mistakes don't discriminate. You are obliged to correct them, for example, when you open a position that previously did not wait for momentum, now you must be obliged to wait for momentum first, for example, when you analyze using a small time period and you lose then you have to be able to use a long time period so that the trend is clearer. These are all things that you have to relearn well.
#621 - October 29, 2023, 08:56:35 AM

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
Correcting any mistakes will help you to be able to trade with high quality because your strength lies in your knowledge. If your knowledge is wrong, you are definitely obliged to correct it. You are obliged to correct it because that way you will be able to get big profits. and can carry out trading activities well, therefore it is very important for us to look at it in detail. What makes us fail? Especially when we can't make a profit, that's when we have to be able to see for sure and make improvements
#622 - October 30, 2023, 08:24:57 AM

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
Correcting every error is definitely very important for us to do without that, it will be more difficult for us to make a profit because there are various errors, therefore I suggest to people who trade forex that you have to be more careful in looking at the performance of your system if you find any. something strange or something that causes a failure, you have to immediately evaluate it so that there will be more mistakes and that mistake will also cause you to MC, therefore we should not get something like that, that's why we focus on improving it.
#623 - October 31, 2023, 07:47:02 AM

VIP
  • Hero Member
  • Posts: 20061
  • Points: 1578
  • Likes Received: 418
  • Reputation: +4/-0
People sometimes fall because of a pebble, the same goes for traders who fall because they don't want to correct small mistakes, so these mistakes must be paid attention to and corrected, instead of repeating even small mistakes.
#624 - November 01, 2023, 09:32:02 PM

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
Every trader will definitely have their own mistakes and we are also included in that. I myself, when trading forex, never escape mistakes and I feel that is a normal thing, but when we feel that the pair is getting worse and worse, that's when We have to make improvements so that mistakes can't be used as experience to evaluate any mistakes we have to correct. We have to be able to see our abilities. We also have to be able to see our progress in a few months. Do we gain or lose when we have more to lose should we focus on improving it
#625 - November 02, 2023, 08:34:10 AM

Sponsored

#626 - Today at 08:48:06 PM

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
Yes, obviously that is true when we are trading forex and we are indeed hampered by an error which we think is too serious for us to use again, it is better for us to make improvements because when we just sit there and don't do anything to improve it then that's all. will continue because you don't have another system but when you decide to stop first taking a few months to learn is better because in my opinion trading doesn't need to be rushed. Trading won't go anywhere, in fact we have to be able to prepare ourselves. so that we can be ready to trade well
#626 - November 03, 2023, 07:29:03 AM

VIP
  • Hero Member
  • Posts: 20061
  • Points: 1578
  • Likes Received: 418
  • Reputation: +4/-0
Correcting mistakes is needed apart from good emotional control. You must be able to manage your existing capital and reduce mistakes that you don't need to make.
#627 - November 03, 2023, 07:47:38 AM

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
Whatever the mistake, it must be corrected, no matter whether the mistake is small or big, we as traders must be able to see it subjectively because mistakes that are too big or too small and if we don't use evaluation will make us lose more often. We have to look at our weaknesses. we have to be able to see what often makes us lose, so we know what we have to do and if the mistake can be corrected immediately, don't drag it on.
#628 - November 04, 2023, 07:54:18 AM

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
People who make big mistakes and want to fix them well are the ones who deserve to do forex trading because a trader has to do that every time they make a mistake, they have to be able to fix it, they have to be able to take responsibility for what they do themselves. It's true that none of these techniques are 100% perfect, but when we find an oddity or failure that prevents us from getting consistent profits, we are obliged to improve it, so the point here is that correcting every mistake is the best way so that we can improve. perfect in technique
#629 - November 05, 2023, 08:05:07 AM

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
Every mistake needs to be corrected, whatever you do, if you trade wrongly, it is mandatory to correct it because when you make a mistake and you don't correct it then it will make you continue to make that mistake even more and your money will run out even more. and you will regret it, therefore it is very important for us to always try to look in detail at whatever mistakes we make, later when we have corrected them we will be professional again.
#630 - November 06, 2023, 08:29:56 AM

Members:

0 Members and 2 Guests are viewing this topic.



Kraken Crypto Trading