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Thread: Avoiding mistakes in forex trading

  1. #1
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    Avoiding mistakes in forex trading

    Let's share ways of minimising mistakes in forex trading. :drinks:
    Their is this saying "go to where you are celebrated and not to were you are tolerated" in IAFT you are celebrated.

  2. #2
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    Re: Avoiding mistakes in forex trading

    A difficult challenge facing a trader, and the particularly thoase trading e-forex, is finding perspective. Achieving that in markets with regular hours is hard enough, but with forex, where prices are moving 24 hours a day, seven days a week, it is exceptionally laborious.
    Their is this saying "go to where you are celebrated and not to were you are tolerated" in IAFT you are celebrated.

  3. #3
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    Re: Avoiding mistakes in forex trading

    The most common reason why professional and new traders loose money on the forex market. Instead learn from failure, learn how to avoid it. :download:
    Their is this saying "go to where you are celebrated and not to were you are tolerated" in IAFT you are celebrated.

  4. #4

    Re: Avoiding mistakes in forex trading

    one of the comon mistakes that ought to be avoided is that oyu can not enjoy constant wins, it simply goes across with the very concept of trading on Forex. profitable trades do not appear on some fixed time frames, daily or weekly. instead trader must point out when the best moment are and make sure to place bid.
    A man's face is his autobiography. A woman's face is her work of fiction.

  5. #5
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    Re: Avoiding mistakes in forex trading

    Emotions will play against you. Sometimes trade on forex gets so hot that emotions burst out of you. Well it is so but still, you need to cheel out and stay focused. Here patience is key. A traders must get proper learning and practice, going emotional often, as a rule does not allow you it.
    Arguments are extremely vulgar, for everyone in good society holds exactly the same opinion.

  6. #6
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    Re: Avoiding mistakes in forex trading

    Gaan, you have a great point, controlling your anger will have a great deal over your trading. Patients is the key to success.
    Their is this saying "go to where you are celebrated and not to were you are tolerated" in IAFT you are celebrated.

  7. #7

    Re: Avoiding mistakes in forex trading

    Can we predict market's behavior?

    This is one of the most debatable issues among traders. In turns out that to make justifiable forecast one must take into account so many different factors that it becomes physically impossible to process. So let us not waste our time and simply monitor when positive fluctuations begin and ride then at once and when leave before the impulse dries out in order to prevent losses.
    A successful man is one who can lay a firm foundation with the bricks others have thrown at him.

  8. #8
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    Re: Avoiding mistakes in forex trading

    You have a great point. We should grab the opportunity when the market is moving positively and back out when we realises a negative movement. Thanks for that notion.
    Their is this saying "go to where you are celebrated and not to were you are tolerated" in IAFT you are celebrated.

  9. #9

    Re: Avoiding mistakes in forex trading

    Indicators trustworthiness. Surely traders must understand and interpret major indicators, such as RSI, MACD, stochastic, moving averages, but it is absolutely vital to remember about fluctuations and take them into account. It is better to make projections based on events and know market event results in this or that market situation.
    Excellence is not a skill. It is an attitude.

  10. #10
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    Re: Avoiding mistakes in forex trading

    Over leverage- leaverage is a two way street. The brokers want you to use high leverage because that means more spread income because your size determines the amount of spread income; the bigger the position, the more spread income the broker earns. So try to reduce your leverage.
    Their is this saying "go to where you are celebrated and not to were you are tolerated" in IAFT you are celebrated.

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