Have you Made profits by Mistakes ?

I think this can happen sometimes in trade with forex. especially with Beginners who are still looking for the chance to help make trades. so they always open without profit analysis and when they could get their TP hit by mistake, the market was right for them and no more.

Made profits from our mistakes could happen if we are lucky only so you shouldn't depend on your luck only.
Luck won't come everyday and anytime we need so it's better to prepare what the worst which could happen
so if you made mistakes, your loss won't be too high.

Only few traders who could make profits by their mistakes in forex but mostly traders will experience losses because of mistakes.
So you must prepare good risk management to limit the losses because your mistakes in making decision. I think it's normal if
you got losses because of mistakes.

wahhhh, you are so lucky guys,,, i haven't experience like you all yet,, i hope someday i will :) wish me luck :yahoo: many things can happen in forex,,, mistake make us loss and mistake make us profit,, but the most important things is we know how to minimize our loss..

People that are begginers in forex trading should never trade with a small amount of capital .
This is difficult to problem to get arround someone that wants to start trading on a shoe string
$1000 is a resonable amount to start off with.if you trade very small .Microlots or smaller
otherwise you are just setting yourself up for potential disaster.

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Originally Posted by nilanjan

Yes I have made profits by mistakes too. It was just luck because it goes on my way. If I trade other way then I could have loss. So sometimes luck happens in forex but not very often so we must not depend on luck for our profits. Sometimes but luck will happen too.

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ohh so nice, i called this is sweet profits . but i have never make any profits by doing mistakes about live forex trading and one thing is happened i have made loss for doing mistakes and its couple of time made . then my all invest are falling big losses but i have never recover it but i will recover it very soon.( inshallah)

I had such curious situation where I made wrong trade from my point of view, but in the end it turned out to be profitable, because I closed it when I gained somewhere 20 pips or so. Though I had more losing trades instead of such lucky trades because of my mistake.

yup, sometimes I make mistakes in trading, that is wrong entry or too early to open trading positions. so I had to check all the possibilities by looking at the higher timeframe, in order to estimate whether my free margin is enough to cover that possibility. TP then set close to the price of OP. That's a way to still be able to profit even by mistake Entry.

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Originally Posted by ardiancok

yes there when i was get the order someone ask my and i clik wrong button
iclick blue ,i think i was get a wrong direcction but i cant belived it the statistic get the down ,deep downtren ...
i ferry exited then before geting uptrend , iclose my order ...lol
i got $45 ..wow ....hahahaha
ok thank its my story what your story...

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to trade with one by accident is usually the case to the trader. because when we do the trading, we sometimes lack concentration, making mistakes and do not trade as planned. but due to luck, we get a profit from such trade.

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Originally Posted by Techno

to trade with one by accident is usually the case to the trader. because when we do the trading, we sometimes lack concentration, making mistakes and do not trade as planned. but due to luck, we get a profit from such trade.

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Yes, it's not easy to gain profits from our mistakes because it will depend on condition which is helping you so it's only fortune.
There is no one who could control it so it's not good idea to trade with depending on fortune only.