Forex mistakes and sins.

[chocho2008]

Can summarize all of these points in a very important point not only is greed

[esif]

forex mistakes and sins.

That is quite beautiful list of fact in trading and i agree to that, and also i have learned some really good things from the forum and that is like, Don't be confident with your trading, risk 2% of capital, keep a reserve for a good entry possibility etc...

[sweetrevenge88]

Problems with greed is a common problem among traders new and old alike. They tend to repeat the same problem because greed looks to be more powerful than their self control. Takes a long time before greed can be controlled,starts disciplining yourself so that you can control your greed.

[antnetwork]

I do not believe that forex has any problem. Except any technical error or speed problem there is nothing mistake in forex. Only people can make their functional mistakes and assign it forex problem. We need to find out our problems and must try to overcome on it.

[hitcola]

I think that the first sin is that we don't focus on trading with one thing! << Learning one thing, learn it well, do it over and over again >> that is the best wisdom I heard on this market and I should do it

[roopesh11]

Ek din mujhse ye galti ho gaya tha trading ke waqt ki mai position ko modify karne ke bajay usko close kar diya ye achanak mujhse ho gaya. Mai jab baad me dekhe to mera 153$ loss ho gaya tha. ye mera bohot bada galti tha. Abhi mai sab kuch check karke karta hun.

[emir]

Many traders fail because they do not run the discipline in trading. Discipline is a major problem in conducting the transaction. Lots of traders who have failed and spent thousands and even millions of dollars and then aware of the meaning of a discipline

[hendarto]

I think a mistake in trading there are two kinds, first of ourselves both from the outside. losses are not necessarily wrong. The only mistake you make in forex is to follow your plan. I think as long as you follow your plan, you are right, if you do not you wrong. for that we must remain focused in the analysis. because I think a lot of traders make the mistake of carelessness yourself.

[Cowboy]

huge and made a very large description about forex lose and sin.when we expect huge amount profit in trade then we use huge risk in trade.And for such a sin traders lose their money and leave forex forever.

[blackmamba]

Top 10 forex Trading Mistake's

1. Trading with indicators and fancy tools

2. Not fully understanding and implementing risk / reward

3. Not understanding position sizing

4. Not having a Forex trading plan

5. Gambling instead of trading

6. Allowing emotions to cloud judgment / giving into emotions

7. Not having patience

8. Not trading higher time frames

9. Over-trading / being too involved

10. Not taking profits

Top 06 forex Trading Deathly Sin's

1. Reliance on the Experts.
2. Setting the wrong goal and trading target.
3. ot paying proper attention to drawdown.
4. Forgetting to practice, practice, and practice.
5. Falling in love with a trade.
6. ot checking your emotion.

5. Gambling instead of trading
a person will not in gambling instead of trading then he is in the state to risk all of his money to loss, if he is a trader who follow the strategy, adopted by the analysis of currency movements. and can predict what will happen next. then hee are not a casino trader