Forex mistakes and sins.

[rudiandi]

Forex is a business that is very risky and loss is a very common thing. We should not work well on forex, so we should not get money from other parties. Small mistakes are very dangerous in the forex trading business. so we have to work very carefully.
The forex market is a big market. In my mind that mistakes are dangerous. We try to avoid mistakes. Instead we are good preforms and we are successful traders. We can put good points and make a profit. We work a market experience base and we are a good job and the error is zero.

[aswaja]

no double I really believe that if you want to succeed in forex trading then you have to take risks and I'm not talking about taking risks without knowledge You have to take a minimum and this can only be done using all the knowledge you have, then you can trade properly. Of course that for me, I want to believe that many traders often make the same mistakes again and again. For example, trading using large lotsize without stopping losses. A few years ago, I really made this mistake again and again, even though I had a margin call, but I still made the same mistake. It is very important to learn from our mistakes and never make the same mistakes again

[sakigbest]

forex mauin sab sabdi mistqake jo hum kertay hain wo ya hai ka hum iss main lach ker jatay hain orr jald bazi kertay hain jis sa hum ko bohat zayd loss ho jata hai iss sa batchnaty ka hum ko ap[na koi ustad dundhnqa chaya jo hum ko guide keray iss sa hum ko loss bophat kam ho gaa werna hum loss main dubh jain gaaa

[zahid2016]

Forex main jo jo mistakes hain un pe kam karna bohat zaruri hai tab hi hum forex main perfect ho skte hain Forex ki market main forex mistakes and sins apne mind main rakhna bohat hi zaruri hai forex ki market main perfect situation ko handle karna sahi ha.

[baniqayyum]

There is a money management strategy floating around worth mentioning here. It’s called the “martingale strategy.” Popularized in the 18th century by French mathematician, Paul Pierre Levy, the martingale system was originally a betting style based on the premise of “double down.”

The strategy goes like this.

Each time you’re hit with a loss, you double your bet so that the next time you do win, you will win back the money you’ve lost plus more.

I’ve seen a lot of traders apply this martingale strategy to their Forex trading. By doing so, they believe by stacking trades up every time price moves against them, the market will surely reverse soon, turn around, and they walk away with their losses recovered with some extra gains on top of that.

This type of trading fuels a level of greediness which will cloud the trader’s judgment. When the market moves against them, they just keep stacking up the trades against price movements in anticipation of a major reversal soon.

The market just keeps going most of the time. It gets to a stage where the trader has stacked up so many trades in the negative they ‘are in too deep’. Bailing out now would be catastrophic. They NEED that reversal to happen so they don’t such a huge hit, so they foolishly hold on.

There is of course the chance the anticipated reversal may eventually occur in their favor and the martingale system plays out as planned, but what if it doesn’t?

There is just as good of a chance there will be no reversal, the trader’s account will eventually be margin called by the broker and all open trade will be automatically closed. So using the martingale strategy is a major Forex trading mistake in the money management department. Martingale strategies can destroy an entire trading account in one costly blow.

margingale myfxbook performance

Don’t fall into the trap of believing that a losing trade is going to turn around. If the trade is not working out the way you planned, this is the time to kindly ask your whiny inner child to step out of the room while you tap into the rational side of your brain.

This is why we use stop losses with our trade. It’s there to render a trade invalid in case we decide it’s not in the best interest to keep the trade active.

Loss in life is inevitable, and you’ve got to accept it. Losses in trading are just the same. When you see a trade that is heading south fast, really fast, do you break out in a sweat.

In a regular down the street small business, the owner has to factor in losses into his business plan. There are many ways a loss to a regular brick and mortar business may occur, like out of date stock, theft, the freezer shuts down ruining the product.

These losses have to be anticipated and planned for accordingly. Forex is no different. You must anticipate trading losses will happen and accept them without letting your emotions get the best of you. It’s a common Forex trader mistake to believe all losses are avoidable.

Just because you get stopped out in a trade it doesn’t mean you are a bad trader. In fact, many professional traders have a 50% stop out rate. These guys use positive risk/reward ratios to help negate any stop outs that may occur. It’s the simple strategy of making sure winning trades always outperform losses.

Face it. You just have to accept that some trades are like your ex-college cheerleader girlfriend. They’re not coming back and holding on is a really big Forex trading mistake.



FOREX TRADING MISTAKE #2: Trying to Pick Tops and Bottoms
chasing money is a common forex trading mistakeAnother Forex trading mistake is when we see far too many traders fall into is trying to pick tops and bottoms. Why are you likely trying to pick a top or bottom?

You may think the current price level offers a strong support/resistance level leading you to believe you are absolutely convinced a reversal is about to take place. Or, you may feel that the price has moved all it is going to move, and surely this is where the reversal will happen. Or, you think the price action has stalled out, and now this is where the reversal will kick off.

This is a forex trading mistake because, while you can hone your skills and techniques to make educated trades, there are no guarantees. We always use price action candlestick patterns confirmation and tie it in with our market analysis to identify low risk, but high potential, return trades.

Eventually market moves will reach a point of exhaustion when most traders are “all in,” and this is when the pair will begin to make a turn around. To be safe and increase your odds, it’s better to trade during trending conditions as well as in the direction of the trend.

You have likely heard the phrase, “The trend is your friend.” Think of the market like a herd of cows. Typically, the cows like to all stomp along in one direction. When the herd goes left, you go left. When the heard go right, you go right. The cows that try to “move against the herd” end up getting trampled, bloodied, and bruised. In trading, go with the herd until off course you’re damn sure the herd is about to turn around.

cow herd

[khelex]

I just found mestake is a teacher of every one of us making mistakes in your trade .. Everyone does this ... even skilled traders make big mistakes in their trade .. But make the same mistakes again and learn nothing from mistakes You are a bad thing .. This is why no matter what you do, you have to analyze your mistakes so you can learn and also get from people in your future trading.
There are many mistakes and sins that we do but very common mistakes that traders make when trading on the Forex market and things they know but they will not try to avoid it because they have to make big profits in a short time so one of the bad mistakes what they do.

[surjamal]

think of the easiest problem to think about when you lose and win, the loss of mercantilism doesn't seem to be completely flawed. The only drawback, as in Forex is not for sets. I feel so long, how to handle the set, you are right, if you are not mistaken and good instructions have been given by friends so we must follow these instructions so that we can get good profits from this business. These instructions are the basis for being a good trader. Most of us make this mistake and we have to face huge losses.

[garlick]

mistakes are very common in forex trading. to learn forex trading needs to receive errors. By solving the error reason it is possible to learn forex trading. we have to accept mistakes in trade and we can learn quickly if we learn from our mistakes and experiences we get from mistakes we remember forever. I regard every mistake as a mistake but when we meet with the same mistake again and again at that time it is a sin to our trade.

[yumna]

Gambling is one of the biggest mistakes in forex marketing by forex traders and this is very often repeated. Motorists think that they do not get a signal and in the emotional trade they just choose to risk a market that produces one or more for successful trading but one losing trade eventually blew its account and trades without knowledge just like a blind run without a stick. Knowledge that we get from education or training is not a major indicator that should be better understood. psychology plays a big role in trading. I am natural, the analysis is correct, but fear the OP. often occur.

[natsir]

firex is a very smart business and most people trade with forex to earn money from the forex market. they are very greedy and this is the main mistake of forex traders. and it is their sin to incur losses and deviate in our account. we must avoid mistakes in forex business. and we will make a mistake when trading in the forex market but we have to keep one thing in mind that we should avoid it and if we do not do it then we can easily lose our balance so try to avoid such mistakes if you have to get good income