Over trading is dangerous

[Ross Bourque]

There is often a misconception in the mind of beginners that a foreign currency exchange trader can lead a profitable trading journey by taking participate in more and more trading. One of the most common mistakes that is being committed by majority of the new traders in the forex market: engaging in over trading. When a trader sees the market very closely, started researching and thinking, then inevitably many business ideas started coming to his head.

By this process, a trader may not lose all potential projects that he perceives profitable. But taking participate in several trading at the same period of time, a trader can lose his concentration that is necessary to give on each project. So we have to stop over-trading.

 

[nahiyar]

Do not waste your energy to use just a time by doing excess trading. You may avail any next time try to be focused and find quality results with just 1 or 2 trades at a time. Trading again and again even after getting your targets will also confuse you put you more in greed and emotions. Energy to gain profit from market should diverted associated with getting high skill and management ability.

 

[EURUSD]

Overtrading is such a dangerous habit on forex trading, we will only felt confused how to manage all orders, but also our order will less effective in making the profit because also will get difficulties how to make evaluation trades if we open trades based with emotion only, will better open one trades but get profit rather than open many trades but almost get fail

 

[dianajs]

I agree. It's best to trade when you see a good signal and wait the rest of the time.

 

[bigdolly]

I agree. It's best to trade when you see a good signal and wait the rest of the time.

How do you generate trading signals? Can you recommend any solid approach to trading which generates at least 3-4 signals in a week?

 

[EURUSD]

Now we have seen so many traders that also offer copy trading like as on ZuluTrade there are so many traders want to get a follower if the trader has investor type they can looking the best one trader to copy

 

[alaska27]

Overtrading is a worst issue while trading as it is really difficult to control yourself. You want to earn a lot and it leads you towards bigger lot sizes. Most of teh times it reults into the loss which cannot be handled. have you ever gone through such situation in your career?

 

[EURUSD]

Sometimes, if look on the chart, which price movement seems very clear to predict the trend, it could be leading to trade blindly with using bigger lot size, of course with expectation to making huge profit at short time, but in fact price movement very dynamic, and open with big lot size will possible facing with big floating loss that will influenced on our emotion, this way is not safe trading, so as we can possible to avoid overtrading or greedy

 

[Desacete]

Over trading is the biggest mistake that a trade do for devastating his capital account. You have to trade low, concise, and analytical. It is not a wise thing to put yourself in more uncertainity as far as I think. So, always stay away from overtrading. Thanks!

 

[EURUSD]

Over trading is the biggest mistake that a trade do for devastating his capital account. You have to trade low, concise, and analytical. It is not a wise thing to put yourself in more uncertainity as far as I think. So, always stay away from overtrading. Thanks!

If any trader having trading habit like this, which always over trading without a proper plan, hence will only lead them to get failure, forex trading need a proper plan and we need strategy to manage our money in account trading, as we can possible to avoid overtrading because it will make us so confused how to manage all trades, already many proofs if making more trades not guarantee will make higher profit, most important is accurate trading point