5 Mistakes to Avoid

carnelian

Private
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204
To survive in forex market we need proper learning and practice of trading . I give importance to take low risk we should avoid high risk in trading because it increases dangers of loss, then avoid emotional trading attempts and hurry in trading.
 

ForexVerified

Private, 1st Class
Messages
582
To survive in forex market we need proper learning and practice of trading . I give importance to take low risk we should avoid high risk in trading because it increases dangers of loss, then avoid emotional trading attempts and hurry in trading.
True, limiting risk is the key factor for long term success. Unfortunately, it will only prolong the inevitable (blowing up your account) unless you develop a solid trading strategy that makes more money than it loses.
 

EURUSD

Sergeant Major
Messages
1,133
True, limiting risk is the key factor for long term success. Unfortunately, it will only prolong the inevitable (blowing up your account) unless you develop a solid trading strategy that makes more money than it loses.
Beside as trader need risk management also they must learn to making better analysis, will eventually get fail if in trades always suffering with loss, although hit stop loss if always many times get loss it can posisble get margin call account
 

JeremySultan1

FiboGroup Multi
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53
I've understood that sober assessment of a situation and calm can protect you from losses. Keep patient and don't do abrupt movement
 

ForexVerified

Private, 1st Class
Messages
582
You mean sometimes its necessary to risk and act intuitively?)
Every opened trade brings the risk of losing money. What I meant is not to act compulsively but stay calm and avoid trading the same day if you suffered losses (by attempting to recover them).
 

JeremySultan1

FiboGroup Multi
Messages
53
Every opened trade brings the risk of losing money. What I meant is not to act compulsively but stay calm and avoid trading the same day if you suffered losses (by attempting to recover them).
ah, yes, sometimes there are days that are realy bad for trading.
 

JeremySultan1

FiboGroup Multi
Messages
53
I agree, in such cases it's really better not to trade,I know it from my own experience, there were unlucky days when I tried to do better, bought and sold and my losses grew. sometimes it's better to be just a spectator.
 
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