What is the big mistake?

Naxramos

Recruit
Messages
117
In my opinion, newbies' biggest problem is that they lack patience. As a rule, just after the first losses the majority leaves the market.
 

MarryLo

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Messages
50
Traders are always advised to stick to one strategy and do not panic if it goes wrong 2 or 3 times of 10 trades. But if it does not work consistently then you have to change your strategy and build a new one.
 

downtrend

Sergeant
Messages
857
Patience is really less in almost all traders. We just open a terminal and start trading normally. There is a big need for patience before start trading, as people go to live account very early they had no patience to have more practice. Then they not wait for a proper time of trading do trading with poor analysis. It is a big mistake when one not develop patience in him.
 

dianajs

Private, 1st Class
Messages
778
Traders are always advised to stick to one strategy and do not panic if it goes wrong 2 or 3 times of 10 trades. But if it does not work consistently then you have to change your strategy and build a new one.
True. Strategies don't tend to be 100% successful, but when the successes are much more numerous than the failures than the strategy works. However, one should not be afraid to change and adapt if their strategy is not working.
 

EURUSD

Sergeant Major
Messages
1,133
True. Strategies don't tend to be 100% successful, but when the successes are much more numerous than the failures than the strategy works. However, one should not be afraid to change and adapt if their strategy is not working.
I think there are no perfect strategy in forex trading, sometime we facing with difficulties on certain condition, but we can learn from our experience how to making betterment strategy to overcome many kinds market condition which full uncertainty, need trial and error to learn this
 

dianajs

Private, 1st Class
Messages
778
I think there are no perfect strategy in forex trading, sometime we facing with difficulties on certain condition, but we can learn from our experience how to making betterment strategy to overcome many kinds market condition which full uncertainty, need trial and error to learn this
Every strategy has its flaws and strong sides, the important thing is to find the strategy that suits the best as individuals.
 

EURUSD

Sergeant Major
Messages
1,133
Every strategy has its flaws and strong sides, the important thing is to find the strategy that suits the best as individuals.
Yes you right we will choose strategy that suit with our soul, sometime we reading from another trader strategy seems very profitable, but when we try it still getting failure because different psychology and making us not comfortable to trade, so we also need using risk management here
 

Desacete

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156
The biggest mistake anyone in forex trading can do is continuously changing their trading strategies. Another big mistake is that people get patient and let greed get in the way of their thinking. Any other big mistakes you think people make.
 

scott11

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Messages
127
When the loss happens many trader do a mistake to recover it by taking a risk. There is only one percent chance they became successful. This is very wrong thing they do they should have to do some small moves with small investments to recover the loss.
 

EURUSD

Sergeant Major
Messages
1,133
Its rare trader that having 100% winning trades, if there exist I think only a few traders, in fact so many traders can`t maintain performance to making consistent profit, loss still occurred on certain time, but we can learn how to develop our strategy and find big mistake on trading, usually greedy or be trading with high-risk taker is one reason why trader getting quick loss or margin call account
 
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