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    Thread: Common mistake (Part 11)

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      Default Common mistake (Part 11)

      Forex trade so high risky business so every trader should not any mistake because a little mistake can be a big problem and can be zero account so take every entry be careful and need to control emotion and need to be patience.

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      Quote Originally Posted by annasawan View Post
      as we know ninety five percent of traders loose their money and remaining five percent of are gainers so why this is happening ? that the most are looser ? their is must that they are make some big mistakes that are common reason for loosing so whats that ? according to my vision some of common mistakes are as
      decepline
      money management
      taking risk by taking big lot size
      have you know any other common mistake ? yes you know surely you know so please share with newbies
      in my opinion common mistake is greed and i have trade since one year in this market and i dont have make any good money i think that we just steal trade dispite we know that we will lose evrytime we change good plan and try to make good money

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      Quote Originally Posted by RASTA View Post
      not uncommon to find many traders will lose their trade with the trade they do poorly on an analysis so that we indeed have a lot to learn in this trade with a better analysis so that the analysis we will be able to better habits suppress any errors that occur in this trade
      Even if you make mistakes while you are trading then you can try to correct on that mistake and try your best not to let it repeat again.Just the thing that the traders in forex are always in a need of is to understand the trades properly and not perform too many mistakes.

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      In my point of view and experience, common mistakes are;
      1- Lack of Knowledge.
      2- Lack of Sound Money Management.
      3- Taking forex as get-rich-quick scheme.
      4- Finding a magic indicator to be millionaire.

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      the mistakes we make as a trader in this business depend on the kinda understanding we have on the market,knowledge and understanding play a vital but majorly the mistakes traders make is from their kinda trading analysis,if our analysis is wrong we sure to lose the trade

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      Quote Originally Posted by dkarev View Post
      the mistakes we make as a trader in this business depend on the kinda understanding we have on the market,knowledge and understanding play a vital but majorly the mistakes traders make is from their kinda trading analysis,if our analysis is wrong we sure to lose the trade
      lack of understanding and discipline to the management of money can make us fail in a short time. therefore it would be better if we still remember and discipline to manage the money we have invested. because it can make us become a successful trader

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      Default

      Forex trade so high risky business so every trader should not any mistake because a little mistake can be a big problem and can be zero account so take every entry be careful and need to control emotion and need to be patience.
      the most common mistake the Forex trader do is they are not prepared with a plan,and they often think let this trade do with higher lot and make a lot profit,but you need to maintain the money management no matter what happen and you should always use the stop loss ,other wise you will sure suffer from that
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      Quote Originally Posted by **aiden View Post
      the most common mistake the Forex trader do is they are not prepared with a plan,and they often think let this trade do with higher lot and make a lot profit,but you need to maintain the money management no matter what happen and you should always use the stop loss ,other wise you will sure suffer from that
      I agree with you, the size of the desire to make a profit in a short time can be termed as excessive and greedy attitude can make us go bankrupt in no time. so I suggest you to understand forex trading before deciding to invest in foreign exchange market

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      The biggest mistake a trader would make is choosing to trade big lots as against small lots and also or most common mistakes are avoiding stop loss use with the fear that stop loss will reduce capital. It is better that capital gets reduced than lost.

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      yes you are right and there are some other things also involves such as,lose of emotions and trade blindly with out understanding the market condition and play without good strategy is also an important factor for loss.

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