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    Thread: Mistakes are just because lack of knowledge and experience

    1. #1 Collapse Post
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      Post Mistakes are just because lack of knowledge and experience

      Mistake are just because of lack of knowledge and lack of experience in Forex trading if we have not experience and knowledge about the Forex trading then we will make so many mistakes in Forex trading and can't reduce our mistake without goods skills if we increase our knowledge in Forex trading then we will be able to manage our account and our mistake will be reduced to zero, we can easily reduce our mistake with the help of demo account because we are regular practice and demo acount and have evaluation of ourselves and every day then our mistake level will not be increase in real trading it will be important for all the traders that they should evaluate themselves what was the reason of mistake in real trading.


    2. The following 4 users say Thank You to Randavasingh for this useful post.

      Munda 420 (11-20-2019), ShahzadGul (11-19-2019), Unregistered (2)

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      yes you are right. but the biggest problem of trader is patients. we have not any patients. if we open a trade and our trade will go in profit around 30 dollar. and suddenly the trade will go against us we will close the trade. and than market will again go to our side but there will be to late. why because we have not any patients.


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      mistakes come due to inability to take the right decisions of trading and so the trader could not be able to know where to set the orders in the proper positions and so he will do mistakes all time or most of time and will not be able to trade well always, forex requires a good trader that knows how to take the right decision in the proper time and so he can succeed and avoid failure.


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      Hello dear members, Hope all of you are fine and enjoy your work here. Yes dear you are right that we commit mistakes because of lacking experience and knowledge, but in my opinion it's not true always, a successful and experience trader can also commit mistakes. Trading is so unpredictable and there come changes in the trading market every time, one must keep himself updated and aware of the trends.


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      Quote Originally Posted by Randavasingh     
      Mistake are just because of lack of knowledge and lack of experience in Forex trading if we have not experience and knowledge about the Forex trading then we will make so many mistakes in Forex trading and can't reduce our mistake without goods skills if we increase our knowledge in Forex trading then we will be able to manage our account and our mistake will be reduced to zero, we can easily reduce our mistake with the help of demo account because we are regular practice and demo acount and have evaluation of ourselves and every day then our mistake level will not be increase in real trading it will be important for all the traders that they should evaluate themselves what was the reason of mistake in real trading.
      Traders make several simple mistakes that can otherwise be avoided, and they lose a lot. Traders, especially newbies, should ensure they get as much trading education as possible. You don't have to buy, in fact, bought education is often very useless. Just get them on free forums like this useful thread. One of the worst mistakes traders make is having a very big ego that makes you trade without stop loss.
      Without Patience Trading Is Not Possible


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      Default Lake of knowledge

      Yes my dear friend I agree with you lake knowledge and experience is the basic reason to do mistake. If you have knowledge and experience about reading then your mistake percentage will be minimise.


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