Earn up to
$50000
for inviting friends
to get StartUp Bonus
from InstaForex
No investments required!
GET BONUS
55%
from InstaForex
on every deposit
  • Amazed
  • Amused
  • Angelic
  • Angry
  • Asleep
  • Bashul
  • Bitchy
  • Blah
  • Bored
  • Breezy
  • Brooding
  • Busy
  • Buzzed
  • Chatty
  • Cheeky
  • Cheerful
  • Cold
  • Confused
  • Cool
  • Crappy
  • Cynical
  • Daring
  • Dead
  • Devilish
  • Doh
  • Doubtful
  • Drunk
  • Fine
  • Flirty
  • Goofy
  • Grumpy
  • Happy
  • Hot
  • Hungover
  • Innocent
  • Inspired
  • In_Love
  • Lonely
  • Lurking
  • Mellow
  • Paranoid
  • Pensive
  • Psychedelic
  • Relaxed
  • Sad
  • Scared
  • Shocked
  • Sick
  • Sleepy
  • Sneaky
  • Stresses
  • Tired
  • Twisted
  • Worried
  • Yeehaw
  • Reply to thread
    Page 2 of 4 1 2 3 4
    Results 11 to 20 of 33

    Thread: Overview: Avoidable mistakes forex day traders make.

    1. #11 Collapse Post
      Forum Master
      I am:
      ----
       
      dtvade has a reputation beyond repute dtvade has a reputation beyond repute dtvade has a reputation beyond repute dtvade has a reputation beyond repute dtvade has a reputation beyond repute dtvade has a reputation beyond repute dtvade has a reputation beyond repute dtvade has a reputation beyond repute dtvade has a reputation beyond repute dtvade has a reputation beyond repute dtvade has a reputation beyond repute dtvade's Avatar
      Posts
      6,701
      Accrued Payments
      3659 USD (What is this?)
      Thanks
      10,782
      Thanked 5,147 Times in 2,841 Posts

      Default

      Almost all the mistakes that anyone can mention are all avoidable if one will be willing to exercise discipline and determination.Such mistakes are;
      a.Having inadequate knowledge of the business in terms of technical analysis,fundamental analysis and market psychology and this may lead to having a poor strategy that cannot deliver profits on a consistent basis
      b.Improper money and risk management-This leads to unreasonable use of lot sizes and over-trading
      c.Poor planning and poor preparation and many times this has to do with bad state of one's psychology
      d.Poor correlation because all the pairs have correlation factor not 100 percent always
      e.Not sensitive to news release


    2. For the posts posted after 02.03.20 the likes will be displayed after 02.05.20.
    3. #12 Collapse Post
      MT5 Veteran
      I am:
      Buzzed
       
      standart has much to be proud of standart has much to be proud of standart has much to be proud of standart has much to be proud of standart has much to be proud of standart has much to be proud of standart has much to be proud of standart has much to be proud of standart's Avatar
      Posts
      4,041
      Accrued Payments
      784 USD (What is this?)
      caught pokemons
      1 (What is this?)
      Thanks
      890
      Thanked 1,173 Times in 536 Posts

      Default

      Locking, hedging, stop loss, is a logic touch of a high risk prevention. while traders know how high the risk is, and how it potentially, can rule over consecutive chain of bad result, the good one is trade by use stop loss, or measurable aversion, by limit the lot size per trade. locking is a different style approach which it don't tease trader over the short big profit but tried to elaborate the prime value of highest and lowest price without rest to make order floating. unless, the price at remain balance value where trader starting to lock. day trader is an approach that main momentum is what they are chasing toward, and tried to measuring changes on the price movement as well. and what traders late to catch is a typical risk which they are face to deal with. riding late momentum or false to read changes, are both relevant mistakes those day trader will facing.

      So, with or without much confidence left on your past exploration, you'll act according;
      1. Rational stop level, according to capital expected loss ratio.
      2. When you go with trade system, it varies, you will sign to cut the loss according to your own specific range understanding.


    4. For the posts posted after 02.03.20 the likes will be displayed after 02.05.20.
    5. #13 Collapse Post
      MT5 Maniac
      I am:
      Cool
       
      AHT has a reputation beyond repute AHT has a reputation beyond repute AHT has a reputation beyond repute AHT has a reputation beyond repute AHT has a reputation beyond repute AHT has a reputation beyond repute AHT has a reputation beyond repute AHT has a reputation beyond repute AHT has a reputation beyond repute AHT has a reputation beyond repute AHT has a reputation beyond repute AHT's Avatar
      Posts
      3,011
      Accrued Payments
      1343 USD (What is this?)
      Thanks
      2,417
      Thanked 2,393 Times in 1,253 Posts

      Default

      We know forex need proper discipline and need very good trading skill. If we can manage it then we can make very good trading here. but we need to mind most of the trader make loss for silly reason and that can easily removable. When a trader trade with little learning they can increase it and then they can join in real trading business. Lack of proper trading skill is one of the reason for losing in forex market. beside this lack of confidence can lead us failure in forex. but we need to mind this confidence, learning , skill we can manage it easily. We also face problem in discipline , patience. And lack of this patience and discipline we make many loss. a trader can easily avoid this problem and can make very good return here.


    6. For the posts posted after 02.03.20 the likes will be displayed after 02.05.20.
    7. #14 Collapse Post
      MT5 Veteran
      I am:
      Inspired
       
      Yusfunoble has a reputation beyond repute Yusfunoble has a reputation beyond repute Yusfunoble has a reputation beyond repute Yusfunoble has a reputation beyond repute Yusfunoble has a reputation beyond repute Yusfunoble has a reputation beyond repute Yusfunoble has a reputation beyond repute Yusfunoble has a reputation beyond repute Yusfunoble has a reputation beyond repute Yusfunoble has a reputation beyond repute Yusfunoble has a reputation beyond repute Yusfunoble's Avatar
      Posts
      3,866
      Accrued Payments
      1610 USD (What is this?)
      Thanks
      3,123
      Thanked 3,274 Times in 1,788 Posts

      Default

      Fail to plan and you plan to fail; we all know the significance of planning before we do something, and in forex trading - planning is every thing. Planning about trading isnít enough, you need to meticulously plan what to do during those trading and how to end the position. A trading plan will help you ascertain when to make a position, abort an unsuccessful trade, and how much you should risk.

      Adding to an unprofitable trade; many at times forex traders are so confident of their trading approach that they donít see whatís in front of them. Imagine a scenario where you opened a bid order, however the market moved down. But youíre so confident of your action that you increase the size of your trade hoping the price will go up. The fact is you will incur more losses, always try not to add to a losing position.


    8. For the posts posted after 02.03.20 the likes will be displayed after 02.05.20.
    9. #15 Collapse Post
      FX Vampire
      I am:
      Happy
       
      Danosahon is a glorious beacon of light Danosahon is a glorious beacon of light Danosahon is a glorious beacon of light Danosahon is a glorious beacon of light Danosahon is a glorious beacon of light Danosahon is a glorious beacon of light Danosahon's Avatar
      Posts
      1,980
      Accrued Payments
      586 USD (What is this?)
      Thanks
      658
      Thanked 646 Times in 422 Posts

      Default

      Lack of planning and lack of money management will cost the forex traders so much in the forex business because they don't know what is expected from them in the market, if we are trading this business without getting something that would make sense, that can increase our losses anticipated traders always have what they want to accept without failure to gain it, the way we trade can determine our expectations because we are that traders that don't understand the business, sometimes we are therefore quickly to make decisions so that our accounts can grow, although we can make another decision to gain successful completion of our business in the next few weeks, there will be issues to be engaged and overcome before we move ahead with successful trading.


    10. For the posts posted after 02.03.20 the likes will be displayed after 02.05.20.
    11. #16 Collapse Post
      Forex in the blood
      I am:
      ----
       
      Ritalori will become famous soon enough Ritalori's Avatar
      Posts
      309
      Accrued Payments
      76 USD (What is this?)
      Thanks
      57
      Thanked 77 Times in 48 Posts

      Default Overview: Avoidable mistakes forex day traders make.

      One mistake that traders make all the time is not using stop loss and that is the reason why they keep getting frequent margin calls especially those who trade with high lot size,your risk can not be high and you refuse to use stop loss,a little move against you and you are already getting margin call alert,another big mistake is going into live trading without a good trading plan,without a good plan earning will be a mirage,the best that can happen to you is win some and lose a lot of others,it is your trading plan that will give you direction about what you want to achieve in the market over a period of time .


    12. For the posts posted after 02.03.20 the likes will be displayed after 02.05.20.
    13. #17 Collapse Post
      My pips hand is weak
      I am:
      ----
       
      Ediouscal is on a distinguished road Ediouscal's Avatar
      Posts
      123
      Accrued Payments
      41 USD (What is this?)
      Thanks
      33
      Thanked 30 Times in 22 Posts

      Default Overview: Avoidable mistakes forex day traders make.

      For me lack of proper planning encapsulate every other mistakes a trader does, that is the root cause of everything, planning is key in Forex trading, your plan must be intact all the time, there is no room for error as far as Forex trading is concerned you must not only have a plan but a genuine plan,a plan that is tested and trusted by the trader,that is the only way a trader can make head way, the issue of stop loss and every other mistakes falls under the plan,if there is a good trading plan the issue of stop loss will be taken care of easily, the worst mistake that any trader will make is not having a solid trading plan to trade with.


    14. For the posts posted after 02.03.20 the likes will be displayed after 02.05.20.
    15. #18 Collapse Post
      FX Super Hero
      I am:
      ----
       
      merishkhan has a brilliant future merishkhan has a brilliant future merishkhan has a brilliant future merishkhan has a brilliant future merishkhan has a brilliant future merishkhan has a brilliant future merishkhan has a brilliant future merishkhan has a brilliant future merishkhan has a brilliant future merishkhan has a brilliant future merishkhan has a brilliant future merishkhan's Avatar
      Posts
      1,299
      Accrued Payments
      203 USD (What is this?)
      Thanks
      890
      Thanked 1,890 Times in 838 Posts

      Default

      the mistakes of traders which the day trader do during trading faces losses we need to mark them and remove them to make trading easy and safe for us
      1 lack of market knowledge which is necessary and helpful for us
      2 against money management the traders get loss because they not follow money management this risky for us
      3 trading planing is important and impressive thing and its impact on our trading very high we need to make plane first and then trade in market the traders get loss they have no plane for trading
      4 trade with emotions result loss and it make risky trading for us we compulsory to avoid our emotions
      always learn by mistakes and remove them for long time work
      these things are gives loss and make trading difficult if we command on these things trading is easy for us


    16. #19 Collapse Post
      FX Super Hero
      I am:
      Yeehaw
       
      Osas is a glorious beacon of light Osas is a glorious beacon of light Osas is a glorious beacon of light Osas is a glorious beacon of light Osas is a glorious beacon of light Osas's Avatar
      Posts
      1,426
      Accrued Payments
      227 USD (What is this?)
      Thanks
      609
      Thanked 600 Times in 360 Posts

      Default

      In as much as we understand that mistakes are normal in the forex market, still there are some that we can automatically avoid because they are responsible for causing us so much pain at the end of the day, although people believe that they can earn something spectacular from the market, their actions and responsibility are what tells us their real intentions in the forex market because that is where we are going to encounter something that would make sense or cause us to have losses, before we engage in something that involves money, we should always do our research prior to that time because we want to prevent different losses and many negative consequences that we could experience from trading forex.


    17. For the posts posted after 02.03.20 the likes will be displayed after 02.05.20.
    18. #20 Collapse Post
      It's time to retire!
      I am:
      Cheerful
       
      adewale has a reputation beyond repute adewale has a reputation beyond repute adewale has a reputation beyond repute adewale has a reputation beyond repute adewale has a reputation beyond repute adewale has a reputation beyond repute adewale has a reputation beyond repute adewale has a reputation beyond repute adewale has a reputation beyond repute adewale has a reputation beyond repute adewale has a reputation beyond repute adewale's Avatar
      Posts
      19,965
      Accrued Payments
      5697 USD (What is this?)
      caught pokemons
      6 (What is this?)
      Thanks
      13,030
      Thanked 12,798 Times in 4,300 Posts

      Default

      Mistake that we could have avoided as we trade in the forex business including trading without discipline, followed by news trading are extremely dangerous things that can't result in such things as success for us at the end of the day, one of us of the things that will make us gain different advantage in the forex business is to trade with the forex business as though we are doing a business, if we should make ourselves to have another approach, that can increase our issues in the forex business and make our accounts to experience constant drawdown which is unacceptable to many traders whenever you can make something important happen in the future, that will increase the propensity to make considerable profit.


    Reply to thread
    Page 2 of 4 1 2 3 4

    Posting Permissions

    • You may not post new threads
    • You may not post replies
    • You may not post attachments
    • You may not edit your posts