10 Most Common Mistakes in a Trading!

10 Most Common Mistakes in a Trading!

 

During my forex investor career, I have noticed many mistakes that are made by novice and even advanced investors. Of all the mistakes I will address a bit about the most common mistakes made by investors in general and how to avoid them.

1 - Negotiate if you are only interested in others' opinions

You will never learn to base all your decisions on the opinions of others. It is healthy to compare your strategies with those of colleagues if you know what you are doing. Successful Traders Generally Make Their Own Decisions

 2 - Negotiate in excess

Even the best make that mistake. It is better to miss an opportunity than to lose capital.

 3 - Negotiate without stop loss

You can do well a few times, if you continue trading forex stop loss, you will lose large amounts. I say this from experience.

 4 - Negotiate to recoup the loss.

Needless to say, but whenever you try to trade to make up for a loss you end up taking unnecessary risks in unthoughtful trades.
# 5 - Negotiate for fear of losing a potential profit

Also known as greed. You should already know that fear and greed are the ingredients of failure.

# 6 - Afraid to make a loss and move on

The best forex traders do damage naturally since they know that it is part of the deal. Learn from them.

# 7 - Negotiate just for negotiating

Trade only when you have a potentially profitable strategy.

 8 - Do not have an exit point based on the number of pips or price level

If you do not know the exit point it is better not to enter.

 9 - Convince yourself that the market will reverse when the graphics say otherwise.

This behavior is very risky, because although technical analysis is not always right, it is your best weapon.

 10 - Not having an effective strategy for unexpected news

World events change the direction of business unexpectedly and even changing trends. It is necessary to have a specific strategy because, because of the speed of market movements, a quick decision can be the difference between profit or loss