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Thread: Most common mistakes in Forex Trading

  1. #11
    MoneyNVRSleeps is online now FX-Men Honorary Member
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    Cant you put alllllllllllllllllllllll this crap in 1 thread?
    19 threads in a span of 2 pages? Commmmon man..


  2. #12
    jeffcabigao is offline Newbie
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    In addition, using candlestick chart would greatly help newbies to determine it support and resistance. Thereby helping you to use trailing stops and other stop orders.

  3. #13
    UMOFX AIR's Avatar
    UMOFX AIR is offline Newbie
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    Starting of forex with low learning is a common mistake of traders. When they read about earning and make good profits in demo they think they will easily get their targets. They are not enough experienced to manage their risk . Their attempts to gain high profits become a loss.

  4. #14
    vic84 is offline Newbie
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    trading should be controlled according to traders capability its not necessary to trade everyday if you think market is very volatile and its risky for trading then it should be avoided.....

  5. #15
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    Here here!

  6. #16
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    Hi Everyone. I am not sure everyone will understand this problem, but I trade the Asian session on the USD/JPY pair. I am a late afternoon USA/mountain standard time trader. I wonder if anyone has the following problem: normally, when I am watching the Asian market, the Yen strengthens by the nature of the market that time. When the Tokyo market closes, the dollar begin to strengthen. This does not happen all of the time, but there is some truth to the fact that pairs gain or lose according to the trading market they are in. Thus my question is, when a market changes in polarity, the typical practice of shorting or buying a currency becomes more complex. Recently, I have lost over $2,500 in my demo account once the market changed. I had gained $2,200 by anticipating the natural tendency of the market. (i.e the yen strengthens during the Tokyo session and the dollar strengthens during the New York session. I have made a lot of money with this theory. I also have produced a "Correction" theory whereby I buy a currency at the end of "Spike" knowing that the market will correct itself over time. This doesn't always work, but it has provided some high yields. In any event, I was wondering if others think along these lines. I appreciate any feedback.

  7. #17
    ali222 is offline Banned Newbie
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    I think big mistake in Forex is not planning a good strategy and also have no planning and no knowldge. So it is necessary to plan good in Forex.

  8. #18
    Keith504 is offline Banned Newbie
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    In my opinion we should have a good strategy and should follow our strategy if we do not follow it is a big mistake. Also we should have good knowledge about Forex.

  9. #19
    noone's Avatar
    noone is offline Newbie
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    the most important thing for me is psychological. I know a trader one of the banks.., good analys, but no mental. accompanied by an assistant to handle him, he only determine entry and exit levels, then he stayed away for a coffee.

  10. #20
    Alma is offline Newbie
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    Lack of knowledge.

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