What's the most common mistake people make when they trade forex?

[dushimes]

Beginner making these Common Mistakes

As a newbie we should always keep in mind that Forex is a risky business and we can loose our money if we will not follow the rules of Forex trading and also we have discipline and control over emotions. So always try to learn forex before proper start.

What do you think of these common mistakes?

Today, I took two trades from the AUD/JPY 5 min chart in the second half of the New York session. Check out this chart: [AUDJPY basing] Since price is at resistance, you have to go short here, right? After all, that’s what the gurus tell you to do. Wait for that magic “pinbar” or “engulfing candle” and go short, short, short. Well, not so fast. The mistake that beginners make too often here is assuming that there is a reversal at every support or resistance level. As you will see, that is no…

Common Trading Mistakes

What are the common trading mistakes which every beginner should avoid?

Learn from Mistakes

What’s the biggest mistake you’ve made while trading forex and how did you learn from it?