-
What is the Number One Mistake Forex Traders Make?
Summary: Traders are right more than 50% of the time, but lose more money on losing trades than they win on winning trades. Traders should use stops and limits to enforce a risk/reward ratio of 1:1 or higher. Big US Dollar moves against the Euro and other currencies have made forex trading more popular than ever, but the influx of new traders has been matched by an outflow of existing traders. Why do major currency moves bring increased trader losses? To find out, the DailyFX research team has looked through amalgamated trading data on thousands of FXCM live accounts. In this article, we look at the biggest mistake ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Dec 8, 2011 5:34pm Dec 8, 2011 5:34pm
- SerpentDove
- | Joined Jun 2008 | Status: Mixed Martial Chartist | 52 Comments
- Comment #2
- Quote
- Dec 8, 2011 5:41pm Dec 8, 2011 5:41pm
- Jle
- | Joined Nov 2011 | Status: Member | 40 Comments
- Comment #3
- Quote
- Dec 8, 2011 7:31pm Dec 8, 2011 7:31pm
- spike00spieg
- | Joined Mar 2011 | Status: Member | 159 Comments
- Comment #4
- Quote
- Dec 8, 2011 8:22pm Dec 8, 2011 8:22pm
- Guest
- | IP XX.XXX.94.62
- Comment #5
- Quote
- Dec 8, 2011 8:36pm Dec 8, 2011 8:36pm
- Conquer11
- | Joined Nov 2011 | Status: Member | 9 Comments
- Comment #6
- Quote
- Dec 8, 2011 11:21pm Dec 8, 2011 11:21pm
- ForExtraPips
- Joined Sep 2011 | Status: Minor crosses. Major pips. | 252 Comments
Time turns trend. - W.D. Gann
- Comment #7
- Quote
- Dec 9, 2011 4:25am Dec 9, 2011 4:25am
- tranco
- | Joined Sep 2010 | Status: Member | 526 Comments
- Comment #8
- Quote
- Dec 9, 2011 4:50am Dec 9, 2011 4:50am
- Jey
- | Joined Jun 2009 | Status: Market Slave-Overworked/Underpipped | 1 Comment
I have seen the enemy, and it is me.