Disliked{quote} Quite often, the two most prominent reasons behind losing money in trading. Hope you are a more cautious trader now.Ignored
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The one reason that trumps all other reasons why traders lose 262 replies
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Disliked{quote} Quite often, the two most prominent reasons behind losing money in trading. Hope you are a more cautious trader now.Ignored
DislikedIt is good that you have mentioned this topic of fundamental trading. I would absolutely not recommend to any beginner to trade on a news. Even highly experienced traders sometimes make mistake here because of market sentiment.Ignored
DislikedHere are some mistakes traders make when trading: 1. Low start up capital Most currency traders start out looking for a way to get out of debt, or to make easy money. It is common for forex marketing to encourage you to trade large lot sizes and trade highly leveraged to generate large returns on a small amount of initial capital. 2. Failure to manage risk Risk...Ignored
Disliked{quote} I completely agree with you. I personally suffer from refusing to be wrong. Currently I am working on it. Sometimes it causes me problem in my trading decision.Ignored
Disliked{quote} Then i tell them the market is "female" and the more humble you are the more profits you will make as you can cut losses quick and let winners run.Ignored
DislikedI must agree that the hardest thing is to admit to yourself that you are wrong. But in forex trading it could be more than beneficial to a trader. I think that best teacher on forex are your own mistakes, so recognise them and learn from them.Ignored
Disliked{quote} I completely agree with you. I personally suffer from refusing to be wrong. Currently I am working on it. Sometimes it causes me problem in my trading decision.Ignored
Disliked{quote} the most difficult mistakes to correct are the errors of your mind because they fly under the radar. Many traders I've consulted with who struggle in trading tell me things like "I don't know why I did that, or I don't know why i couldn't do that." They just can't figure out what makes them do things, it's like they know they are making mistakes but have no idea how to fix them or stop them. This is also why the minimum requirement is to journal and become an active watcher of yourself.Ignored
Disliked{quote} Maturity lies, in not just trading but in other things too, in accepting when you are wrong, acknowledging the damage done, and making a resolution of not repeating it.Ignored