{quote} Yes, and the mistakes are very common like over-trading; over-lots; so many trading pairs etc! So; following this type of thread is also useful!
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Revenge trading is also a huge mistake that a lot of people with various degree of experience make, unfortunately.
You learn trading first. Then you lose some money when you start trading. After having some experience you start earning money. That happens to everybody.
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Joined Mar 2016
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In trading, ever trader first face loss so he learn how to deal with loss, then he tries to recover it. So forex is learning process, which never ends.
{quote} True; when a new traders lose a trade by a buy trade (suppose) then they open sell trade immediately to recover the lose; without any analysis!
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I've been there and done that as a newbie, it's such a bad decision to make.
Every time we learn from mistakes. Not only learn we gain lot things. Experience, Pressure handling skills, new methods etc. problem is most traders do these mistakes several times. Sometimes every time. Because they do not analyse there mistakes. We need to analyse our mistakes to understand and to learn from that mistakes. If we do not analyse we will learn nothing. That is why we should keep a trading journal and should analyse every mistakes deeply. then we can learn from it and we can avoid same mistake in future as well as we can use those to think another way.
People don't care about what you say, they care about what you build
In trading, ever trader first face loss so he learn how to deal with loss, then he tries to recover it. So forex is learning process, which never ends.
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agree with you! learning is for forever in forex doesn't matter for how long you have been here. i think we stop learning only after we get perfection in something and in trading no one can be perfect
{quote} agree with you! learning is for forever in forex doesn't matter for how long you have been here. i think we stop learning only after we get perfection in something and in trading no one can be perfect
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But you noticed; pro traders always take care of their own trading mistakes and that’s the best practice! There is nothing like end point of learning!
{quote} agree with you! learning is for forever in forex doesn't matter for how long you have been here. i think we stop learning only after we get perfection in something and in trading no one can be perfect
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learning is a continues process, there is no way to stop learning in spite of being profitable , every time market changes its own trend so that we always have to acquire this attitude by learning.
In trading, ever trader first face loss so he learn how to deal with loss, then he tries to recover it. So forex is learning process, which never ends.
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Totally agree with you. Even i feel losses aren’t losses as such. They are lessons that make us conscious of our mistakes so that we can avoid them in future. Though consistent losses are a bad sign , but with hard work and research, one can lessen these losses to a great extent.
