Reasons Why Traders Enter Into Wrong Trades | Forex Factory

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Reasons Why Traders Enter Into Wrong Trades

  • #1
  • First Post: Aug 15, 2013 4:58am Aug 15, 2013 4:58am
Good-day All,



I have observed a trend about many strategies especially the most publicized EMA crossovers. It is obvious that when traders enter into trade on most EMA crossovers when the trend has started dying. Maybe only 3-5 out of ten crossovers can survive without reversal after crossover.



I also observed that this is one of the major reasons why many traders are confused and looses a lot of money in trading.



What do you think about this? At which point do you think one can enter a trade and be successful even if there is a reversal?



Please Contribute!!!



Thank You.

  • #2
  • Aug 15, 2013 9:06am Aug 15, 2013 9:06am
you should have all the knowledge: S / R, price action and look larger Time, or http://www.forexfactory.com/showthread.php?t=402253 trading harmonicc.
Trading in the zone
  • #3
  • Aug 15, 2013 9:19am Aug 15, 2013 9:19am
Reasons Why Traders Enter Into Wrong Trades? Because someone needs to lose money! .
"I made money every time you place your Stop loss too close to ME"
  • #4
  • Aug 15, 2013 1:51pm Aug 15, 2013 1:51pm
hi dare123 , i am a newbie in forex market ad have just started trading and lost a lot of money mainly bcoz i was predicting myself and on previous trends of the currency pairs....now i understand that perfect forecast is necessary before investing..so can you help me in getting any website or software that can help me in detecting the forecasted values of currency pairs.....
  • #5
  • Aug 15, 2013 1:58pm Aug 15, 2013 1:58pm
There are no wrong trades.
There are no right trades.
Stop beating yourself
  • #6
  • Aug 22, 2013 7:31am Aug 22, 2013 7:31am
Quoting muffadal
hi dare123 , i am a newbie in forex market ad have just started trading and lost a lot of money mainly bcoz i was predicting myself and on previous trends of the currency pairs....now i understand that perfect forecast is necessary before investing..so can you help me in getting any website or software that can help me in detecting the forecasted values of currency pairs.....
I'm sorry but there is no perfect forecast in forex unless you understand this you will lose more and more
The single most important factor is having control of your own life.
  • #7
  • Aug 22, 2013 7:33am Aug 22, 2013 7:33am
dare123 traders lose cause they don't know what they do: they just gamble - they don't trade. The reason is: they're too lazy to educate themselves
The single most important factor is having control of your own life.
  • #8
  • Aug 25, 2013 11:39am Aug 25, 2013 11:39am
Lack of knowledge + emotion trading = disaster
It is hard to avoid emotions when you are not sure what you are doing and it is hard to be sure what you are doing if your emotions/psychology issues are taking control over you.
  • #9
  • Aug 28, 2013 5:55pm Aug 28, 2013 5:55pm
Don't know which method to use....probably lack of knowledge will lead to no confidence for each trade.
Sometimes it is very dificult to enter the lowest price & sell at the highest price...Do there any strategy work very well?
Let Market Tell You
  • #10
  • Aug 28, 2013 11:46pm Aug 28, 2013 11:46pm
Quoting feline207
Lack of knowledge + emotion trading = disaster It is hard to avoid emotions when you are not sure what you are doing and it is hard to be sure what you are doing if your emotions/psychology issues are taking control over you.
100% correct
  • #11
  • Last Post: Aug 29, 2013 5:29am Aug 29, 2013 5:29am
I think lack of know is the basic key of loss you money in Forex. If you have no knowledge about Forex then plz get some knowledge about Forex first and then start to trade.
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