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Biggest Trading Mistakes

Discussion in 'Forex Discussions' started by mark04, Oct 15, 2009.

  1. mark04

    mark04 New Member

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    Dear Trader,

    What do you think which is the most important mistake in trading that we should avoid among these.

    1. Trading with money you can't afford to lose
    2. The need to be "certain"
    3. Words that will kill you! HOPE---WISH---PRAY
    4. Not Acting on your plan
    5. Not knowing how to get out of a losing trade
    6. Having an ego
    7. Falling in love with a sector or script

    Regards
    Mark
     
  2. JavitoFX

    JavitoFX New Member

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    For me the best tip to trade in forex is to trade with money you can afford to lose!!
    I know that forex is very profitable, but don’t forget it is also very volatile and if you are not doing so well then you can’t let your emotions trade 4 you, and if you need the money to live, you will :S well my broker acm has a risk limit policy and that makes me feel more calm, but even so you funds are your funds.
     
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