Thread: Typical mistakes in forex trading.

One of the things I do is review the transactions that I did.
I document the transactions in Excel.
I'm doing this for years.
Trader can learn much from the deals he makes.

I collected some typical mistakes over the years I had a short-term trading:
(By the way - even now I make mistakes, I try to do less)

1. The trend toward a deal to take when the pair had already made a significant move in this direction.

2. Available without a reversal pattern or a continuation pattern is set.

3. Entrance to Long when oscillators still show scratches and vice versa
Oscillators can be used to sort of filter to enter transactions.

4. Available short-term deal in the evening - the problem here is that sometimes
Markets do jumps or unexplained movements during the night.
So I suggest to those who dealt in short-term (several hours) -
"I did not go to sleep with an open transaction"
It's also healthier mental strength.

5. Setting a price that does not support or resistance line closest.
Better to be always modest profit targets - it increases the success rate
Markedly.

6. Casual hits the market, especially after the transactions have been lost to try
"Take revenge" on the market. Well - it just does not work.
Lost in the deal - turn off the computer and go.
So you can relax and not do anything stup

Yes, I agree with you Forex market is real market and its one of the market which has high risks and due to high leverages there are many gains and losses as well. So if the trader is not aware of the basic things or tactics of the Forex then it not be good for the trader and loss percentage will rise at this point.