the most common mistake i think do the same mistake , from all i think this bad habit causes a great risk in real as well trading life.
the last mistake i have done using high leverage . this is really a great risky approach above all when market moves at random.
If a trader invests too much money in one market, they become overexposed. If traders think the market will continue to climb, they often increase their exposure.
One common mistake made by forex traders is failing to properly manage risk. This can include not using stop-loss orders to limit potential losses, or taking on too much risk in an effort to achieve high returns. Proper risk management is essential for the long-term success of a trader.
As a trader, you are bound to make mistakes, especially when you are starting your career. Mistakes such as not having a trading plan, lack of emotional control, and no tested strategy are very common among traders because as newbies are desperate to earn profits. But the biggest mistake is ignoring your past mistakes. You are not trading, if neither you are learning nor you are making profits.
mistake is a very common things according to me , but if you do same mistake again and again there is no way to come out from same shit at all.
at the moment most common mistake is to choose a right broker . because there are almost thousands broker in online and most of them are found to be scams.
I guess this explains why some of us on ET are eager to take on other traders pretty often. Maybe that is their way of dissipating emotion?
i think if we cant come out from our past mistake , there is no way to survive successfully at all, especially from this trading place.