Traders Common Mistake

Letting your emotions guide your trading is the biggest mistake by a trader. Emotions cloud the judgement of traders and prevent them from thinking. Other common trading mistakes are overtrading, not using stop loss orders, and not having a well-defined trading strategy

 

exactly , right information

 

A common mistake that traders make is trying to take on too many positions at once.

 

A common mistake traders make is not practicing on a demo account.

 

I agree! Learning and practising should never stop in forex.

 

Hi, I'm new here. I had some experience in trading, but it was almost 10 years ago and it went really bad. I made some emotional decisions and I didn't have enough knowledge. I'm now thinking about going back into the field.
Any advice on where can I learn more about strategies?

 

Expecting big amount of money without enough preparation is very common mistake traders make.

 

according to me , any kind of big amount can be useless if there is no powerful trading knowledge including perfect money management.

 

most traders do same mistake again and again , i think new mistake is okay but same mistake is a just shit.

 

I think this is the real issue we have, it seems we never learn from our mistakes. Until we learn to control our emotions and be decisive.