Common Mistake We Must Avoid In FX Trading

The goal in trading forex is to make money, and taking profits is the best way to make money. With that said, however, taking profits too early is the best way to lose money over the long run, as winning trades will make less money than losing trades will lose........

The key is to be willing to take partial profits, but to account for those partial profits in your trading setup.........

If a trader is inclined to take half of their profits at a certain level, make sure the risk reward ratio for the entire trade is still positive, even taking into account the partial profit taking............

Furthermore, traders must not get scared of sudden movements in the market, and close a profitable trade out of panic. Traders must trust their setup, and follow the plan.......:cool:

ji ha dosto forex trading me ye mistakes bohat ziada hoti hey jiski waja se trader ko loss hota he isis liay kaha jata he ke loss hone per emotional hone ki bajaey kamyaab tarder wohe hota he jo ghaltio ko trace kare or unhe resolve kare

.............. One of the biggest advantages of forex trading is the ability to use leverage or trading on margin........

One of the most common mistakes that forex traders make is using too much leverage. Using too much leverage is when you have a small account balance, but make a big trade.....

If the market moves against your position by just a small amount, it can result in large losses. Commonly, the beginning forex trader will get emotional and nervous and close the trade for a sizable loss.......

Over Trading occurs when traders try to look for trading opportunities that are not really there. It happens to new traders very often, because they just want to trade.......

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In the high leverage game of retail forex day trading, there are certain practices that, if used regularly, are likely to lose a trader all he has.....

common mistakes that day traders often make in an attempt to ramp up returns, but that end up resulting in lower returns.......

...........potentially devastating mistakes can be avoided with knowledge, discipline and an alternative approach............

Traders often stumble across averaging down. It is not something they intended to do when they began trading, but most traders have ended up doing it.....

The main problem is that a losing position is being held - not only potentially sacrificing money, but also time.......