What Every Forex Traders Should Know About Their 2 Most Common Ridiculous Mistake
What Every Forex Traders Should Know About Their 2 Most Common Ridiculous Mistake
If you have been thinking about trading Forex safely, easily, then you are going to want to stop thinking, take a nice cup of tea, grab a seat and read this article carefully.
In the next few moments, we're going to look the 2 most crucial mistakes that made by forex traders nowaday especially for beginner or newcomer traders.
Trades Always Make Things Complicated
Yes its true, however most traders do not realize that they are doing this mistake again and again. Have you ever heard this phrase "If you chase 2 rabbits, both will escape". Imagine, you are deciding to trade forex properly with a lots of indicators like maybe 4 indicators or even higher. Its obvious you can't concentrate which trade you want to make. Too many indicators cause a lot of headache. Last week, I went over my friend's house because he invited me to his party and asked me to teach him regarding forex since he is just a newbie. I looked on his platform's chart and frankly put me hell lots of confused. Why? He overload his chart with like 9 indicators in one chart. This is very crazy. I told him the mistakes he made and hopefully he held my advices. I also want you to be success so follow my advice. You will going to boost your focus with clean chart or plain chart easily and make a real high accuracy trade automatically.
Losses Are Something That We Called Inevitable
We as a traders experienced a lot time with losses, however, most traders do not think deeply about this and make this mistakes everyday instead of learn from their mistakes. Yes it is true that it is inevitable but we simply can minimize it with good money management or tight stop loss. It is also true that whenever most traders experienced losses, they want to take avenge for the trades. This is really most common mistake. When this happen, traders mostly do very unnecassary action or even doing stupid things because they suffer some very emotional thinking. I also experienced this happened things and I get to use it and learned from my mistakes and I never do reckless things again. I usually get some rest and come back to trading when I feel that i'm very emotional at that time.
These are two common mistakes made by most traders. First, do not make things complicate and second we experienced losses. By learning from these mistakes we can easily increase our confidence and focus. Remember traders learning from mistake is our secret weapon even though most trader realize this but they do not take action to learn from mistake. I hope you learn a lot with my precious article.
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