Auction, Business, Cars, Classifieds, Community, Dating, Finance, Food, Jobs, Parenting, Property, Renovation, Shop, Tech, More

Largest Sg Forum Singapore Forum, Popular Singapore Chat Sg Chat, Singapore Community Sg Community, Singapore Discussion Sg Discussion Website, Sg Free Classified Online




Singapore Forum

Post Singapore Forums




Singapore Forum, Sg Forums : Popular Online Chat Discussion Forum on Singapore News & Happenings, Politics, Shopping, Property, Classifieds

Add Favorites


Featured Sites :,,,,

Go Back   Singapore Forum Singapore Classified Sg Forums > Singapore Forum Chat Discussion Topics > Stocks, Shares & Finance Forum Discussion

Stocks, Shares & Finance Forum Discussion Chat & discuss Singapore Stocks & Shares, finance, inflation. Sponsor : [Post Stock Chat].

Thread Tools Search this Thread Display Modes
Old 28th April 2017, 02:02 PM   #1
Junior Member
Join Date: Apr 2017
Posts: 2
Gender : Male
Location : Singapore
Default The common mistakes made by every trader

Most of the time there are successful trade set ups but very less successful traders.The reason is the traders do make common mistakes often, which are avoidable easily. The common mistakes they make are directly involved with their mindset. Although Forex market is highly profitable its not ALWAYS profitable but being Forex traders they do not consider it. As they think Forex can make money all the time they have created the wrong mindset. So here, in this article,we will help you do deal Forex trading wisely.

Figure: Trading forex with professional broker Saxo
Why it isdifficult to earn profits by trading:actually, traders are very good at spotting profitable trades but when they execute trades the chances for winning the trades become a win-win scenario. The huge mistake traders make is that they do not read where their trades are heading and they lose to place the stop loss on time. As many books and articles say place your stop loss if the trades go against you, and accept the small losses and then again start new. If the trade moves in your favor let it move, if you think that you are only able to gain smaller profit then it might be tempting but obviously, its the human nature. Anyways, the mindset is the major factor for all the mistakes made by the traders. If they are capable of building up a strong mindset then they will be able to become successful in the Forex trading.

Learn the mistakes:there are common pitfalls in Forex, as traders its your responsibility to learn the common pitfalls so then you will be able to understand it and avoid making such mistakes. Usually, traders do not measure the risk-reward ratio before they trade plus you should always know that you cannot make profits on every trade you take.Definitely, in Forex you will have to deal with the losses as well. Each and every trader should learn the common pitfalls before trading. Mistakes are always appreciated in the market as long as you learn from it but if you keep committing the same mistakes over and over again then its not going to help you in your trading career. If you access Saxo academy then you will see that professional broker like Saxo is also admitting that you will do mistakes at the initial stage but in order to develop yourself as a full time trader you need to learn from your mistakes in the market.

Planning is essential:you should have a plan but sticking it is even more important, as its human nature you might go over the track. As humans, you would want to earn more profits than the losses but the market will not act according to you need. Market losses are inevitable and facing losing trades are unavoidable too. So dont let the emotions rule the trades and always, stick to the plans. Make sure to place stop-loss correctly the only way to correct your mistakes is by learning it.
sandikal is offline   Reply With Quote
Sponsored Links

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
common sense inserted Labi1995 General Discussion, Chat, News & Happenings 0 30th November 2016 10:41 AM
Jordans 13 Retro El born area is known for a common hai520 General Discussion, Chat, News & Happenings 0 19th February 2016 11:33 AM
Common And Fashion Men's Hats axelcore General Discussion, Chat, News & Happenings 0 25th August 2011 01:25 AM

Forum Stats
Members: 10,431
Threads: 10,522
Posts: 29,994
Total Online: 85

Newest Member: 3nice_smile

Latest Threads
- by DOE
- by DOE
- by anami

All times are GMT +8. The time now is 07:53 AM.

Popular Singapore Community Forum, Singapore Online Community Community, Singapore Community Discussion Website, Singapore Community Chat Forums, Sg Community Classifieds

Enhance Your Advertisements Exposure On More Popular Singapore Websites. Click

Browser Setting : Medium Security, Javascript Enabled, Enable Popup & Set Our Website As Trusted Sites

Use of this site signifies your agreement to all our terms of use & private policy.

Copyright Anderson Internet Advertising Pte Ltd (Singapore Company Reg. : 200906104G)

Any copying, reproduction & lifting of materials in parts or whole from our websites without licence, permit or authority from us amounts to an infringement of copyright laws.

We reserve the right to seek full recourse, compensation & payments in respect of such an infringement & also for the time & efforts spent to track & pursue such an infringement.

Disclaimer : We shall not be responsible or liable for any mistakes or remarks or for any forum threads & forum postings. We do not condone & totally reject slanderous, defamatory, obscene, violent, abusive, threatening and harassing comments on this forum website. We appreciate all users to practice basic courtesy & respect other view points. Do not impersonate or create false identities of public figures or other forum users or put up impersonation false postings. Have fun chatting & discussing latest news or happenings on our chat forum discussion site & not get into legal suits or trouble. Be advised that as this is an open free forum website, there may be some comments or opinions to influence others to take some actions for which we disclaim all liabilities & responsibilities and users are advised to use independent judgement or professional opinions before taking any actions based on any forum postings here. This is a free forum website. No payment are necessary to post or chat in any forum discussion threads in our forum site. But if you like to contribute towards running of this free forum site, click here to make a small donation. Many Thanks !

Powered by vBulletin® Version 3.8.1
Copyright ©2000 - 2017, Jelsoft Enterprises Ltd.