Forex all info: June 2013

Thursday, June 6, 2013

22 Trading Mistakes That Are Costing You Money

If you are a Forex trader then I am sure that you have made a couple of your own trading mistakes throughout your career, you have learned from those and it has made you a better trader. I am going to share with you 22 common trading mistakes that hopefully you can learn from and make you a better trader. These 22 trading mistakes are from what I have learned from trading and what I believe to be costing many traders money. Now let’s get into it!

1. Trying to find the “holy grail”

I want to start with this trading mistake because this is the most common mistake every new trader makes. They go from one trading strategy to another looking for the “holy grail” of trading, yet little do they know there is no such thing. All they do is waste their time and money looking for it. There is no trading strategy that is going to win every trade and the sooner that this is realized the better off you will be. The best plan is to find a strategy that fits you and master it. Whatever this trading strategy may be, whether it is price action or something else, you need to study the heck out of it and learn everything you can about it. Once you finally settle on a trading strategy and master it, you will start making money.

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Saturday, June 1, 2013