What's new

Common mistakes that whistle up a trading account

ramiz525

New Member
The trader makes several different mistakes at the time of his forex trading, but we find that these mistakes themselves vary from one trader to another, and this, of course, comes back to the speculator himself, where in this article there will be an appointment with listing the loaded errors that lead the account towards the swing and zeroing it
1-the number of trades: as we find that the large amount of trades entered affects a lot on the account, and therefore the reversal of some of them inevitably leads to margin call and even exit at a loss
2 contract size: this is something that traders suffer from so that as a person they always like a big profit and this is what pushes them to activate trades for a large lot size, which leads a little reflection in the price to a low balance level in the account
3-cooling, hedging and reinforcement: they are three ways of trading, but they are different between what is in the direction of the transaction and the other in reverse, but the thing that brings all three of them together is that they are working to demolish the account completely and gradually because of the danger of using them in the market
4_ recommendations: trading signals are the easiest way to profit and it is the fastest way to lose the account
5-anxiety and anger : and this happens in two cases, either at the time of loss, which means exiting the transaction and trying to compensate with a large lot
6_ trading news time: it is a given and intuitive thing that a trader does by entering full margin with his entire account and a large contract size, which leads to zeroing the account in just a few minutes
Therefore, the trader always strives for consistency and adherence to a thoughtful and calculated trading plan and not to deviate from it, regardless of Market Variables and conditions, in order to reach profit and escape from the trap of loss or loss
 
I try to avoid common mistakes and don’t rely on EA trading. From the very initial time, I used to avoid EA trading just because it takes away control from a trader.
 

Create an account or login to comment

You must be a member in order to leave a comment

Create account

Create an account on our community. It's easy!

Log in

Already have an account? Log in here.

Similar threads

Users Who Are Viewing This Thread (Total: 1, Members: 0, Guests: 1)

Top
AdBlock Detected

We get it, advertisements are annoying!

Sure, ad-blocking software does a great job at blocking ads, but it also blocks useful features of our website. For the best site experience please disable your AdBlocker.

I've Disabled AdBlock    No Thanks