Some lose money while some loses more while chasing their lost money it is better to let go off these loses and move forward in order to become a successful trader.
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Traders Common Mistake
- Thread starter NeilKruger
- Start date
to be a successful trader is not a joke , need a powerful trading knowledge including a reliable support from a credible trading broker.
To be successful trader one must lose less emotions and win more money management.
i think there is no way to become emotionless , because its a very common human nature . but we can control it by trading discipline and practice.
generally, traders take demo account for practicing but this level does not work actually , for practice in a proper way i think live account best even though it is a little bit expensive.
common advice but effective
personally, i don't like to trade in exotic pairs. It's really volatile and unpredictable.
I think this happens because many do not analyze their mistakes and do not find their causes in order to adjust and improve their trading strategy and not make the same type of mistakes next time. They just continue trading with the same poor strategy and step on the same rake again.i have seen according to my trading experience some common mistake we do always even after having major losses. why we cant come out from same mistake .