Forex Zone - Forex Forum
  1. Forex Zone - Forex Forum
  2. General Category
  3. General Forex Discussion
  4. Fixing Every Trading Mistake

Fixing Every Trading Mistake

Discussion started on General Forex Discussion

Print
Pages: 1 ... 43 44 [45] 46 47 ... 53   Go Down

Ikhtiar

  • Hero Member
  • Posts: 18151
  • Points: 30
  • Likes Received: 33
  • Reputation: +2/-0
Of course, correcting all mistakes can create psychological stability so that we can always be patient and we must always be enthusiastic so that we don't feel bored and tired of doing forex trading. Thirdly, we must always increase our discipline in any aspect, especially in terms of money management so that we can always minimize margin call.
#661 - December 11, 2023, 12:41:11 AM

Dyandra

  • Hero Member
  • Posts: 65292
  • Points: 623
  • Likes Received: 57
  • Reputation: +53/-46
Whatever type of error you use, you should be able to carry out trades well, carry out evaluations with the right target, because after all, if you correct the error properly then you will definitely have difficulty making a profit and this will encourage you to always lose.  That's why you are required to continue making improvements to continue evaluating when you fail
#662 - December 11, 2023, 08:18:36 AM

Vernalta

  • Hero Member
  • Posts: 67234
  • Points: 624
  • Likes Received: 99
  • Reputation: +18/-46
If you make a mistake, it's better to have time to correct it because if you don't correct each mistake it will actually have a bad impact on your trading account and it could be that later you will MC. Why, after all, the experience of losing must be resolved immediately, it must be corrected immediately in the right way.  and you as a trader have an obligation to do so, we must be able to see from perspective and evaluate when we make a mistake
#663 - December 12, 2023, 07:57:41 AM

Dyandra

  • Hero Member
  • Posts: 65292
  • Points: 623
  • Likes Received: 57
  • Reputation: +53/-46
We are obliged and must correct every mistake we make ourselves. Correcting every mistake will play an important role for us so that we get good results.  After we lose, we don't need to be afraid of losing. We have to be able to be active people to make our own improvements. Whatever makes us fail, whatever makes us lose, we should fix it immediately so that we don't hold on too long or experience failure until we get the money.  we run out so don't let our money run out before we regret it and fix everything.
#664 - December 14, 2023, 08:21:33 AM

Ikhtiar

  • Hero Member
  • Posts: 18151
  • Points: 30
  • Likes Received: 33
  • Reputation: +2/-0
The important thing in running a Forex trading business is that we must be able to correct all mistakes and do it in a disciplined manner because there is no other way traders can do it except to do everything according to the applicable rules.
#665 - December 14, 2023, 08:35:41 AM

Dyandra

  • Hero Member
  • Posts: 65292
  • Points: 623
  • Likes Received: 57
  • Reputation: +53/-46
correcting every mistake will have a good impact on your psychology and technique because when you often make corrections then there you will find good technique, find high accuracy and you can do it comfortably because the mistakes you make really need to be fulfilled.  Don't become an apathetic person who doesn't care about technique. You don't care about your money and in the end you end up running all this trading in vain.
#666 - December 17, 2023, 07:38:28 AM

Vernalta

  • Hero Member
  • Posts: 67234
  • Points: 624
  • Likes Received: 99
  • Reputation: +18/-46
In forex trading there are definitely lots of mistakes that we will get when we do analysis or open positions and that's normal, but when mistakes happen to us, it's better if we have to be quick to fix them. Don't wait too long, don't let something that makes you lose even worse.  Most mistakes, such as using the wrong analysis, using the wrong momentum, applying the wrong stop loss, are usually something that we experience the most and we must correct them.
#667 - December 23, 2023, 07:51:06 AM

Dyandra

  • Hero Member
  • Posts: 65292
  • Points: 623
  • Likes Received: 57
  • Reputation: +53/-46
In my opinion, every mistake needs to be corrected because when you correct every mistake, you will have the opportunity or have a new idea come to your mind to update your system to update your management because usually errors in trading are only two technical problems and problems.  Management, sometimes we also have psychological problems, but usually that's a bigger percentage, so you have to fix it first so that you have a good system.
#668 - January 01, 2024, 09:07:39 AM

FXOpen Trader

  • Hero Member
  • Posts: 2112
  • Points: 17128
  • Likes Received: 268
  • Reputation: +5/-2
Quote from: Dyandra on January 01, 2024, 09:07:39 AM
In my opinion, every mistake needs to be corrected because when you correct every mistake, you will have the opportunity or have a new idea come to your mind to update your system to update your management because usually errors in trading are only two technical problems and problems.  Management, sometimes we also have psychological problems, but usually that's a bigger percentage, so you have to fix it first so that you have a good system.

It is possible that traders tend to make mistakes in doing their trades. So they will need to use a balanced trading system that will reduce their losses into the markets.
#669 - January 01, 2024, 11:51:12 AM

Vernalta

  • Hero Member
  • Posts: 67234
  • Points: 624
  • Likes Received: 99
  • Reputation: +18/-46
If you are currently experiencing a loss of up to 50%, you should stop trading first, do a large-scale evaluation to improve your system because don't wait for the MC and then make improvements. You must really be able to save your remaining capital so that  can be used again after you have carried out an evaluation, we are obliged to make improvements to every thing, whether technically, management or psychologically, we must be able to be active in forming a good trading system so that we don't just stay silent and always repeat the same mistakes.
#670 - January 11, 2024, 09:17:24 AM

aizafx

  • Hero Member
  • Posts: 2224
  • Points: 7991
  • Likes Received: 140
  • Reputation: +6/-1
Quote from: Vernalta on January 11, 2024, 09:17:24 AM
If you are currently experiencing a loss of up to 50%, you should stop trading first, do a large-scale evaluation to improve your system because don't wait for the MC and then make improvements. You must really be able to save your remaining capital so that  can be used again after you have carried out an evaluation, we are obliged to make improvements to every thing, whether technically, management or psychologically, we must be able to be active in forming a good trading system so that we don't just stay silent and always repeat the same mistakes.
A margin call is something that is not expected but many traders experience it. To prevent margin calls, traders should always use a planned stop loss, and if they experience consecutive losses, stop trading first and avoid retaliation.
#671 - January 11, 2024, 10:25:02 PM

Vernalta

  • Hero Member
  • Posts: 67234
  • Points: 624
  • Likes Received: 99
  • Reputation: +18/-46
Every mistake you correct will create the right opportunity for you to evaluate well because the mistakes you cause and correct will interpret your struggle as a sincere good intention from yourself to want to move forward and that's the way it is.  We have to make every mistake, we have to correct it and then we evaluate it, so there is no more way to make a mistake
#672 - January 30, 2024, 09:14:08 AM

Ikhtiar

  • Hero Member
  • Posts: 18151
  • Points: 30
  • Likes Received: 33
  • Reputation: +2/-0
It is best to correct small mistakes first, because it is not uncommon for us to only correct big mistakes and forget about small mistakes and this is certainly something that is wrong and can make us unable to be successful in trading.
#673 - January 30, 2024, 02:29:37 PM

Vernalta

  • Hero Member
  • Posts: 67234
  • Points: 624
  • Likes Received: 99
  • Reputation: +18/-46
Every mistake will be something that deserves to be corrected, it is called a system error, psychological error management, we will always have to pay attention to every mistake, we should not ignore it, especially when we want to become a professional.  This will have an impact on you later. So you have to be active in correcting every mistake. You have to be active in evaluating your performance when you lose and always suffer losses and try to always contribute well.
#674 - February 10, 2024, 08:53:41 AM

Dyandra

  • Hero Member
  • Posts: 65292
  • Points: 623
  • Likes Received: 57
  • Reputation: +53/-46
the mistake must be corrected because when you don't want to correct your mistake then it becomes a wrong opportunity and in my opinion that is something that we must eliminate and you as a human being must be active in correcting it.
#675 - April 18, 2024, 08:59:02 AM
Print
Pages: 1 ... 43 44 [45] 46 47 ... 53   Go Up
  1. Forex Zone - Forex Forum
  2. General Category
  3. General Forex Discussion
  4. Fixing Every Trading Mistake

Members:

0 Members and 1 Guest are viewing this topic.


Fixing Every Trading Mistake in General Forex Discussion_collapse Refresh Activity Stream (It's automatically updated) Open Activity Stream in Popup Activity: