Mistakes That Forex Traders Make

When getting started in forex trading, there are common mistakes to be avoided. This is a list of common forex trading mistakes.

1. Using Too Much Leverage:-

One of the biggest advantages of forex trading is the ability to use leverage or trading on margin. One of the most common mistakes that forex .


2. Over Trading:-

Over Trading occurs when traders try to look for trading opportunities that are not really there. It happens to new traders very often, because they just want to trade. The result is usually a poorly executed trade that results in an eventual loss. Over trading can also result in traders making too many trades at once and using too much margin.

3. Picking Tops and Bottoms:-

Many new traders attempt to try to pinpoint where a currency pair will turn around and start moving the opposite direction. This is something that