Article Library

39/53
Ranking
Last week I started with interesting insight into the minds of traders through 6 most common habits traders often committing. Today I prepared another six. Enjoy and learn from somebody's mistakes.7) Using too much indicators - When you starting, you usually tend to think that more of everything is simply better. That more indicators you put to your charts the earlier you will spot the trend or a reversal. But more and more studies you add, you start to lose your ground and everything is a big mess on your charts and the important things start to fade away. Not mentioning that every trader on the world has the same possibility and in the end we all can use the same indicators if we only want. So, probably, there is no hidden formula in those. Look at some examples - my earlier chart and how I trade now. 8) Relying on other's predictions - When our trading plan doesn't work or we do not follow its rules, we often seek some reason, why we are unsuccessful. But instead of blaming us for not obeying the rules of trading plan or money management, we start to think, that problem is in our bad market prediction. What if other people know what happens next? What if they have some insight I…
Read article
Translate to English Show original
marius24 avatar
marius24 22 Mar.

my brother..you have some kind of views of a great trader..good luck

andrew_d avatar
andrew_d 26 Mar.

Thank you for your kind words! I appreciate it!

orto leave comments
32/53
Ranking

In my last (and also first) article, I focused on my winning live strategy. This time I would like to write about bad habits and actions, we should be aware when trying to increase our equity on live accounts. I'm sure you will find yourself in the following columns, even if you are a seasoned fx pro, as well as a starting newbie. Everyone of us did mistakes and here are some common things we do. Sometimes it can even be quite funny though .1) Not using stop-loss - Many traders think, they know what happen in the markets and that they can predict it with almost 100% accuracy, why to use some stop-loss function, if markets will mostly turn again in your direction? Well, over leveraged position and non-farm payrolls every first friday will teach you that there is probably something terribly wrong in your current strategy. There are rare events known as "black swans" and that's the time your account will be in big trouble.2) Low capitalization and high leverage - Yes, you can start with 100 usd, but do not ever think you can make it using too much of your capital on one trade. If you start with 100 usd and your first trade on EUR/USD will have SL 100 pips/0,1 standard lot…
Read article
Translate to English Show original
DaddyPapi avatar
DaddyPapi 12 Mar.

All true..especially 5...find some other quiet way to celebrate..never boast

andrew_d avatar
andrew_d 14 Mar.

thanks, yeah all comes from my own painful experience:)

marius24 avatar
marius24 22 Mar.

i am agree with here...you don't respect the rules..better for you to quit

orto leave comments