Correct your mistakes
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  1. #1
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    Correct your mistakes

    Many forex traders do not move forward in their trading career, but they do not know the reason why; because they enjoy blaming the market or the broker for the loss they had. This is very wrong, the secret of the successful traders I have learned is that they accept their blames, and correct errors in order for them not to repeat them, and this is a natural way to advance in the market.Always locate a mistake and make amends with it. I think this is a brilliant ways that all forex traders should emulate.

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    Yes sir you are very correct we have to correct our mistakes time to time because most of trader's don't know much about this business they just try to do gamble and like to make money by doing that but its not a good way to become a successful person only our mistakes will give us best result here

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  3. #3
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    Quote Originally Posted by cozard007 View Post
    Many forex traders do not move forward in their trading career, but they do not know the reason why; because they enjoy blaming the market or the broker for the loss they had. This is very wrong, the secret of the successful traders I have learned is that they accept their blames, and correct errors in order for them not to repeat them, and this is a natural way to advance in the market.Always locate a mistake and make amends with it. I think this is a brilliant ways that all forex traders should emulate.
    Yes it does happen most of the times that we will be doing our trades yet we face some or the other issues with our trades. The main concern is that we do such types of trades which are not going to be productive for us and hence we get some or the other losses in them. If we can plan our trades with care then we will see that our trading income has also improved and we tend to make less of the mistakes than before.

    This is why it is absolutely important for us to correct our trading mistakes and then try to see how we are able to trade in the uncertain markets

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    Quote Originally Posted by cozard007 View Post
    Many forex traders do not move forward in their trading career, but they do not know the reason why; because they enjoy blaming the market or the broker for the loss they had. This is very wrong, the secret of the successful traders I have learned is that they accept their blames, and correct errors in order for them not to repeat them, and this is a natural way to advance in the market.Always locate a mistake and make amends with it. I think this is a brilliant ways that all forex traders should emulate.
    Mistakes are very common in this trading as we cannot able to become 100% sure about any further movement. Both the mistakes and right trading can bring us more experience and skill. We can take lesson from both the mistakes and right trading. To some extent it is fact that the mistakes can become more effective to get better lesson by loosing our trading capital.

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    Yes you are right we should not blame the market and we should blame our self for the loss and we should accept it and find out the mistakes that is made by us so we can correct them and make our trading style perfect its really good for every trader to make money

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    making mistakes is normal thing for the traders. but they have to correct their mistakes as soon as possible. because this mistakes can give them huge losses in this business. so analyze them very well and make a good solution of them.

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    learn from our mistake is so important for all of the new trader. when we practice in demo account we can learn many things. we can learn why my trade fall into loss. can learn about a true trend. so practice more and more and analyze our mistake gives us more chance to win.

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    in forex trading business we basically get loss for our mistakes. if we cannot correct our mistakes in this business then we repeatedly get loss in our trading. so we have to correct our mistakes and for that we have to practice more and more and analyze our mistakes. so try to correct your mistakes immediately.

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  9. #9
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    mistakes can harm us a lot in forex trading business if we do not correct them. forex is a very hard and difficult business but we can trade here with proper knowledge to get success. but if we make mistakes then we can have a great loss here and lose our capital. so we need to correct our mistakes by analyzing them.

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  10. #10
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    correction of the mistakes is necessary for the traders to be able to decrease loses and increase the profits, without correction of mistakes the trader will repeat it again and again and will lose his money gradually or quickly, so to avoid making of mistakes you should know the reasons of it and try to fix it to stay in the market.

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