Ralph Posted March 11 Share Posted March 11 There's a saying, "Don't put all your eggs in one basket." This very much applies to trades when we want to see results but not lose all money at the same time. Some would make the mistake of not diversifying, but diversifying too much isn't good either. Finding a balance is all it takes to make smart moves in a trade. Why? Holding positions in various currency pairs increases the odds of exposure to assets performing well in different market environments. Plus, it gives you a chance to explore different trading styles. Quote Link to comment Share on other sites More sharing options...
Leander Posted March 11 Share Posted March 11 Can't agree more! Quote Link to comment Share on other sites More sharing options...
ThomasFernandez Posted March 11 Share Posted March 11 Absolutely Quote Link to comment Share on other sites More sharing options...
radex78 Posted March 15 Share Posted March 15 The biggest mistakes in trading in my opinion are greedy, overtrading without a proper plan, and fear of missing out. Quote Link to comment Share on other sites More sharing options...
bigxy Posted March 23 Share Posted March 23 First of all, plan the trade and then trade your plan that is simple in my opinion. Quote Link to comment Share on other sites More sharing options...
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