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Biggest mistake in FX

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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.

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  • 3 months later...

Plan your trade and trade your plan, yes this is true, traders must make a clear trading plan and implement the plan. If one trading plan has been fulfilled, wait for the next day before making a new trading plan, because the market is easy to change, the number of trading increases, the profit does not necessarily mean the same, even losses may occur.

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