Several mistakes forex speculators often make
Myth 1: emotional impatience, blind trading. This kind of situation often happens to the Huimin friends who have just entered the market. After entering the market, they always feel that they will not enter the market without trading. They neither do technical analysis nor listen to expert comments. They buy one set and are in a hurry.
Myth 2: no stop loss, the deeper the set. This is a common phenomenon in foreign exchange market trading. There are many points that can stop loss and get out, but they are all missed. As a result, the deeper the set, the deeper the set.
Myth 3: covet small profits and go astray. Some people think they are smart. After they find a way to make profits, they use it again and again regardless of the time. However, the exchange market is changing rapidly, changing infinitely, and unpredictable. It is impossible to fight with only a little skill.
Myth 4: avoid reality and have illusions. Seeing the continuous decline of the currency in my hand, I didn't actively stop the loss and take corresponding measures, but refused to admit the cruel reality. I always thought about the point I bought, thought that only the point I bought could reflect my real property, and dreamed that one day the exchange rate could still return to the point I bought.
Myth 5: fear of trading is a missed opportunity. As the saying goes: Once bitten by a snake, twice shy. Some people can't stand the setback, win or lose: once they lose money in a transaction, they have a fear of the transaction, don't even believe in themselves, and dare not intervene when they encounter a good opportunity.
Myth 6: if you think well, you can't do well. This is also a common phenomenon. The reason why some people can always succeed in simulating operations is that they can do it when they think of it. In the actual trading, most people think of it but can't do it. When they really do it, they have missed the opportunity. This is why the most frequent sentence in the foreign exchange market is: "if only I had bought it at that time."
