Thread: What action do you take to correct mistakes?

It is certain that we all make mistakes, so what do you think about correcting them? Is there any way or method you are using for correcting them? I believe the best manner to correct mistakes is by having sensible approach, as that’s the only way we will work out things. I use extremely high money management and for that, it is high boost due to Nova FX, as they got lovely 133% bonus on deposit, it is hottest deal to have!

have a good bonus to make more profit i think its good for ur motivation, but make sure u can do forex trading with good focus ,if u just think about profit and not doing a good preparation u just make sure ur loss, have a mistake is a common tragedy that any trader ever face. just make sure u can learn from it and improve ur skill. and u will be better at ur next forex trading.

Its a very important part, if a situation is confusing i always take help of my friend or put my queries on a social network, from where i get alter solution for my decisions.

because any trader need when do forex trading is always learn from anything, u can learn by read some article or watch some video about forex trading or anything else, and also learn from other trader experience is very helpful for trader to learn about forex trading.

In my view practice is what will help us get help as far correcting mistakes are concerned, so we must always be prepared to struggle hard in practicing, it will automatically reduce the mistakes and help us bring more profits. I am fortunate that I trade with TradeWiseFx and they have great demo account, as it is simple to operate and we can use it for practicing and improving our service.

Generally practice is what helps in correcting mistakes, but to be able to do that, we first need to accept we have committed the error, but unfortunately most new comers now days are so arrogant that they never want to accept their fault, so that is why there is no question over correction of it. I believe the best way we could be correcting mistakes is through consistent practicing. I do that all the time with having wide range of options with OctaFX broker including the no deposit bonus of 8 dollars and I can even start off with their Micro account with just 5 dollars, so that is good place to correct mistakes that I have made in past.

I study my mistakes and then learn from it so that I don't repeat those mistakes, in Forex trading you need to take extra care of this.

I think mistakes of part of trading but you can only correct with applying good strategy and learnt a lot about Forex trading.

common mistakes that often occur on the trader is that they are confident with the system used without conducting the evaluation. This is causing a lot of new traders who regret in the end after a margin call. My suggestion is to do the evaluation of trading systems used by using a demo account

Originally Posted by Uncle Gober

common mistakes that often occur on the trader is that they are confident with the system used without conducting the evaluation. This is causing a lot of new traders who regret in the end after a margin call. My suggestion is to do the evaluation of trading systems used by using a demo account

yes in such situation a trader should be a bit patient, a trade should spend some time in evaluating trades.