Mistakes Many Forex Traders Make

[Uritron]

Typically, if we communicate about common mistakes that traders do is too much. However, what might be said right here is, they often neglect about the stop loss.

[Baz Dent]

Yeah, I agree with you completely. Many traders do not use stop loss as they want to live on the edge I guess and often lose their entire investment as we all know forex market is full of unfavorable move. And you can not always be present on the chart. That’s’ why stop loss is important to minimize your risk while you are not present. For my trading I use Eurotrader as their platform is the best for fast execution and also very low spread.

[maspluto]

the use of existing SL and TP must be able to be considered properly, this is done so that traders can be more leverage in getting the security and comfort of trading together with Tickmill.