Username:   Remember Me

Uber Articles {Über (ger) adj. above, beyond }

- Above and Beyond a Mere Article Directory


Costly Mistakes That Forex Traders Stumble Through

By Sandra Bittman

Forex traders generally make about five mistakes that often lead them to making many costly mistakes that hurt their chances of making good profits. Before anything else, the first and most important thing any investor needs beware of is that whenever they play the market, they are taking substantial risks, either with profit or loss.

Going into trading with a clear and well developed plan is essential. Think about resources, goals and time as well as expectations. Create a strategy that will guide you through out the life of the trading cycle.

The first mistake that many Forex traders commonly make is not having a well laid out plan. Not having a focus while trading on this market can cause a chain reaction of all kinds of problems down the road.

Second, investors will commonly misappropriate their funds for a trade. Either they will put too much money into it or not enough. Studying and planning before trading is incredibly important.

The next error they make is not knowing when is the best time to get out of a position. Getting into a trade is easy, getting out of one is much more complicated. Having and implementing a good plan will help eliminate this.

Trying to assimilate all the economic data that comes out everyday will cause sensory over load and become very counterproductive. Take in the data bit by bit and don’t rush. Learning trends and indications over time will give a better sense of the market. It will also show you what not to do from a big picture perspective.

Finally, the mistake that too many investors make is they jump right into the market without having any kind of education or experience. There is no better way to loose money than to come into Forex trading and start guessing. Doing research and learning the market before starting anything will also save a ton of costly mistakes from happening.

Consider these common mistakes and try to avoid making them, and you will dramatically improve your chances of making great profits in the Forex market.

See more of this writer’s work about subjects such as the kitchen stool and the farmhouse kitchen table and chairs.

Article kindly provided by

Topics: Investments | Comments Off

Tags: , , , , , , , , , , , , , ,

Article Citation
MLA Style Citation:
Bittman, Sandra "Costly Mistakes That Forex Traders Stumble Through." Costly Mistakes That Forex Traders Stumble Through. 3 Jul. 2010. 27 Oct 2014 <>.

APA Style Citation:
Bittman, S (2010, July 3). Costly Mistakes That Forex Traders Stumble Through. Retrieved October 27, 2014, from

Chicago Style Citation:
Bittman, Sandra "Costly Mistakes That Forex Traders Stumble Through"

Reprint Rights

Creative Commons License
This article is subject to a revocable license under a Creative Commons Attribution-No Derivative Works 3.0 Unported License, which means you may freely reprint it, in its entirety, provided you include the author's resource box along with LIVE VISIBLE links (without "nofollow" tags). We may revoke the license at any time with or without cause. You must also include the credit to

Comments are closed.

Uber Articles and its partner sites cannot be held responsible for either the content nor the originality of any articles. If you believe the article has been stolen from you without your permission, please contact us and we will remove it immediately. If you have a problem with the accuracy or otherwise of the content of an article, please contact the author, not us! Also, please remember that any opinions and ideas presented in any of the articles are those of the author and cannot be taken to represent the opinions of Uber Articles. All articles are provided for informational purposes only. None of them should be relied upon for medical, psychological, financial, legal, or other professional advice. If you need professional advice, see a professional. We cannot be held responsible for any use or misuse you make of the articles, nor can we be held responsible for any claims for earnings, cures, or other results that the article might make.
  • RSS Feed

    RSS for Investments