We saw in the last article, the first common errors, from a psychological standpoint, that can be committed in the Forex. Now continue this interesting analysis.

An excess of operation is another of the serious mistakes made by forex traders. In this case they risk more than their margin allowed. Should focus on the quality of each transaction, not quantity. Experience suggests that you should never use more than 10% of its margin Forex.

Laziness. Sometimes, because of time or neglect, some traders refer to the definition of an effective plan for trading, including the criteria for entry to and exit from the market and do not draw up a plan for money management . This leads to making decisions or

pulse TREAM intuition, which is a serious mistake. Investing time in planning and monitoring of effective strategies will allow us to avoid many mistakes later. Impatience, which usually leads to enter or to leave their positions at the wrong time. Learning to recognize this emotion and find the moments in which it grows, it will help us do a good trading. Surely in this case helps a lot to establish a trading plan to follow and always to the letter.

Fear and indecision lead traders to close positions with the minimum gain in order to avoid leakage. The rule should instead be leaving immediately from the positions at a loss, without waiting for a reversal of the trend, and wait patiently while we are winning.

Obsession. Spend hours staring at the computer, charts and indicators, certainly not sufficient for success in operations, as it can do a study of the optimal strategy.

Expectations. We must always be considered reasonable and realistic goals to be achieved, otherwise you risk being disappointed.

If Cometto a mistake, how? Certainly, the first thing is to accept mistakes as a learning opportunity. After that we must identify what went wrong and correct it.