Goal: to be able to achieve a good profit margin.

Mistakes


  1. trying to keep track of too many currencies
    1. streamlined to 8 currency pairs on day 2 instead of 21
  2. entering when the market is already halfway moving in the predicted direction
  3. looking at a few candlesticks instead of the bigger picture
  4. if i am confused with the market, look for another currency pair
  5. exited a trade before it moves in the way i predicted

10 Big Mistakes Forex Day Traders Make (thebalancemoney.com)

  1. If You Keep Losing, Don't Keep Trading
  2. Adding to a Losing Day Trade
  3. Risking More Than You Can Afford to Lose
  4. Going All In (Trying to Win It All Back)

Tips


(29) Scalping was Hard, until I Found this SECRET - YouTube