Why Do You Over Trade?

[moonchild]

Over trading is very common among forex traders, most traders tend to over trade when their trades is not going accordingly so they tend to over trade there by losing everything they've made as a result.

To stop over trading you have to always set a stop loss so that you will know before hand the amount you are willing to lose in that trade this will not make you panic when the trade did not go in your direction because you have already calculate your losses, and you can even place your trade and just go your way without worrying about what could go wrong.

Using stop loss in a trade will give a trader peace of mind and will also make him accept his wins and losses as he already prepared for them before they even happen.

Secondly, you should have a daily target, this could be in pips or in dollars, whichever you chose just make sure you have a target that you're aiming at, this will make you disciplined and will also makes you stick to your plan whatever happens.

If you have a trading plan, make sure you followed it judiciously and don't violate it

 

[Ivo Zetticci]

Over trading will consume your equity so refrain from over trading. It’s one of the worst qualities that makes a trader suffer in the long run. I always suggest to trade less and learn more. Eurotrader’s 111% deposit bonus and high leverage must increase your return.

 

[selena1]

. This means you should only take trades that fit within your plan's criteria and avoid impulsive trades that are not part of your plan.
It's also important to take breaks and step away from the trading screen to avoid burnout and reduce the temptation to over trade. Set aside time for other activities and hobbies to reduce stress and anxiety that could lead to over trading.
Lastly, focus on quality trades rather than quantity. Don't take trades just for the sake of trading, but rather wait for high probability setups that fit within your trading plan.
In conclusion, over trading can be detrimental to a trader's success in forex trading. To avoid over trading, set a stop loss, have a daily target, follow your trading plan, take breaks, and focus on quality trades.

 

[Dita Walczak]

Trader over trade in the expectation of earning more and the result comes opposite. Signal generation will be possible for you when you know the exact ways of using indicators. Earning knowledge on how to use indicators properly should be the first and foremost target of traders. Eurotrader’s high leverage and 111% deposit bonus must help you gain more profit.

 

[Suba]

In the forex world, over trading can be interpreted in many ways, such as opening too many positions, trading too much in a short time, trading above your ability, using too much capital, etc. So basically over trading is trading without a plan, strategy, inconsistent, so their trading is not regular. Traders also often force themselves to continue opening positions even though they have lost several times. So to not get caught up in over trading, traders should make trading plans and strategies and they must be adhered to.

 

[Asahi]

Traders generally over trade in the expectation of earning massive profit but it results in collapse. Your first investment should a small amount because initially investing big amount carries high risk for you. Eurotrader provides a free educational program to traders for their development.

 

[FXOchartist]

Greedy is included as human nature in life, the analogy baby's born they his hands clenched, as if he wanted to hold the world, but after he died, his two hands opened, and no one could take them.

Over-trading is another edge from greedy because traders want to make a profit, sometimes reckless when first trades face bad trading, then looking new trades to add possibilities, however, over-trading is not a good habit in trading. It is better to keep work based on a trading plan. Indeed not easy to control emotions, however trading in FXOpen I always try hard to trade based on the plan trading properly, and it is work.

 

[Mary Frederick]

You have to understandc the chart pattern for price action trading. Usually, candlesticks’ patterns indicate different directions that traders need to understand. FXOpulence offers a reliable mt5 trading platform and signals at times to help traders.

 

[Jack Reacher]

Forex changes its direction quickly, which is a fact for which traders suffer losses the most. You can capture the market movement if you can analyze the market properly.Traders have to understand the reality of the market through demo trading. FXOpulence broker uses segregated trading accounts to offer security of funding.