In addition to not make a trading plan, do not make a capital management and trader psychology too greedy, in a hurry, no discipline, fear, and panic, mistakes traders in the forex trend analysis may also lead to the failure of a trader. Want to know what mistakes a trader in the forex trend analysis? Come, see detailed information below.
Taking info from untrusted sources
There are some traders who prefer to make forex predictions today or at the time he was trading with fundamental analysis rather than using technical analysis. This is not because the analysis easier by just looking at or looking for information on economic news or politics of a country whose currency became actors in forex. As with the technical analysis using charts or indicators.
But unfortunately, the ease of fundamental analysis traders get lazy sometimes make searching for the best information. Sources which were first discovered whether it be from the site, television, newspapers, or any broker that is the reference without first know whether or not the source is reliable. As a result, the analysis results become inaccurate.
Technical analysis is predicted promises accurate results. No wonder so many traders are also using this analysis. But unfortunately, not a forex trader made a mistake in doing this analysis. What? One is the inaccuracy that ultimately makes the results of the analysis will be less accurate. In fact, this analysis requires trader for thorough. Therefore, at any time even every second there is always a change.