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What are common mistakes forex traders make?

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lack of trading plan

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Not tracking the average loss and profit each trade is a major trading error that many traders commit.

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Prior to a major news event, traders often initiate trades in order to capitalize on the volatility. However, in the majority of cases, such a move is unsuccessful. During periods of high volatility, the price fluctuations during online forex trading may be unexpected. Even in the event of a positive news event, the price movements in the currency pair may not be accurate. The best way to avoid making this mistake is to wait until the volatility has subsided before initiating any deals.

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One common mistake among forex traders is that after encountering a loss, they attempt to recover by trading more, often leading to increased risks and further losses.

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The common mistakes in forex trading is lack of trading plan

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Typical errors among forex traders include overleveraging, insufficient research, emotional decision making, and ignoring risk management, which can lead to substantial losses. It's crucial to maintain discipline, stay informed, and adhere to effective trading strategies.

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the one common mistakes of forex trader is the emotional decision making because they having a block mentality that cause of forgetting the trading strategy 

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Yes

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Missing out on your homework. Currency pairs are influenced by a variety of factors and are intimately tied to country economies.

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