Overtrading is a costly mistake in forex trading

[Potuse]

There is a common mistake that is common to all traders even the purported professional forex traders also commit same mistakes and it is overtrading. It is not peculiar to beginners but the professionals also indulge in overtrading which is a costly mistake.

 

[Planbizzle]

Overtrading in forex trading can result in larger losses, lower profitability, more transaction costs, and mental exhaustion, making it a serious error to avoid.

 

[Yohanna]

Greed is one of the things that will make a forex trader engage in overtrading not knowing that if the market is not favorable, it will result in a colossal loss which could be detrimental.