Is over-trading a good practice?

[Daantje Pieters]

Over-trading is believed to be consuming the entire equity of traders. Is it actually true or it’s a good practice?

 

[Fin_Trader]

I don't see anything good in over-trading. When a trader wants to be constantly in the market in order to constantly earn money, at this time frequent mistakes occur due to fatigue and overtrading. To make money on Forex you need to be able to wait for your trading strategy to give signals for trades. Moreover, when simultaneous and frequent trades are made, this leads to risk violations and a load on the deposit, which also increases the chance of losing it completely.

 

[skrimon]

Over-trading is believed to be consuming the entire equity of traders. Is it actually true or it’s a good practice?

Over-trading = Equity killer! Focus on quality trades, not quantity. Patience is key!

 

[Fin_Trader]

First of all, greed pushes people to engage in such trade. And greed in Forex is the main enemy of a trader and only leads to losses.

 

[Fxzombie]

Over trading is not good for account defense, because each order will incur trading fees, the more open orders, the more transaction fees will be charged and the more headache it will be to manage all the orders. Over trading is similar to being greedy, taking high risks aiming for high profits in a short time.

 

[Fin_Trader]

I think in order to trade profitably, it is the quality of trades that is most important, not the quantity. Therefore, we must be able to wait for the best conditions for transactions, and not try to constantly be in the market to make money.

 

[FX88FX]

I think in order to trade profitably, it is the quality of trades that is most important, not the quantity. Therefore, we must be able to wait for the best conditions for transactions, and not try to constantly be in the market to make money.

I 100% agree and confirm!