1. Investing With Insufficient Knowledge
Regardless of the market, we need to have solved the dynamics of the market in which you will invest. What are the factors affecting the market prices? How do economic events affect prices? What is leverage? How to analyze price movements and how to interpret them? Trading in the forex market is no different from playing a game of chance without having basic or technical analysis knowledge like these.

2. Investing Without Determining the Right Trading Strategy
The traders must have a definite plan. Forex investment without an investment plan or trading strategy can cause more losses than gains, and it can also cause us to lose our motivation emotionally. Therefore, before making an investment decision, it is necessary to create a profit target, set the investment period and correctly calculate the amount required for the investment.

3. Not Sticking to the Strategy
One of the most common mistakes in the Forex market is not to comply with this strategy during the investment period after creating the investment strategy. Since the Forex market is a very dynamic market, price movements can change rapidly in an instant. When the price movement in the market and the open position are not in the same direction, a loss situation occurs. At this point, if the traders panics and trades where he should not trade, or closes the trade early in case he has to wait before closing the position, it may cause loss. That's why it is just as important to stick to the strategy as it is to create a strategy when investing in the forex market.

4. Acting Emotionally While Trading
As you know, forex is a risky market. Therefore, when trading in forex; along with the necessary knowledge, equipment and strategy, it is necessary to be cold-blooded. Wrong decisions taken in panic in instant price changes and wrong positions entered are among the mistakes that forex traders make the most. It should not be forgotten that every loss is a valuable experience for the trader. In order to be profitable in the Forex market, analysis and knowledge as well as psychology management must be done well. A trader who manages the crisis well often makes a profit.

5. Overconfidence and Impatience
Generally, novice and nonchalant traders make mistakes by being impatient when trading. If you have determined your profit target, established your entry and exit points, and the amount of loss you can afford, the next step is to stick to that strategy and stay in the trade as long as the strategy requires or close the trade. However, most forex traders act hastily and in the slightest reversal, they can end the trade before the prices reach the stop loss level they set, or they keep the trade open despite the stop loss level being passed until the desired profit amount is achieved. At this point, the important thing will be to continue to comply with the steps set in the strategy. The agreed loss level should not be exceeded, and when the target is reached, the transaction should be closed decisively so that the amount of profit earned is not put at risk.