For Novice traders

[Nisoro]

Common mistake novice traders make is that they look at the past pattern and assume that it would continue. More often than not, the time they enter would be the beginning of a reversal. How have people with contrarian strategy fared??

 

[Naxramos]

It's all correct, the most important thing is to prepare yourself and realize that financial activity, especially Forex, is associated with extremely high risks. And one should bear in mind, especially the newbies, that it's completely normal to lose your investments.

 

[Rizog]

Common mistake novice traders make is that they look at the past pattern and assume that it would continue. More often than not, the time they enter would be the beginning of a reversal. How have people with contrarian strategy fared??

If I've got you right, you suggest trading against the trend? the fact that most indicators show the past is true, though.

 

[Morten]

then you need to learn bout Forex seriously before you start any trade. Otherwise a trader just won't know what to do in similar situations, which is bad.

 

[Nisoro]

That happens everywhere in life. The question that you don’t prepare is asked in the examination! So, stay away from such generalization. Stick to fundamentals of trading and don’t carried away by emotions.