Beginners make several mistakes and in most cases, they don't check the calender of events to know the direction in which the market balance will tilt. If they do, they don't know how to intepret and make informed decisions. Major political occurances affect the trade mostly and is the failing point of many newbies who do not pay attention to events calendar at the begining of every week before trading.Another purely practical mistake newbies do - and it was a mistake I too made as a newbie - was not checking a Forex calendar at the beginning of the week before they ever start trading. There always events that affect the market, some a lot more than others, and if you don't know they are coming you can miscalculate when opening positions.
Beginners make several mistakes and in most cases, they don't check the calender of events to know the direction in which the market balance will tilt. If they do, they don't know how to intepret and make informed decisions. Major political occurances affect the trade mostly and is the failing point of many newbies who do not pay attention to events calendar at the begining of every week before trading.
News impact is always different and sometimes contradicts some very rational expectations. That's why I consider news-induced movements unpredictable which complicates making returns trading on such catalystsIt is right that newbies don’t check economic calendar, but it is questionable if they know what to watch. I think that it takes time to understand the impact of economic releases on value of currency. This is why they are more focused on technical analysis
Feel like it's one of my bigest problemsThe worth thing you can do is to get emotional. It distoyed everything. At least I experienced so