Bad habits of beginner traders.

Trying to do too everything before mastering anything is a common newbie error. Master one aspect at a time an then move on to the next.
 
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.
 
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.

True
 
It 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
 
A big mistake but an easy one to fix..... is being distracted by all the hype that goes around.

If you can block out the promises of how easy it can be and how much money you can make, and stick to the nuts and bolts, any new trader will make progress quicker.
 
It 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
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 catalysts
 
Obe of the most common mistake that every beginner do is that they come to this platform without having knowledge and experience about that Forex trading. They should have to learn well before coming to that platform and demo accounts help them in understanding that market.
 
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