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Bad habits of beginner traders.

Discussion in 'Beginners Bootcamp' started by Jeff Martinez, Oct 27, 2017.

  1. Notati

    Notati Recruit

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    Certainly, new and inexperienced people are targeted group. The best approach is for each beginner to research well these offers and understand how it all works, and then decide whether to enter this game or not. However, greed might be only one of the reasons for people to jump into these schemes
     
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  2. Notati

    Notati Recruit

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    Beginners are keener to make mistakes and it is natural. A child learn to walk after falling several times. Same thing happens on the forex market as well. A good trader is the one who learns the things quickly and adopt the market conditions quickly. Do you agree with me?
     
  3. 7Bulletin

    7Bulletin Private, 1st Class

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    They are beginners, and they have all bad habbits which all other people have here for many many things. I do not understand what it is really. It's something like that in sports, science, business offline and everything else you can even imagine.
     
  4. momo3HC

    momo3HC Corporal

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    The most bad ones are greed and not learning from their own mistakes.
     
  5. Enayess

    Enayess Private, 1st Class

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    I would say it's not learning theory big enough, not spending enough time with some demo account to learn the ropes, then probably going with unregulated broker and some other people as well. Allowing themself to trust big amounts to fresh broker without initial withdrawal.
     
  6. Boyd35

    Boyd35 Recruit

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    I dont blame new traders for making mistakes. This market is very tempting, especially idea about earning money. Certainly mistakes are not necessarily bad as long as they are ready to learn something new from this experience
     
  7. JamesForexSlayer

    JamesForexSlayer Corporal

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    My toughest habit early on to break was placing a trade and then watching it like a hawk on mt4! Even though I had TP and SL in place.
     
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  8. walpants

    walpants Private, 1st Class

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    My worst habit is and still is seeing profit and closing to early!
     
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  9. nahiyar

    nahiyar Private, 1st Class

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    Yes this habit is with almost all traders they are in hurry to close trades even they get some pips. I must say it is safe way to collect profits because they do not put themselves in risk by waiting more profit they fear they can loose earned profit if they remain open positions. In this way they are able to collect only some profit , After some experience they can get confidence to remain stay in market to get more safe pips.
     
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  10. JamesForexSlayer

    JamesForexSlayer Corporal

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    Yes I definitely see where you are coming from. Those nice blue numbers are tempting.
     
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