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Bad habits of beginner traders.

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

  1. sararashid

    sararashid Recruit

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    Yes, true
     
  2. EURUSD

    EURUSD Sergeant Major

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    Yes, there are so many article related forexes out there, but most important us practice, with practice, will make perfect, if not having the capital to start trading in real account, hence demo account also good way to learn and improve skill trading
     
  3. JamesForexSlayer

    JamesForexSlayer Corporal

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    Demo account is needed for sure. I did almost 2 years before going live.
     
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  4. bigdolly

    bigdolly Sergeant Major

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    How smooth was your transition? Did you start to make profit immediately or there was period adaptation where you learned how to cope with weaknesses that were hidden during demo trading? It was quite painful experience for me to move from demo Hotforex account to live because one single losing trade made me crazy, I entered "revenge" mode and lost my first deposit.
     
  5. JamesForexSlayer

    JamesForexSlayer Corporal

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    I started with 0.01 lots to help the transititon, it was tough though and definitely an eye openeer. I started caringtoo much about every trade and trying to micro manage them.
     
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  6. walpants

    walpants Private, 1st Class

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    yes i see what you are saying, its not such a bad habit i guess but it sure is frustrating when you see it go to your original tp but you already closed out
     
  7. walpants

    walpants Private, 1st Class

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    they sure are, profit is profit though i guess, just a pain when you realise it could of been more!
     
  8. DaveT

    DaveT Corporal

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    That's the way to do it. Micro lots until comfortable
     
  9. JamesForexSlayer

    JamesForexSlayer Corporal

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    Certainly helped with the emotional side, live account micro lot
     
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  10. Kokomaster

    Kokomaster Private, 1st Class

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    And as you will shift to bit large lot size you will again start feeling uncomfortable. The thing is you have to make your mind that how much you can afford to lose in a single trade and then you will start feeling normal about any trade.
     

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