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Bad habits of beginner traders.

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

  1. dianajs

    dianajs Private, 1st Class

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    My solution was two things - gaining experience and engaging in self-reflection to figure out where I did wrong. Mind you, I am still working on my mistakes, I am very far from not making any of them.
     
  2. bigdolly

    bigdolly Sergeant Major

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    Yeah learning on your mistakes is your best way to study. Every trader should go through its own hard path of learning, it is pretty different from trader to trader.
     
  3. EURUSD

    EURUSD Sergeant Major

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    Like as some people said, experience is the best teacher for us, if we can learn from our mistake and able to learn better from our experience, hence it will get betterment trading skill, avoid bad habit during trading like as using big lot size, or rush and panic, sometime newbie rush if look small profit floating then closed immediately but if look loss floating hence let account get margin call
     
  4. downtrend

    downtrend Sergeant

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    Depending on your personality types your trading habits are also change from one another. Some traders are shy to take risk , others are very risky ,both do wrong . Over confidence , not use stop loss in trading , hurry , use bid lots, having no management plan are also bad habits of traders.
     
  5. dianajs

    dianajs Private, 1st Class

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    True, every experience is different because different people have different learning curves and different circumstances under which they study how to trade.
     
  6. AlecR

    AlecR Private, 1st Class

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    Many beginners are in a hurry of making profit so first step should be learning and following the trading strategies with discipline otherwise trade may goes against and loss may occur.
     
  7. Tommymccloud

    Tommymccloud Recovery Room Scammer

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    yeah we should be careful when seeking for help,so we dont fall to the wrong hands after many years
    of losing in binary trading I finally got a strategy,
    Trading binary options is much more easier than trading forex why? Understanding the signals it gives you can
    apply strategies to it and become successful,Binary trading has its own risk and advantages. What determines your
    earning is your strategy. My strategy earns me weekly payout, That to me is an amazing performance.
     
  8. pwettyanabel

    pwettyanabel Recovery Room Scammer

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    There are many mistakes a newbie trader can make and they usually stem from lack of knowledge and experience. In order to avoid them as much as possible it's a good idea to both trade on a demo account and to stick to what they do know as they gradually expand said knowledge.
     
    Tommymccloud likes this.
  9. Tommymccloud

    Tommymccloud Recovery Room Scammer

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    I also like long term strategy . It helped me to gain small profits. Gradually I work on long term ,Long term strategy needs a lot of experience as well as good capital , Because we have to plan it well
     
  10. dianajs

    dianajs Private, 1st Class

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    What time frames do you use for your strategy?
     

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