Bad habits of beginner traders.

ScottHughes

Corporal
Messages
97
see people over leveraging their accounts in the groups i follow. Also see people testing huge demo accounts with massive lots then going live with £300
 

scott11

Recruit
Messages
152
Rushing into real account. Instead of this it is much better to take your time on demo account and try to improve your trading strategy in a way that produces majority of profitable deals. Only than you can move to real account and trade real money
 

7Bulletin

Sergeant
Messages
137
It seems to me that the most harmful habit of all new traders is greed. All new traders come to trade to earn big profits as soon as possible. They often forget that trading is not an easy thing, which requires a lot of experience and skill. Therefore, to get rid of greed, I advise you to create for yourself the right management of your investments and follow the rules in trading, which will help you avoid losing your capital.
 

Albert Dcosta

Private, 1st Class
Messages
68
Yes,it is the biggest reason that makes traders disappointed. They deal in demo with high capital and invest a little money. They expect the profit which they made in demo trading. The habit disturbs traders when they take the ris as they did practice on demo and they are not able to get more money out of it. In spite of profit they have to face loss due to wrong ratio of risk reward management.
 

Talar

Private, 1st Class
Messages
62
For me, the main bad habit of new traders is greed and self-confidence. Newcomers come very hungrily to earn money and take trading as a casino, not realizing that without knowing they will not be able to earn. They lose their investments and are disappointed. So I always advise newcomers to trade on a demo account before switching to a real account.
 

JamesEdwards98

Private
Messages
85
The trader who has been battling for a considerable length of time needs to discover what works best for them, as well as need to bring an end to any unfortunate propensities and set aside negative emotions they may have developed throughout the years. This is on the grounds that a starting trader hasn't had sufficient energy to make any unfortunate propensities. Be that as it may, regardless of in case you're a starting trader or you've been trading for a considerable length of time, there are a couple of price action trading procedures that you ought to dependably keep in your back pocket.
It all changes when you go live I think.

Psychology pays a big part. Strategy is only a small percentage.
 

Marceloguedes

Private
Messages
22
Sitting and waiting to recover their losses, without knowing the importance of exiting a position at the right time. As a result, they incur much higher loss. New-comers should know that trading is to be done in a systematic manner, they can't just sit back all day long and wait for markets to become favorable. Good traders should be able to take correct decisions at the right time.
 

jim67

Private, 1st Class
Messages
144
Sitting and waiting to recover their losses, without knowing the importance of exiting a position at the right time. As a result, they incur much higher loss. New-comers should know that trading is to be done in a systematic manner, they can't just sit back all day long and wait for markets to become favorable. Good traders should be able to take correct decisions at the right time.
much better to cut those loss's and learn where you went wrong rather then chasing a lost trade
 
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