Bad habits of beginner traders.

Clay Davidson

Recruit
Messages
98
The worst habit of beginning traders is a wish to get everything right now. The market doesn't like such traders, because it's impossible to get everythingright now. In my opinion, novices have to be wise and have a wise approachto trading, otherwise they will be eliminated by the market too fast. Of course, there are some traders who get success in very short period, however it's just a unique case. The vast majority of traders are eliminated by the market because of their wishes to get everything right now. So, never rely on luck in trading, because it literally doesn't work. Rely only on your personal knowledge, experience and skills.
 

Manalmeena

Private
Messages
34
The main bad hbit which all new traders have are hopes for fast money. I wish all beginners would inderstand this rul that there are no fast money in trading. Of course, once you can be lucky with the position or maybe twice, but it doesn't mean that you will get this fast money all the time. To my mind, new traders should learn and practice lot before getting started trading on a real account, because it can easily lead them to bad consequences.
The more time new traders will dedicate to practicing the more chances to become successful they have actually. As far a I concerned, the main mistake is rushing.
 

fxoday

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Messages
623
Indeed most novice traders when they find forex as a money-making machine, assume trading is a short term way to get earning, hope fast money in forex is only a dream, sometimes dream still unrealistic, different from reality, before they have a high dream, better wake up and learn how to achieve the dream.
 
Messages
288
The worst habit of beginning traders is a wish to get everything right now. The market doesn't like such traders, because it's impossible to get everythingright now. In my opinion, novices have to be wise and have a wise approachto trading, otherwise they will be eliminated by the market too fast. Of course, there are some traders who get success in very short period, however it's just a unique case. The vast majority of traders are eliminated by the market because of their wishes to get everything right now. So, never rely on luck in trading, because it literally doesn't work. Rely only on your personal knowledge, experience and skills.

So true, patience pays in this game and it is not a straight line trajectory to success sometimes your progress falls off a cliff for no apparent reason but once you have resolve you'll get there imo
 
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