Bad habits of beginner traders.

fxoday

Recruit
Messages
719
Maybe included one bad habit for beginner traders, when they face small floating profit, then cut profit too early, even the trend still continues, but when face big loss floating only hope the price will move to the early track until margin call occurs.
 

fxoday

Recruit
Messages
719
most beginner traders want to make a lot of money in a short time
Usually, the first time learns to trade, a beginner are highly excited because found one business that seems so easy to make money after reading certain trading system and hurry to jump real trading, but when fail then just realize if this is not easy, all need process.
 

holycow

Master Sergeant
Messages
380
When the real money is involved in trading panic might comes out like anxiety which we have to overcome and it might take some time overcoming it.
 

fxoday

Recruit
Messages
719
When the real money is involved in trading panic might comes out like anxiety which we have to overcome and it might take some time overcoming it.
The uncertain market condition sometimes makes traders get panic because the trend market moves not to like as their favor, how to minimize such condition, plan trading may help to prevent panic on its condition.
 

holycow

Master Sergeant
Messages
380
I prefer not to enter market when the markets are very uncertain and instead i wait for the setups with confirmations to form in order to take a trade and make profits.
 

fxoday

Recruit
Messages
719
I prefer not to enter market when the markets are very uncertain and instead i wait for the setups with confirmations to form in order to take a trade and make profits.
Patience is needed actually to wait for trading setup confirmation because patience can make the traders work discipline-based trading rules and setup, maybe for beginners patience is like waiting for his girl on the first date.
 

bigdolly

2nd Lieutenant
Messages
1,233
Newbie traders often lack understanding what trading size they have to choose, as a result they make their account to vulnerable to volatility as risk-to-equity is excessive.
 
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