Bad habits of beginner traders.

Desacete

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156
At the beginning, many traders try to do a lot things at a time which makes their window complex. They also try to overlap different strategies on a single trade where they lost their way and they end up as a loser. You need to stay as simple as possible!
 

maria_taylor

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23
Many traders start trading without spending enough time to understand the Forex world, its fundamentals and technical. They have high hopes of earning huge profits in small span of time but ultimately quite trading because of losses, within a year.
 

dianajs

Private, 1st Class
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778
I agree. Forex requires spending some time learning how to assess the market, one cannot forego that step and hope to be successful.
 

Desacete

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156
The biggest bad habit of newbies and beginners is that they become impatient with their progress. They let their greed come in their way. They should have a self-assessment of their emotions. Their emotions can disrupt their success.
 

Rizog

Private, 1st Class
Messages
118
One of the bad habbit in the beginners is they wanted to become rich in a very little time and they do mistake in making a wrong investment and lose their money which is very important. Trading wants patience and a great strategy. You need time to understand the market and to earn the profit.
 

emily_smith

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Messages
18
Most of the traders join Forex in the hope that soon they are going to be super rich by trading but it never happens and most of them quit trading very soon with heavy losses. As Rizog said that trading requires patience, knowledge, good experience and off course good strategy to be successful.
 

bigdolly

Sergeant Major
Messages
853
getting carried away by emotions is the most harmful habit
It's not a habit, but our nature which is hard to overcome. That's why trading plan is part and parcel of successful trading which many newbie traders ignore, making trading a pure gambling.
 

EURUSD

Sergeant Major
Messages
1,133
Yes actually emotion as human nature, sometimes inevitable, but because forex trading need to do with calm minds, hence control emotion is very high important here, we need to keep discipline and follow our plan trading if we can work smart hence our account will safely
 
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