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Bad habits of beginner traders.

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

  1. jonas98

    jonas98 Highly Suspicious Person

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    getting carried away by emotions is the most harmful habit
     
  2. dianajs

    dianajs Private, 1st Class

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    Certainly. That manifests in many different ways - revenge trading, closing positions too early, or too late, or not being sure what to do, etc.
     
  3. Desacete

    Desacete Recruit

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    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!
     
  4. maria_taylor

    maria_taylor Recruit

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    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.
     
  5. dianajs

    dianajs Private, 1st Class

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    I agree. Forex requires spending some time learning how to assess the market, one cannot forego that step and hope to be successful.
     
  6. Desacete

    Desacete Recruit

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    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.
     
  7. Rizog

    Rizog Private, 1st Class

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    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.
     
  8. emily_smith

    emily_smith Recruit

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    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.
     
  9. bigdolly

    bigdolly Master Sergeant

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    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.
     
  10. EURUSD

    EURUSD Sergeant Major

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    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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