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Bad habits of beginner traders.

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

  1. EURUSD

    EURUSD Sergeant Major

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    Yes its included one disease as the beginner, they thinking easy to making profit in trading at the first time open trades if getting easy profit, sometimes leading them to become overconfident and then recklessly with making new deposit with bigger money, but what happen is often opposite, and not like as their dream at first time, and if already facing with margin call account then barely realize if making profit in trading forex is not easy
     
  2. Esannniki12

    Esannniki12 Recruit

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    The biggest bad habit of beginner trader is that they invest a lot of money without realizing the risks involved in it. They need to remain humble and trade within a limit. There is no need to complicate things for yourself. Otherwise, your stay in the forex market will be short lived.
     
  3. nahiyar

    nahiyar Private, 1st Class

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    Now people are quire learned they do not invest a big amount . However they do not use their investment in wise manner due to their low trading skill. Bad habit can be any for each trader. For a trader analysis is a weak point on the other hand less patience can be a big hurdle for people who make good analysis .Until all things not work correctly good trading not occurs.
     
  4. EURUSD

    EURUSD Sergeant Major

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    However investing money in risky business namely forex is only spent money that afford to lose, there are so many traders that first imagine will easily to making money through forex trading, but actually is not like it, no holy grail system, but required good learning to achieved success, start with not big amount as long as still wise to manage overall financial management hence will safe to running this business
     
  5. Kokomaster

    Kokomaster Private, 1st Class

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    I note some bad habits in almost all beginners that firstly they think forex is easy profit making business. They do not put as much efforts but expect big profits in short time. Then another habit is not admitting their mistakes and they always blame market for loss.
     
  6. EURUSD

    EURUSD Sergeant Major

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    Blaming the market for loss is not a wise decision, the market always true, if any trade facing with loss trades and then blaming the market, in my opinion, he works as a gambler, only relying upon luck and never learning how the market work, but for trader that want to develop trading strategy he will learn why market move to bullish o bearish
     
  7. Waldai

    Waldai Recruit

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    Luck of experience and knowledge can be a significant setback with Newbies. But , bad deals should be perceived not as neceserrally something negative but as a great source of knowledge and experience if thoroughly analysed of what went wrong
     
  8. nahiyar

    nahiyar Private, 1st Class

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    Certainly traders do many irrelevant things in forex they do not understand its nature and go towards high risk trading . These things are manageable . If they try to invest less amount in start they will get all precious experience through it then mistakes will automatically less . They will come to approach , knowledge and skill and market assessment.
     
  9. Qasim waqar

    Qasim waqar Private, 1st Class

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    I think we should not always blame new trader for mistakes that they make as a beginner. It is for everyone. They will only learn from experience and practice. All negativity is not due to traders, forex itself is a difficult and volatile market so have patience to learn and earn.
     
  10. Qasim waqar

    Qasim waqar Private, 1st Class

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    Each trader has its own reasons and weaknesses for loss. We cannot say all are suffering from same problems. I also experience the great loss due to different reasons. Important thing is to learn from the mistakes and not repeat them.
     

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