1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Bad habits of beginner traders.

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

  1. DaveT

    DaveT Corporal

    Joined:
    Feb 8, 2019
    Messages:
    105
    Likes Received:
    16
    Trying to do too everything before mastering anything is a common newbie error. Master one aspect at a time an then move on to the next.
     
  2. Etedus12

    Etedus12 Corporal

    Joined:
    Dec 9, 2018
    Messages:
    119
    Likes Received:
    17
    Beginners make several mistakes and in most cases, they don't check the calender of events to know the direction in which the market balance will tilt. If they do, they don't know how to intepret and make informed decisions. Major political occurances affect the trade mostly and is the failing point of many newbies who do not pay attention to events calendar at the begining of every week before trading.
     
    DaveT likes this.
  3. DaveT

    DaveT Corporal

    Joined:
    Feb 8, 2019
    Messages:
    105
    Likes Received:
    16
    True
     
  4. SanioTire

    SanioTire Recruit

    Joined:
    Jul 19, 2018
    Messages:
    51
    Likes Received:
    2
    It is right that newbies don’t check economic calendar, but it is questionable if they know what to watch. I think that it takes time to understand the impact of economic releases on value of currency. This is why they are more focused on technical analysis
     
  5. RachelEB

    RachelEB Private, 1st Class

    Joined:
    Feb 9, 2019
    Messages:
    48
    Likes Received:
    17
    A big mistake but an easy one to fix..... is being distracted by all the hype that goes around.

    If you can block out the promises of how easy it can be and how much money you can make, and stick to the nuts and bolts, any new trader will make progress quicker.
     
  6. bigdolly

    bigdolly Sergeant Major

    Joined:
    Oct 21, 2013
    Messages:
    828
    Likes Received:
    60
    News impact is always different and sometimes contradicts some very rational expectations. That's why I consider news-induced movements unpredictable which complicates making returns trading on such catalysts
     
    RachelEB likes this.
  7. beginnertrader2019

    Joined:
    Feb 11, 2019
    Messages:
    13
    Likes Received:
    2
    great thread!
     
  8. Gateluri

    Gateluri Recruit

    Joined:
    Oct 30, 2018
    Messages:
    41
    Likes Received:
    3
    Obe of the most common mistake that every beginner do is that they come to this platform without having knowledge and experience about that Forex trading. They should have to learn well before coming to that platform and demo accounts help them in understanding that market.
     
  9. KristenLove

    KristenLove Highly Suspicious Person

    Joined:
    Feb 1, 2019
    Messages:
    26
    Likes Received:
    3
    The worth thing you can do is to get emotional. It distoyed everything. At least I experienced so
     
    RachelEB likes this.
  10. OksanaChyzh

    OksanaChyzh Banned Spammer

    Joined:
    Feb 5, 2019
    Messages:
    32
    Likes Received:
    4
    Feel like it's one of my bigest problems:(
     

Share This Page