newbie mistakes

holycow

Master Sergeant
Messages
294
Yeah losses are not real yet we can evaluate our drawbacks which led to such losses. Demo account in my opinion is good for learning forex processes more easily than any other method.
 

pezz55

Sergeant
Messages
134
genuinely i think you have hit the nail on the head. thinking you can make quick profits. when you need to manage risk to reward every time you place a trade
 

Chiyo

Private, 1st Class
Messages
46
Most of the newbies make mistake in the beginning by thinking that forex is a get rich quick scheme and fail to understand the relevance of risk and money management.
 

Mneri

Private, 1st Class
Messages
35
The mistakes that newbies mostly make is think that they can skip the learning process and jiust begin trading. Trading has been simplified and it is a matter of just buying and selling on a graph. If you do that then you are just playing with luck and it may or may not go bad for you. You need to know and not just practice.
 

Purekiller

Recruit
Messages
98
Making mistakes is normal. You don't need to blame yourself for it for a long time; you need to reboot yourself quickly and move on. You may want to take some time to analyze your mistakes and enter the trading log. You should also review your trading strategy and learn how to manage your capital correctly so that your account does not collapse in the future.
 

Socar

Recruit
Messages
1
I think the main mistake is watching on how uou loose your money:)
Or even how much you earn on forex. It makes you nervous and you can make more mistakes.
 
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