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What is the big mistake?

Discussion in 'Beginners Bootcamp' started by Jeff Martinez, Oct 4, 2017.

  1. Notati

    Notati Private

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    The biggest mistake you can do in forex trading is that they trade in forex without knowing any sufficient knowledge about the market. They need to realize that forex trading is not for anyone. You need to spend a lot of time in understanding the basics and fundamentals of the trading process.
     
  2. dianajs

    dianajs Private, 1st Class

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    How long did you spend studying the basics? For me it was several months.
     
  3. EURUSD

    EURUSD Sergeant Major

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    Because there are so many traders that getting fail in this arena, hence will become wise decision if any newbie trader they willing to spend time learning through demo account, without any experience in forex trading, almost will closely to face with failure, forex trading need good preparation before starting with real money
     
  4. dianajs

    dianajs Private, 1st Class

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    Trading on a demo account is vital, but some things one can only learn on a live account, in my opinion. There pressure trading on a demo account is very different from trading on a live account.
     
  5. nahiyar

    nahiyar Private, 1st Class

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    Yes we feel different type of pressure with live trading. Demo trading gives you idea to face different strict trading conditions but live atmosphere is more forcing on minds. Thinking of trading easy is a mistakes then without practice and experience expect profit also a big mistake.
     
  6. scott11

    scott11 Recruit

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    There are many mistakes that traders make while trading, these include that they don't have expertise to trade, if they don't have expertise to trade in the foreign currency market, they don't know the appreciation and depreciation rate of particular currenct they are trading in.
     
  7. bigdolly

    bigdolly Master Sergeant

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    What's the most difficult issue that you encounter in your trading guys? Please share your experience
     
  8. Qasim waqar

    Qasim waqar Private

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    Money management and revenge trading are two problems for me. When trades are going in loss then I start to lose my patience and things are ruined.
     

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