I find that one of the basic mistakes of new traders is their focus only on earning money. It is better in the beginning that your focus is on learning and gaining necessary experience in order to make one profitable strategy, then on simply chasing profits.
Biggest mistake is not making anything good from that matter and how do you plan to go further in life with that matter out there. I am totally and completely disrespected will be by such decisions, that's why I am always looking for some improvement ways on that.
Michihito posted: I find that one of the basic mistakes of new traders is their focus only on earning money. It is better in the beginning that your focus is on learning and gaining necessary experience in order to make one profitable strategy, then on simply chasing profits.
Great advice, I think a lot of people neglect using demo accounts - that's always a good place to keep practicing and honing your strategy.
CanoeMussy posted: It is fair for all the beginners to think of earning money because the majority of traders who enter the forex market want to earn instead of learning.
I can agree to that but this is also true that among the ones who have this thought, many just blow away their account. The reason is quite justified that they don’t take the load of learning and trade without having any knowledge which in turn brings them loss. A trader should at the least know the basics. Some broker platforms also have a good amount of educational stuff on them, such as etoro, turnkeyforex, pepperstone, etc.
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