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Basic mistake we make

fxashely89
May 07 at 06:15
26 posts
Becoming too emotional about money and not understanding the market properly are the most common mistakes traders make.
Akasuki
May 07 at 06:46
512 posts
terylewasia posted:
Keeping the focus on money is not something newbies should do. They should stick to their trading plan.

If you do a deep analysis, surely you will find not a single trader who can deny the importance of demo account. Demo helps a trader develop his basement. But, it’s fully worse for a trader when he or she avoids trading in a demo account. Traders have to be very much tricky and these tricks can be learned by using demo account.
CraigMcG2020
May 07 at 14:13
324 posts
Akasuki posted:
terylewasia posted:
Keeping the focus on money is not something newbies should do. They should stick to their trading plan.

If you do a deep analysis, surely you will find not a single trader who can deny the importance of demo account. Demo helps a trader develop his basement. But, it’s fully worse for a trader when he or she avoids trading in a demo account. Traders have to be very much tricky and these tricks can be learned by using demo account.

There is definitely true. Each trader needs to utilise demo in its own way. It allows to trade any mistakes you are making and also to test new strategies. Anyone that doesnt just use it is missing a trick
vaperol
May 07 at 16:01
7 posts
To overcome the mistakes that a trader makes in the early stages, I advise you to pay attention to a demo account. When I started working with a broker from Amarkets, I did just that.
Suradi (FXOday)
May 08 at 22:38
304 posts
Maybe not all trader likes to work in a demo account because less emotional pressure, but when trading in a real account lack discipline, how to develop good mindset as trader need to understand their own selves, the mistake is not something that must to scary, but mistake may give us a valuable lesson if we take care with this mistake, next will be a concern and trying to avoid the same mistake repeated again.
Vomitoryy
May 09 at 03:47
22 posts
True, new traders do focus solely on earning profits as fast as they can and forget about acquiring proper knowledge of the market and just enter it blindly.
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