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Number one biggest mistake

Nathan_Han001
Oct 14 at 08:24
16 posts
One of the major mistakes is to trade with emotions.

CocoChannel
Oct 14 at 08:37
28 posts
Michihito posted:
Number one biggest mistake new trade do is they treat forex trading as a money machine. Open trade and make profit. They think it is the easiest job in the world. But in reality you need profound understanding of the market. My advice to new trader is gain necessary knowledge and skills.

I agree with you, new traders often come into the forex market considering it a quick money making machine due to which they do over trading and put themselves in risks.

Seb King (sebking1986)
Oct 14 at 11:52
89 posts
Biggest mistake I made early on was the same most make I think - trying to make it pay me before I had a clue what I was doing!

If you can't spot the liquidity then you are the liquidity.
skihav
Oct 14 at 18:18
196 posts
One of the key mistakes is ignoring work on a demo account. I would advise, on the contrary, to pay enough attention to this.

croisssan
Oct 15 at 09:42
338 posts
It is quite common for traders to make mistakes, especially beginners. As for me, this is quite normal, considering that these people have no experience in trading.

karenpeters
Oct 16 at 07:30
30 posts
Beginners in forex trading often make the same mistake of not getting the proper education before trading. Trading without a proper education is a very dangerous thing to do and can cause you some serious damage.

skihav
Oct 16 at 07:55
196 posts
The biggest mistake I have noticed is that traders start to work, but they do not have enough experience. When I started working with a broker, for this I worked for a certain time on a demo account.

Tradextol
10 hours ago
42 posts
araventhan posted:
Tradextol posted:
Nuadahuginn posted:
The first thing a newbie should do before trading seriously is to learn the fundamentals of not only trading but also of economics. It is necessary to have at least wide knowledge about all the economic stuff like demand and supply, price, interest rates, etc. This will help you a lot.

This makes so much sense. Knowing economics is very necessary especially in forex, because the entire market is dependent upon how one country’s economy works. Many people tend to ignore it but in reality the knowledge of economics differs an excellent trader from an average trader.


Ok, what and where to learn this things ?


You can get a bunch of relevant information online. Just search about the topic on Google. Youtube is another platform where you can get videos related to the topic. I hope it will help you.

skihav
8 hours ago
196 posts
Traders make a lot of mistakes when they just start working in this industry. This is quite normal, but you still need to be more careful.

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