EbonyJones posted:
Most of the new traders want to make money quickly in this market. This is the most common mistake. For making money quickly most traders make wrong decisions and lose their money.
Correct. Forex is not a quick and easy way of getting rich. Results are seen with those only who work hard for it, practice and give their best.
Ima think there're lot of things newbiess're doin' wrong.
Startin' with tradin' live acc without openin' demo one.
Don't know how calculate their mm (money managment).
Set too large drowdawn. And it applys to all traders. Many of them doin' it and then loose.
Yeah Ima doin' it too some time. Bad habbit.
Don't analyze market or doin' it circumstances.
Ima think there're lot of mistakes. Choose you like.
Cheers.
Startin' with tradin' live acc without openin' demo one.
Don't know how calculate their mm (money managment).
Set too large drowdawn. And it applys to all traders. Many of them doin' it and then loose.
Yeah Ima doin' it too some time. Bad habbit.
Don't analyze market or doin' it circumstances.
Ima think there're lot of mistakes. Choose you like.
Cheers.
Ima do what Ima want to
Most of the new traders face problem to choose a good and reliable broker.
Sep 28 2020 at 07:05
yes , newcomers always fall a great trouble when choosing a broker , because top rating brokers always have tight spreads and large amount of deposit. its a great problem for newcomers.
honestly speaking , i trade most of the time in demo ,
but the knowledge i have gained i fail to use that when trade in a real account.
but the knowledge i have gained i fail to use that when trade in a real account.
Sep 28 2020 at 07:24
It is not all about choosing the top rating broker, but yes it helps if you research on which broker do you think it suitable for your trading style and look for that.
ZzzzzzzZ posted:
Ima think there're lot of things newbiess're doin' wrong.
Startin' with tradin' live acc without openin' demo one.
Don't know how calculate their mm (money managment).
Set too large drowdawn. And it applys to all traders. Many of them doin' it and then loose.
Yeah Ima doin' it too some time. Bad habbit.
Don't analyze market or doin' it circumstances.
Ima think there're lot of mistakes. Choose you like.
Cheers.
So true with first two. I have seen some memeber in here saying that they opened a live account and they have no idea what to do next. That is how you know you are starting on the wrong foot.
Sep 30 2020 at 01:33
Yes, you are right, most traders try to make a lot of money from Forex in a short time. As a result, they lose their important investment. It is possible to make a lot of profit from trading but to do that you must maintain discipline. You have to trade according to the plan. And you always have to maintain risk. If you can trade in this way, you can be satisfied with some profit at the end of the month.
These are all their greed, not the ability to endure and achieve results, we make every effort, therefore, they say that the percentage of those who earn is quite small.
Sep 30 2020 at 19:07
Most of the new traders make mistakes to choose their trading broker. A good and reliable broker can make you rich. On the other hand a wrong or fake broker can put you in great danger in the forex market. So, be careful of choosing a broker.
EbonyJones posted:
Most of the new traders make mistakes to choose their trading broker. A good and reliable broker can make you rich. On the other hand a wrong or fake broker can put you in great danger in the forex market. So, be careful of choosing a broker.
Yes. A good and reliable broker is very mandatory to survive in this risky market.
Andronn posted:
These are all their greed, not the ability to endure and achieve results, we make every effort, therefore, they say that the percentage of those who earn is quite small.
Greed is the most dangerous thing in this market.
Aug 07 2021 at 16:39
Newbies are more eager to real trading without learning first.
Aug 18 2021 at 16:02
That’s true. I think a lot of beginners skim the details and rush to open an account with little to no demo practice or education. People think it’s so easy and then just get bored of it when they realize how much goes into it.
Aug 20 2021 at 05:28
HeavLeighGill26 posted:
That’s true. I think a lot of beginners skim the details and rush to open an account with little to no demo practice or education. People think it’s so easy and then just get bored of it when they realize how much goes into it.
Yes, and that is why I always keep on repeating this thing to my fellow traders that trading is an art and skill both, it only comes when you practice practice practice and practice....
The more your practice, the more you learn.
You just really need to approach this issue responsibly and seriously, and then there will be a result.
Aug 30 2021 at 06:47
It is true that most new traders start trading with the hope of becoming rich instantly but this is not something that can be achieved this easily. Making money through trading takes time and effort. A trader must be knowledgeable enough to make profitable decisions. And it is not just about making more money but also about protecting their capital when in the market.
Aug 30 2021 at 09:24
SofieAndreasen posted:
Newbies are more eager to real trading without learning first.
Yes. Most traders don't want to learn before investing their money.
Aug 30 2021 at 17:03
SteveHanks posted:SofieAndreasen posted:
Newbies are more eager to real trading without learning first.
Yes. Most traders don't want to learn before investing their money.
True, many think this is get rich quick scheme and can easy buy or sell on moving average cross over. How sily
Aug 31 2021 at 01:44
New traders have a lot of emotional problems. That's why beginner traders need to work with psychology first.
