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Number one biggest mistake

RobertFerrari
Sep 29 at 19:45
224 Posts
MarcellusLux posted:
There are no largest and no smallest mistakes. They cannot be compared, because anyway, it will lead you to unsuccessful trading. Everything is important here. Every detail of a trading strategy must be part of a large and complex mechanism, doing its own little job, without which the whole machine will stop.
And there is nothing wrong with considering forex as an easy way to make money if you are a professional.

Yes. But Every trader should make their mistakes as their learning tools.

Marcel Durham (MarcellusLux)
Sep 30 at 09:39
95 Posts
RobertFerrari posted:
MarcellusLux posted:
There are no largest and no smallest mistakes. They cannot be compared, because anyway, it will lead you to unsuccessful trading. Everything is important here. Every detail of a trading strategy must be part of a large and complex mechanism, doing its own little job, without which the whole machine will stop.
And there is nothing wrong with considering forex as an easy way to make money if you are a professional.

Yes. But Every trader should make their mistakes as their learning tools.

Gaining experience through mistakes is valuable knowledge, and even now, with 12 years of trading experience, I always check my algorithm after mistakes and look for perfection.

Tradextol
Oct 13 at 06:28
57 Posts
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.

sphinxo
Oct 13 at 07:08
10 Posts
skihav
Oct 13 at 12:55
371 Posts
Most often, the reason is that traders can take unnecessary risks.

Treeny
Oct 13 at 20:27
176 Posts
Greed will be the undoing of most newbies

Williamfreed
Oct 14 at 01:49
75 Posts
Most of the new traders come within trading and only wants to earn money but they have no knowledge and skills. So before start always learn about forex and after it, you can make good money.

araventhan
Oct 14 at 04:15
2 Posts
What 'skill' do you think is important to learn in order to make money in FOREX ?

araventhan
Oct 14 at 04:16
2 Posts
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 ?

manirex
Oct 14 at 04:43
18 Posts
The top level mistake of every trader is start trading with half knowledge.

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