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Newbie problem
Sep 24, 2020 at 13:59
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
Mitglied seit Jun 26, 2020
323 Posts
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.
Mitglied seit Sep 07, 2020
70 Posts
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.
Sep 29, 2020 at 11:42
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.
Mitglied seit Jul 20, 2020
286 Posts
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.
Mitglied seit Jul 20, 2020
172 Posts
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.
Mitglied seit Jul 23, 2020
696 Posts
Aug 07, 2021 at 16:39
Newbies are more eager to real trading without learning first.
Mitglied seit Aug 05, 2021
394 Posts
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.
Mitglied seit Jun 04, 2021
4 Posts
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.
Mitglied seit Mar 17, 2021
494 Posts
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.
Mitglied seit Aug 20, 2021
7 Posts
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
Mitglied seit Mar 16, 2021
447 Posts
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.
Mitglied seit Aug 31, 2021
3 Posts
Aug 31, 2021 at 12:58
Trading psychology is huge even with good strategies and trades this lack of confidence can kill good traders
Never give up
Mitglied seit Jun 14, 2021
51 Posts
Sep 06, 2021 at 11:16
@Kazile i agree, many new age traders ignore this issue, they think they have all the information and skill that is required to make quick bucks and go for a live account straightaway which then results in losing quick big bucks because they didn't do their proper market research and don't make use of demo accounts.
Sep 06, 2021 at 19:50
Michihito posted:
Most new traders think he is going to be rich within few months. He got the easiest way to make money quickly. The problem is they have been introduced forex like that. Most newbie traders do not know the ugly truth of forex trading. Forex is not an easy job to do. You need specific knowledge and skills. And for that you have to give time and efforts. It doesn't happen overnight. Not even in few months.
Deffiently not a get Rick quick
Mitglied seit Jul 23, 2020
696 Posts
Nov 08, 2021 at 17:50
Unellene posted:
beginners generally have a lot of problems, but the biggest one is the hope for easy and quick earnings, and this does not happen in forex
Those who come to the market to earn quick easy money, will fail and lose their money without a doubt.
