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What are the main challenger new traders face nowadays?
Mitglied seit May 12, 2024
1 Posts
May 12, 2024 at 11:42
Learning how to know when to enter a trade, understanding how news affects price changes, reading market structure, understanding why the markets move the way they do, how to stay consistently profitable
forex_trader_3686808
Mitglied seit Apr 24, 2024
26 Posts
May 12, 2024 at 11:58
New traders surely faces a lot
May 13, 2024 at 03:48
tropicaltyphoon posted:
Learning how to know when to enter a trade, understanding how news affects price changes, reading market structure, understanding why the markets move the way they do, how to stay consistently profitable
Putting in simple words, new traders main issues are the fundamentals in Trading forex
Hence why there is AI now to earn any traders passive income while earning on their own as well. It helps cover losses and increase profits as well.
I use AI as well for passive income. Gives good profits at times equivalent to mine as well. And I m 5 year trader. So those days that I dont trade I still have earnings from the AI.
forex_trader_3686808
Mitglied seit Apr 24, 2024
26 Posts
May 13, 2024 at 19:00
Helmslord posted:
How can I get into ai trading
Codes
forex_trader_3686808
Mitglied seit Apr 24, 2024
26 Posts
May 15, 2024 at 05:44
RogerRick posted:JupiterCapitalz posted:Helmslord posted:
How can I get into ai trading
Codes
not necessary
Well my tools are all done by me and you know what it means.
Mitglied seit May 06, 2024
1 Posts
May 16, 2024 at 12:43
Hi,
I am new to trading and was wondering, should I start with an automated expert advisor that trades gold?
I am new to trading and was wondering, should I start with an automated expert advisor that trades gold?
Aug 25, 2024 at 12:48
New traders face some big challenges:
- too much info: There’s so much out there, it’s hard to know where to start.
- emotional rollercoaster: Keeping emotions in check is tough, especially during market swings.
- scams everywhere: It’s easy to get tricked by fake ""experts.""
- risky business: Learning to manage risk without blowing up your account is crucial.
- finding a strategy: It takes time to find and stick to a winning approach.
patience and learning are key!
- too much info: There’s so much out there, it’s hard to know where to start.
- emotional rollercoaster: Keeping emotions in check is tough, especially during market swings.
- scams everywhere: It’s easy to get tricked by fake ""experts.""
- risky business: Learning to manage risk without blowing up your account is crucial.
- finding a strategy: It takes time to find and stick to a winning approach.
patience and learning are key!
Mitglied seit Aug 09, 2024
6 Posts
Aug 26, 2024 at 12:52
New traders have the same challenges as always.... FX trading is hard. Most will not be able to profit because they cannot predict and read the markets
Mitglied seit Sep 07, 2020
70 Posts
Aug 28, 2024 at 08:52
Not setting the SL, I cannot fathom at how many people ignored that.
Oct 18, 2024 at 08:54
I've faced a few challenges, like information overload making it hard to find reliable resources and market volatility shaking my confidence. Emotional discipline is tough when real money is at stake, and navigating high leverage without much experience is definitely tricky.
In trading, knowledge is power; in practice, patience is key.
Oct 21, 2024 at 08:04
From my experience, one of the biggest challenges I faced when starting out was managing my emotions. Fear and greed can really mess with your decision-making. It took me a while to develop a solid trading plan and stick to it, especially when the market was volatile. I also remember feeling overwhelmed by the sheer amount of information out there and not knowing which strategies to trust.
Stay consistent, keep it simple, and let discipline shape success
Oct 21, 2024 at 10:38
For me, the biggest challenge when I started trading was keeping my emotions in check. It’s so easy to get caught up in the moment and make impulsive moves. Staying calm and sticking to a plan has made all the difference. But if trading were easy, I’d already be relaxing on a private yacht, right? 😄
Oct 22, 2024 at 06:31
In my opinion new traders today have a hard time understanding market trends, managing risks, making good choices, finding signal providers and guidance... For me, I also followed Sureshotfx ebook and their guidance, and it has really helped me.
All in for Success
Oct 22, 2024 at 11:34
When I first started trading, I felt completely overwhelmed by the sheer amount of information out there, struggled to keep my emotions in check during trades, and quickly realized how crucial effective risk management was to protect my capital.
Stay consistent, keep it simple, and let discipline shape success
Mitglied seit Oct 21, 2024
61 Posts
Oct 22, 2024 at 12:39
As someone who has been in the trading for a while, I’d say one of the biggest challenges for new traders is emotional control. It’s easy to get caught up in wins and losses, but staying calm and sticking to your strategy is key. Also, risk management is often overlooked, people tend to over-leverage or take on bigger positions than they should. Another thing is information overload, there’s so much data and analysis out there, and it’s tough to figure out what really matters. Stick to the basics and keep refining your strategy, it takes time but you’ll get there.
