Feb 26 at 02:47
There are many complications to trading forex. Money management and a proper trading plan are needed to protect the investment from these complications.
Feb 26 at 10:17
I agree that most of the new traders focus on making money instead of learning new skills. This makes them set high expectations, as a result of which, they overtrade and lose extra money.
Feb 26 at 12:09
Not using a stop loss is one of the major mistakes that i make.
Mar 02 at 08:12
Biggest mistake that I have noticed is that new traders are focused on making money. They want to make money in a shortcut way, new traders don’t want to learn and don’t have any control on emotions.
Mar 02 at 10:45
LeviSievwright5 posted:
It is never possible to make a consistent profit without learning to trade. Trading education is needed to develop skills.
It is very important to know everything about the place you are heading to or the platform you are trading in.
Mar 02 at 12:52
It is fair for all the beginners to think of earning money because the majority of traders who enter the forex market want to earn instead of learning.
Mar 02 at 16:01
We think that each trade we are making will bring us more profit. This is the biggest mistake. Over optimistic outlook can ruin your trades sometime.
Mar 03 at 11:06
CanoeMussy posted:
It is fair for all the beginners to think of earning money because the majority of traders who enter the forex market want to earn instead of learning.
I can agree to that but this is also true that among the ones who have this thought, many just blow away their account. The reason is quite justified that they don’t take the load of learning and trade without having any knowledge which in turn brings them loss. A trader should at the least know the basics. Some broker platforms also have a good amount of educational stuff on them, such as etoro, turnkeyforex, pepperstone, etc.
Mar 03 at 11:13
blackChelsea posted:
We think that each trade we are making will bring us more profit. This is the biggest mistake. Over optimistic outlook can ruin your trades sometime.
Yeah expectations mate! Most of us expect too much from forex. Gotta be realistic.
Mar 23 at 09:51
Keeping the focus on money is not something newbies should do. They should stick to their trading plan.
