May 07 at 06:15
Becoming too emotional about money and not understanding the market properly are the most common mistakes traders make.
terylewasia posted:
Keeping the focus on money is not something newbies should do. They should stick to their trading plan.
If you do a deep analysis, surely you will find not a single trader who can deny the importance of demo account. Demo helps a trader develop his basement. But, it’s fully worse for a trader when he or she avoids trading in a demo account. Traders have to be very much tricky and these tricks can be learned by using demo account.
May 07 at 14:13
Akasuki posted:terylewasia posted:
Keeping the focus on money is not something newbies should do. They should stick to their trading plan.
If you do a deep analysis, surely you will find not a single trader who can deny the importance of demo account. Demo helps a trader develop his basement. But, it’s fully worse for a trader when he or she avoids trading in a demo account. Traders have to be very much tricky and these tricks can be learned by using demo account.
There is definitely true. Each trader needs to utilise demo in its own way. It allows to trade any mistakes you are making and also to test new strategies. Anyone that doesnt just use it is missing a trick
To overcome the mistakes that a trader makes in the early stages, I advise you to pay attention to a demo account. When I started working with a broker from Amarkets, I did just that.
Maybe not all trader likes to work in a demo account because less emotional pressure, but when trading in a real account lack discipline, how to develop good mindset as trader need to understand their own selves, the mistake is not something that must to scary, but mistake may give us a valuable lesson if we take care with this mistake, next will be a concern and trying to avoid the same mistake repeated again.
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