Number one biggest mistake
Mar 06, 2021 at 08:26
Martingupttil posted:yes exactly. do remember trading without knowledge is always dangerous.Sarjohn posted:More than greed I think the problem is that the new traders don’t learn and get huge expectations underway, they think trading is a golden goose with golden eggs.
Yes totally agreed.. The biggest mistake for a new trader is to be over confidence and greed for more and more money. Newbies without having proper knowledge trade high risk product and ends up with making losses.
Membre depuis May 27, 2021
posts 57
Sep 28, 2021 at 10:40
For me, the biggest mistake is trading without any knowledge and sufficient practice.
Marcel Durham (MarcellusLux)
Membre depuis May 19, 2020
posts 339
Sep 28, 2021 at 12:33
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.
And there is nothing wrong with considering forex as an easy way to make money if you are a professional.
@Marcellus8610
Membre depuis May 04, 2019
posts 23
Sep 28, 2021 at 19:59
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.
Marcel Durham (MarcellusLux)
Membre depuis May 19, 2020
posts 339
Sep 30, 2021 at 09:39
RobertFerrari posted: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.MarcellusLux posted:Yes. But Every trader should make their mistakes as their learning tools.
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.
@Marcellus8610
Oct 13, 2021 at 06:28
Nuadahuginn posted: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.
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.
Membre depuis Aug 10, 2021
posts 176
Oct 14, 2021 at 01:49
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.
Membre depuis Jul 07, 2015
posts 2
Oct 14, 2021 at 04:15
What 'skill' do you think is important to learn in order to make money in FOREX ?
Membre depuis Jul 07, 2015
posts 2
Oct 14, 2021 at 04:16
Tradextol posted:Nuadahuginn posted: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.
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.
Ok, what and where to learn this things ?
Membre depuis Jun 21, 2021
posts 24
Oct 14, 2021 at 08:24
One of the major mistakes is to trade with emotions.
Membre depuis May 27, 2021
posts 57
Oct 14, 2021 at 08:37
Michihito posted:I agree with you, new traders often come into the forex market considering it a quick money making machine due to which they do over trading and put themselves in risks.
Number one biggest mistake new trade do is they treat forex trading as a money machine. Open trade and make profit. They think it is the easiest job in the world. But in reality you need profound understanding of the market. My advice to new trader is gain necessary knowledge and skills.
Membre depuis Jun 17, 2021
posts 46
Oct 16, 2021 at 07:30
Beginners in forex trading often make the same mistake of not getting the proper education before trading. Trading without a proper education is a very dangerous thing to do and can cause you some serious damage.
Oct 26, 2021 at 10:50
araventhan posted:Tradextol posted:Nuadahuginn posted: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.
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.
Ok, what and where to learn this things ?
You can get a bunch of relevant information online. Just search about the topic on Google. Youtube is another platform where you can get videos related to the topic. I hope it will help you.
Membre depuis Jun 14, 2021
posts 53
Oct 27, 2021 at 03:55
The number one biggest mistake people make when starting out is thinking that it's a get rich quick scheme, that you can put in $100 and come out as $1000. Forex is a long-term game, it takes time to see results, and only the most dedicated traders will succeed.
Nov 04, 2021 at 14:59
@marindateal Yes most people treat it like it's a quick money scheme. But it's not what they think. You can make more than any other business but that doesn't mean it has to be within 1 month.
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