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Number one biggest mistake
Anggota Sejak Aug 10, 2021
178 pos
Anggota Sejak Jul 07, 2015
2 pos
Anggota Sejak Jul 07, 2015
2 pos
Oct 14, 2021 at 04:16
Anggota Sejak Jul 07, 2015
2 pos
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 ?
Anggota Sejak Jun 21, 2021
24 pos
Anggota Sejak May 27, 2021
57 pos
Oct 14, 2021 at 08:37
Anggota Sejak May 27, 2021
57 pos
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.
Anggota Sejak Apr 09, 2019
538 pos
Anggota Sejak Jun 17, 2021
46 pos
Oct 26, 2021 at 10:50
Anggota Sejak Jun 16, 2020
57 pos
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.
Anggota Sejak Jun 14, 2021
53 pos
Oct 27, 2021 at 03:55
Anggota Sejak Jun 14, 2021
53 pos
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
Anggota Sejak Jul 19, 2020
751 pos
@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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