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PIPNEST
Things you don't want to do as a forex beginner.
in
New Traders
Dec 21, 2024 at 00:31
Good points, FrancV. Starting forex trading is exciting, but beginners should avoid these common mistakes: 1. Skipping the basics. Learn key concepts like currency pairs and leverage before trading. 2. Trading without a plan. Avoid impulsive decisions; have a clear strategy. 3. Risking too much. Never trade more than you can afford to lose. Start small. 4. Ignoring risk management. Use stop-loss orders and manage your exposure. 5. Chasing losses. Don’t let emotions drive you into reckless trades. 6. Falling for scams. Beware of “get-rich-quick” promises or overpriced co...
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