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Number one biggest mistake

Martingupttil
Jan 28 at 10:01
게시물38
blandpatsyy posted:
Martingupttil posted:
Numeromatt posted:
I absolutely agree Martingupttil, newbies don’t think about the amount of effort required for learning trading. All of those years where now successful traders earned only peanuts while learning trading, is not seen by many people. Sometimes it can take a lifetime to make substantial profits.

It is not only about trading but in every field it is the same, hardships can only make you understand the real meaning of the hustle. There are many new people who don’t look for features which they require but go with other recommendations. When I started out I tested a whole lot of brokers and trading platforms on their demo accounts and only after extensive testing of different strategies on FXCM and fxview, I went live.

According to me more than greed there are other factors like lack of experience and a robust plan for trading which leads to the downfall of the traders.

Leverage is another factor I would add to the list. Newbies choose the brokers only on the basis of leverage they offer. When they suffer loss on the leveraged trade they seriously get on the road. It is the biggest mistake which is made by the new to some experienced traders.

blandpatsyy
Jan 28 at 11:26
게시물42
Martingupttil posted:
blandpatsyy posted:
Martingupttil posted:
Numeromatt posted:
I absolutely agree Martingupttil, newbies don’t think about the amount of effort required for learning trading. All of those years where now successful traders earned only peanuts while learning trading, is not seen by many people. Sometimes it can take a lifetime to make substantial profits.

It is not only about trading but in every field it is the same, hardships can only make you understand the real meaning of the hustle. There are many new people who don’t look for features which they require but go with other recommendations. When I started out I tested a whole lot of brokers and trading platforms on their demo accounts and only after extensive testing of different strategies on FXCM and fxview, I went live.

According to me more than greed there are other factors like lack of experience and a robust plan for trading which leads to the downfall of the traders.

Leverage is another factor I would add to the list. Newbies choose the brokers only on the basis of leverage they offer. When they suffer loss on the leveraged trade they seriously get on the road. It is the biggest mistake which is made by the new to some experienced traders.

Honestly that was one of my reasons for choosing a broker because I did not have much money to invest. I started by putting in $100 with fxview and later created one more account with cmc markets. It’s okay to use leverage I believe, if based on a proper plan.

Numeromatt
Jan 29 at 13:40
게시물38
blandpatsyy posted:
Martingupttil posted:
blandpatsyy posted:
Martingupttil posted:
Numeromatt posted:
I absolutely agree Martingupttil, newbies don’t think about the amount of effort required for learning trading. All of those years where now successful traders earned only peanuts while learning trading, is not seen by many people. Sometimes it can take a lifetime to make substantial profits.

It is not only about trading but in every field it is the same, hardships can only make you understand the real meaning of the hustle. There are many new people who don’t look for features which they require but go with other recommendations. When I started out I tested a whole lot of brokers and trading platforms on their demo accounts and only after extensive testing of different strategies on FXCM and fxview, I went live.

According to me more than greed there are other factors like lack of experience and a robust plan for trading which leads to the downfall of the traders.

Leverage is another factor I would add to the list. Newbies choose the brokers only on the basis of leverage they offer. When they suffer loss on the leveraged trade they seriously get on the road. It is the biggest mistake which is made by the new to some experienced traders.

Honestly that was one of my reasons for choosing a broker because I did not have much money to invest. I started by putting in $100 with fxview and later created one more account with cmc markets. It’s okay to use leverage I believe, if based on a proper plan.

Right! I am always an advocate of leverage because without that, earning substantially in trading is not quite possible.

Quange
Feb 02 at 15:12
게시물25
As for me, the biggest mistake is making a large deposit with no experience?

Sar John (Sarjohn)
Mar 06 at 08:26
게시물187
Martingupttil posted:
Sarjohn posted:
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.

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 exactly. do remember trading without knowledge is always dangerous.

WaltonCharles
Sep 27 at 20:57
게시물128
Quange posted:
As for me, the biggest mistake is making a large deposit with no experience?

I completely agree with you.

Tam_fx
Sep 28 at 06:15
게시물17
Quange posted:
As for me, the biggest mistake is making a large deposit with no experience?

Yes, risking more than capital than one can afford to lose is one of the biggest blunders.

CocoChannel
Sep 28 at 10:40
게시물33
For me, the biggest mistake is trading without any knowledge and sufficient practice.

Marcel Durham (MarcellusLux)
Sep 28 at 12:33
게시물92
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.

Nuadahuginn
Sep 28 at 19:59
게시물20
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.

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