Newbie problem

Ima think there're lot of things newbiess're doin' wrong.

Startin' with tradin' live acc without openin' demo one.

Don't know how calculate their mm (money managment).

Set too large drowdawn. And it applys to all traders. Many of them doin' it and then loose.
Yeah Ima doin' it too some time. Bad habbit.

Don't analyze market or doin' it circumstances.

Ima think there're lot of mistakes. Choose you like.
Cheers.

yes , newcomers always fall a great trouble when choosing a broker , because top rating brokers always have tight spreads and large amount of deposit. its a great problem for newcomers.

honestly speaking , i trade most of the time in demo ,
but the knowledge i have gained i fail to use that when trade in a real account. 

It is not all about choosing the top rating broker, but yes it helps if you research on which broker do you think it suitable for your trading style and look for that.

ZzzzzzzZ posted:
Ima think there're lot of things newbiess're doin' wrong.

Startin' with tradin' live acc without openin' demo one.

Don't know how calculate their mm (money managment).

Set too large drowdawn. And it applys to all traders. Many of them doin' it and then loose.
Yeah Ima doin' it too some time. Bad habbit.

Don't analyze market or doin' it circumstances.

Ima think there're lot of mistakes. Choose you like.
Cheers.

So true with first two. I have seen some memeber in here saying that they opened a live account and they have no idea what to do next. That is how you know you are starting on the wrong foot.

Yes, you are right, most traders try to make a lot of money from Forex in a short time. As a result, they lose their important investment. It is possible to make a lot of profit from trading but to do that you must maintain discipline. You have to trade according to the plan. And you always have to maintain risk. If you can trade in this way, you can be satisfied with some profit at the end of the month.

These are all their greed, not the ability to endure and achieve results, we make every effort, therefore, they say that the percentage of those who earn is quite small.

Most of the new traders make mistakes to choose their trading broker. A good and reliable broker can make you rich. On the other hand a wrong or fake broker can put you in great danger in the forex market. So, be careful of choosing a broker.

Newbies are more eager to real trading without learning first.

That’s true. I think a lot of beginners skim the details and rush to open an account with little to no demo practice or education. People think it’s so easy and then just get bored of it when they realize how much goes into it.

HeavLeighGill26 posted:
That’s true. I think a lot of beginners skim the details and rush to open an account with little to no demo practice or education. People think it’s so easy and then just get bored of it when they realize how much goes into it.

Yes, and that is why I always keep on repeating this thing to my fellow traders that trading is an art and skill both, it only comes when you practice practice practice and practice....

You just really need to approach this issue responsibly and seriously, and then there will be a result.

It is true that most new traders start trading with the hope of becoming rich instantly but this is not something that can be achieved this easily. Making money through trading takes time and effort. A trader must be knowledgeable enough to make profitable decisions. And it is not just about making more money but also about protecting their capital when in the market.

SofieAndreasen posted:
Newbies are more eager to real trading without learning first.

Yes. Most traders don't want to learn before investing their money.

SteveHanks posted:

SofieAndreasen posted:
Newbies are more eager to real trading without learning first.

Yes. Most traders don't want to learn before investing their money.

True, many think this is get rich quick scheme and can easy buy or sell on moving average cross over. How sily

New traders have a lot of emotional problems. That's why beginner traders need to work with psychology first.

Trading psychology is huge even with good strategies and trades this lack of confidence can kill good traders

@Kazile i agree, many new age traders ignore this issue, they think they have all the information and skill that is required to make quick bucks and go for a live account straightaway which then results in losing quick big bucks because they didn't do their proper market research and don't make use of demo accounts.

Michihito posted:
Most new traders think he is going to be rich within few months. He got the easiest way to make money quickly. The problem is they have been introduced forex like that. Most newbie traders do not know the ugly truth of forex trading. Forex is not an easy job to do. You need specific knowledge and skills. And for that you have to give time and efforts. It doesn't happen overnight. Not even in few months.

Deffiently not a get Rick quick