Michihito
Členom od
298 príspevkov
Nov 29 2020 at 14:42
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.
SofieAndreasen
Členom od
349 príspevkov
Nov 30 2020 at 03:48
I agree with you. Unfortunately, most of new trader come to the market with this kind of thought.
Johnathankim
Členom od
29 príspevkov
Dec 10 2020 at 09:49
I think the biggest mistake for new traders would be their overconfidence and desire for more and more money.
Roberto21
Členom od
364 príspevkov
Dec 13 2020 at 03:48
Newcomers should focus on others inevitable part of trading besides acquiring good trading knowledge. Controlling emotions , avoid revenge trading , overtrading , money management ,RR and much more things they have to observe for avoiding unfortunate loss.
Fabiandelph842
Členom od
24 príspevkov
Jan 06 at 07:11
Yes, that does happen a lot. It is not as easy to make profits in forex as newbies think it is, and keeping an eye on the profits is a mistake they don’t realise they are making.
Sarjohn
(Sarjohn)
Členom od
107 príspevkov
Jan 06 at 07:57
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.
forextrader777
Členom od
78 príspevkov
Jan 20 at 04:46
Michihito posted:
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.
I also believe that knowledge is a must for trading. Also, before starting actual trading, one must trade on a demo account.
KnowFinance
Členom od
80 príspevkov
Jan 25 at 05:20
The biggest mistake is trading with the lack of knowledge and skills which ultimately ends up gaining a loss. Train yourself first before entering into the trade market.
Martingupttil
Členom od
38 príspevkov
Jan 25 at 10:17
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.