The questions/problems most new traders will encounter

What questions or problems you guys have faced or are facing as a trader?

what is your take on trading psychology

alexml posted:
What questions or problems you guys have faced or are facing as a trader?

1. Over trading
2. Over leverage

Getting Lot size right is the main problem that traders have. Most risk way too much and then loose their account

iwuagwu posted:
what is your take on trading psychology

My trading psychology is never trust my own feeling lol, I always feel 'wrong'. So I only trade according to the pattern or whatever I see from my trading system

sovy posted:

alexml posted:
What questions or problems you guys have faced or are facing as a trader?

1. Over trading
2. Over leverage

Yeah that could be a huge problem

SauloRom111 posted:
Getting Lot size right is the main problem that traders have. Most risk way too much and then loose their account

Yeah you're right. That's why I use calculator on myfxbook to calculate my lot size correctly

alexml posted:
What questions or problems you guys have faced or are facing as a trader?

New traders often grapple with emotional decision-making, overtrading, and lack of a solid strategy. Learning to control emotions, developing a disciplined approach, and focusing on risk management are crucial for navigating the challenges of the market.

alexml posted:
What questions or problems you guys have faced or are facing as a trader?

The difficulty is that sometimes I understand that I don’t know enough in this area and it’s quite difficult to find out

sovy posted:

alexml posted:
What questions or problems you guys have faced or are facing as a trader?

1. Over trading
2. Over leverage

Great strategy, you can't think of a better one

Wortenix posted:

alexml posted:
What questions or problems you guys have faced or are facing as a trader?

The difficulty is that sometimes I understand that I don’t know enough in this area and it’s quite difficult to find out

Honestly, I think a trader can't 'know enough' in forex market. It involve in the while world and things change all the time. What we can do is to always upgrade our trading system, make sure it's better, and stick to whatever trading ruels you set

bardachok posted:

alexml posted:
What questions or problems you guys have faced or are facing as a trader?

New traders often grapple with emotional decision-making, overtrading, and lack of a solid strategy. Learning to control emotions, developing a disciplined approach, and focusing on risk management are crucial for navigating the challenges of the market.

It's true. Getting rid of emotions is hard but neccesary. Trades according to 'I feel like' will destroy you