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Top 10 Biggest Mistakes Forex Traders Make


LRdude

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Forex market behavior can be very unpredictable during important financial news releases. Prices rise or fall in a matter of minutes, changing by dozens or hundreds of points. In such instances, spreads widen, and liquidity is significantly reduced. Obviously, a novice trader is not prepared to handle sudden price changes. In fact, it becomes physically impossible to open and close profitable trades. Trading on the news puts the entire capital of an inexperienced trader at risk. Beginners are urged not to trade during major economic news announcements.

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On 6/27/2021 at 1:48 PM, e_abrams said:

Another big mistake is trusting unreliable companies. People don't know how to avoid scammers, unfortunately, and that leads to many losses.

Yes, this is a very common mistake, many people are way too trusting when it comes to promises of returns. 

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