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Forex Mistakes That Newbies Make


princewahaj

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when the mistakes comes, we need to learn from mistakes by evaluating the trade so that mistakes can be minimized by good. therefore we can get the maximum trading. if we want to be a successful trader then we have to do an evaluation of trading so that we will get the maximum trading.

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You are absolutely right. I am sure that most of us has done some of those mistakes as beginner in forex trading but with time and experience we learn from our mistakes which help us to achieve success. I would recommend newbies not to commit those mistakes in forex trading and maybe there is a chance that they become successful in less time that some of us had taken.

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no one is perfect  traders, because forex  have a very high risk so that we often do  an error. when we make a mistake trading then we must learn to accept mistakes and making mistakes as a whip for us to trade with better again. Try to trade in instforex with bonus post

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newbies make mistakes when they are does not focus on learning. however, when traders take training, they are choose a good decision. many traders rush to trade on live account since they are want to chasing real profit. however, when they are unprepared with good trading strategy and risk management plan, they'll unable to gain profits. even will losing all the money.

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Newbies also make the mistakes of emotion. Well, to a great extent, I wouldn't call it a mistake since it is something that affects almost all humans. Virtually everyone makes mistakes and we can't deny the fact that for you to trade, there might be times you just have to flop.

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Investing big amount of money in real account and having using big lot size and hope to earn big amount of money is the main reason why so many end up losing money in forex trading. Some how I do earn good amount of money in forex. But I do make sure that I can sustain and maintain my trading account for good. For me this is how forex trading works

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not have sufficient knowledge and skills  good  is  mistakes that are often experienced by traders, in forex we require preparation skills and knowledge to be successful in forex. if we lack the skills and knowledge of good trading we will only lose

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well, when newbies make profit in trading, its just occur by fluke. and if traders take learning, they are basically has chance to be sustainable. traders able to make profit in trading and it occur consistent. does not mean that traders able to gain 100% profit result. but they are able to make profits more than losses in trading.

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Sometimes, newbies also make the mistake of jumping into the real account prematurely. No one is denying the fact that the number one reason that brought anyone to Forex is to make money but when it is about money and money alone without learning, then it becomes a big problem to whomever that doesn't retrace.

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The newbies trade is always full of mistakes. It is understood from the fact that they are still very much new in the business and they may not make out the best of things in it. Trading in Forex isn't easy for anyone and it is something that the trader must do. A newbie keeps learning and growing himself till such a time when he is able to understand and develop a better strategy.

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It is because the newbie traders are always the traders who are not having good and enough trading knowledge that will make them to have profit in forex, that is the reason why they are always the ones that are affected in the business. It is better if newbie traders will understand the business of forex before trading in the live account because it will reduce the amount of mistake they make.

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  • 1 month later...

Trading more than they can handle or trading without knowledge on how to trade properly. This is are the main reason why they loss to start with. I do earn good amount of money in forex trading some how and I do have big profit but some how I do have big loses also. So in the long run focus must be in earning then we can try to trade bigger account.

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I think it is really tough to pin point a single mistake as there are many but i think in general what i have seen is that most people are bad in choosing their broker. I prefer OctaFX as it is regulated, ECN, has no reqoute and have amazing offers like 50% bonus, instant payments and low spread. OctaFX have really managed to capture the hearts of people like me with the effort they have put into providing top notch services to their clients.
 

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  • 2 weeks later...

AFAIK, Newbie has around 2 common mistakes that they always made. First lack of knowledge, with thinking forex is easy just by sell high and buy low. Beneath of forex itself are complex. Second, can't control emotion, when become fear they closed faster, or when greed overcome them trying to open more position and more than they can handle.

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  • 2 weeks later...

I don't think its consider a mistake if you are just trying to learn. Its normal for newbies simply because they don't know how to trade to start with. Its a mistake only if you already study forex trading and still end up making mistake or not learned from that mistake. In the long run profit is good if we only know how to handle our trading account properly.

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There are so many mistake which the newbie trader make here and I can tell you some of the mistake is all about lack of practice or learning so many of them do refuse to learn but expect something good which is not really the best

That is for sure the mistakes, even the progress could be better or worse. Newbies tend to have thought like that but overall i can think that Newbies will getting better if they still have will to survive. Other mistakes for sure is lack of emotion, usually they leave forex when in short time cannot get profit.

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newbie often makes mistakes, but the common mistakes made by newbie is trading with emotion because in forex trading requires not only the right skills but we also need a good trading psychology. to have a good trading psychology then we will be able to trade with a maximum

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Biggest mistake I see is diving into the "EA of the month" so to speak without a basic fundamental understanding of how Forex trading works and how EA's or robots should be utilized.  

I think this is because of the greediness, they want fast money and easy money. They don't know that forex is hard worker's job and also a tough one. EA of the month issue should be lowering if traders want to realize what is the forex is.

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