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  1. #1
    Kevin Pietersen
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    Beginners and their mistakes……

    Beginners are generally very much excited about Forex trading and hence there are very enthusiastic to do real account trading and make real money from it. For this excitement they forget that Forex trading is one of the most challenging and risky business, where whatever the amount of knowledge we have will become short. In addition, they totally fail to remember money management and put their all money in few trades and suffer losses.

  2. #2
    Senior Trader
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    Yes, you are right. I think low trading skills, no experience both tend to lead some mistakes and later some losses. Be wise trader and never trade with big volume if you are new trader in Forex industry. Even, you don’t need to invest your money before practicing your demo account. Do everything step by step then you will see that success will come within time.

  3. #3
    Senior Trader
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    Yea! I agree with you and you say the correct things about newbie’s mistakes. All newbie’s should start Forex trading business after proper learning. Because, it is a complicated profession to earning money especially for inexperience Forex traders. And, the best way for learning is demo account practicing. They should do demo account trading at least 6 months.

  4. #4
    Senior Trader
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    Most common mistakes made my beginners is greed. New traders are very greedy though they do not have any profitable trading system. They want to get rich within very short time while they have not been able to analyze and predict well. On the other they also have not any trading experience. The beginners are also often hurrying to do because; they do not have any proper trading plan.

  5. #5
    Senior Trader
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    One of the very fundamental mistakes that I have seen to the Forex traders that making in the financial market especially the new comers, is that they let their emotions dominate them in the Fx market. You have to keep in your mind that, Forex market is no place to let your personal emotions go unchecked. As soon as your emotion, start to drive you in the Forex market. May be you will lose your focus and will start making poor analysis of the market, which will end you up with mild to huge losses. So, you have to make sure that your positions are never based on emotions or sentiments.

  6. #6
    Golden Trader
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    Quote Originally Posted by Zachary Davis View Post
    One of the very fundamental mistakes that I have seen to the Forex traders that making in the financial market especially the new comers, is that they let their emotions dominate them in the Fx market. You have to keep in your mind that, Forex market is no place to let your personal emotions go unchecked. As soon as your emotion, start to drive you in the Forex market. May be you will lose your focus and will start making poor analysis of the market, which will end you up with mild to huge losses. So, you have to make sure that your positions are never based on emotions or sentiments.
    I am doing my Forex Trading with the International Forex Broker FXOpen Markets and they have Fast Deposits and Withdrawals

  7. #7
    Junior Trader
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    Quote Originally Posted by Kevin Pietersen View Post
    Beginners are generally very much excited about Forex trading and hence there are very enthusiastic to do real account trading and make real money from it. For this excitement they forget that Forex trading is one of the most challenging and risky business, where whatever the amount of knowledge we have will become short. In addition, they totally fail to remember money management and put their all Drift Boss money in few trades and suffer losses.
    I think any transaction will have risks

  8. ARIONFORXtarder
 

 

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