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We have to be careful to learn and practice at demo account. The biggest mistake of the newbies is when they hear about Forex and the earnings of it they are in such a hurry to trade live without knowing even the basics, this is a major problem for all newbies.
kaafi to mistakes aisi hai jin se insaan ko bara loss hota hai mger kaafi mistakes insaan jan boojh ker b kerta hai dar jata hai emotional ho jata hai greed aik bht buri misaal hai is ki in sab ki wj se he insaan ko loss hota hai....
You donot always get signals - keep that in mind first.
Donot depend fully on indicators. Make the trend your friend and as you get used to it you'll know what the market is likely to do.
Practice practice practice.
Learnlearnlearn!
Apply everything your learning in your practice trade. Execute properly and make consistent profits and you'd find yourself improving.
One more important thing discard greed and fear in the first place.
If my opinion the biggest mistake for a novice trader is that they are too passionate to
be able to immediately make trades without knowing what it takes to be able to master the
market movements so try it first for the novice trader to practice on a demo account
hayyy ... I think they should avoid using high leverage and investing large capital since it will be too risky for them to bear if loss occurs.....
so beginners should avoid using high leverage and investing large capital they should initially focus on learning things and trading.good luck and thanks foor you ... ;)
the mistakes the beginners should avoid are trade the market only if there is an opportunity and don't trade every move of the market and try to minimize the risk in their trading and follow money management rules.
Mistakes are really part of trading. I think experience is very essential in order to avoid mistakes and I think one must always be knowledgeful before starting any kind of trading.
to be inexperienced and still trade forex live markets is a bad thing and could give a trader huge losses in forex trading business. Mistakes are mainly made in the forex business by newbies.
If the rest of the day was of the spirit on Forex business but is also afraid of a few hours, though, also find themselves on the Mac. So I stay on the rest of the business of the most forward-thinking spirit to restrain, not my calculations happen on Mac. What is business alert to deal with heightened alertness management, are based on analysis and wealth management to manage all deals .
usually, biginners always fail of being eager when they join in actual concern. I think which, creating a trial consideration can be quite essential for buyers to exercise and it also must take along time to do it untill they experience they are able to business in the idea well.