Question
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Trading struggles records?
4 Answers
<p>Based on my experiences, I think beginner traders struggle with emotions and their mindsets. Beginner traders come into the market with over confidence thinking that the markets is a place for instant riches. When they take a loss, they feel that the market is after them. They start to look for the next best strategy. The best beginner traders can do is to really learn about risks inherent in trading. This will help them manage their emotions better and will eventually lead to consistent profits.</p>
6 Views
<p>Newbies are not aware of markets dynamics some even don't know the basics. They place trades without knowing the facts. I advise to all new comers please learn first basics and chart reading from experienced trader then practice on demo account after practice for a while then open trades on real account with good money management and risk/reward ratio.</p>
5 Views
<p><br>The hardest thing for beginner traders to achieve is to keep their money. Risk management is as important and maybe even more important than selecting the trade.</p>
2 Views
<p><br>Each individual trader will have a different answer to the above question. In many cases, inexperience is the first culprit. “Rules are meant to be broken” simply does not apply when trading in volatile market environments, as many a forex trader can attest. Unfortunately, many trading novices seem to choose especially volatile times to break their own rules, just when they should not.</p>
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