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Author Topic: What are the common trading mistakes by beginners  (Read 400 times)

Offline Jacob

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What are the common trading mistakes by beginners
« on: June 17, 2021, 12:01:52 PM »
What are the common trading mistakes which every beginner should avoid?


Online diyforexskills

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Re: What are the common trading mistakes by beginners
« Reply #1 on: June 20, 2021, 06:09:34 AM »
What are the common trading mistakes which every beginner should avoid?

How about:

Trading at high leverage. Stick to 20:1 for starters with Tier 1 regulated brokers. You will be margined out before you lose it all. And with a Tier 1 regulated broker you have some protections and complaint mechanisms.

Trading live with deposited funds you can't afford to lose. Because you will lose before you start winning.

Taking a trade in hope, without any real conviction or meeting of sensible entry criteria, but just because you are bored.

Failing to go to school and completing the courses. Go to https://www.babypips.com/learn/forex



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Offline Carlos55

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Re: What are the common trading mistakes by beginners
« Reply #2 on: November 10, 2021, 08:42:34 AM »
In my opinion, the most common mistake was rushing into scalping without trying the strategy on a demo account multiple times until It made consistent profits.
« Last Edit: November 10, 2021, 08:44:38 AM by Carlos55 »

 

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