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Mistake in trading

Yes newcomers shouldn’t focus on his winning trade percentage, he or she always have to emphasis to minimize risk and never trade with emotions.
 
Forex trading is a place where we actually come to make money more but become loser ultimately , because of just emotions.
 
I think one of the biggest mistakes new traders make is the never ending search for holy grail in Forex. they will be trapped in get rich quich scams and spend a lot of money just to find a good strategy. They try different indicator combinations, spend time backtesting, read books but their search never ends. all they must do is to begin understanding market moves deeply and trade. in order to learn walking you have to walk, as simple as that. you'll never walk by reading books about walking or hearing other people's opinions about it. the sooner you start trading (and I don't mean start live trading right away), the sooner you get closer to your goals.
 
Confidence is needed but over confidence is will harmful, sometime because over confidence then leading trader being greedy in trades, and dare to take high risk in trading witch actually the market very dynamic and not always after trader open trades then will directly get profit
 
Actually how much we can earn our trading it depends on the markets movements. It’s not countable at all by our trading accounts. I was profitable when I started my live trading with 1K. but I did huge loss when I increased my balance in 2.5K but there was same strategies with same money management.
 
greed is a common human nature and it comes from emotions generally , there is no way to control emotions but if you have regular practice with great discipline then you can control emotions
 
We loss for many reasons , one of the most common reason is immature trading plan or target , this approach always make us emotional and greedy , as a result we trade here at random and become loser . we it is more appropriate to make trading plan according to practical situations.
 
generally after having a losses from trade we become emotional and trade over and over , we lost our motive and mind , as a result become loser. its more appropriate to become cool when having a loss and stop trading for a while.
 
no one has the capability to predict the real faction of this market with certainly . for that reason we the traders have to depend on our trading strategies that we select according to our trading experience , from all trading strategies scalping is most demandable that brings profit rapidly. but this cannot use in a regulated trading broker due to many restrictions. that’s why we the scalpers have to choose the broker which allows trading concept such as this.
 
In Fx trading, learning is not easy despite of having too many sources including pips school, learning sometimes boning and usually new traders get tempts to start trading without enough knowledge and become fascinated with the way of trading live which may cause laziness and trapped by wishful thinking get rich quickly scheme
 
Honestly speaking , i don't believe any at any Forex Mentor paid or free, because most of them are found to be scams.
 
only randomly trading not means casino , to bring profit from casino is also a great skill but we don't support this skill , because its not legal , trading and casino there is no different if we greedy and emotional. so, we have to controlled our bad trading habits by discipline.
 
Setting a stop loss is an integral part of successful trading. However I think it is ridiculous to set a stop loss of 10 pips because minor fluctuations can close our order. if we place a stop loss very near like 10 pips or 15 then a good order can be closed with a loss. I prefer to place a stop loss at least 30 pips away and usually place it from 30 to 80 pips depending upon the trading strategy.
 
1-2% risk is more comfortable for avoiding unfortunate risk and losses, but difficult to maintain this ratio at all times , because market moves at random most of the time.
 
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