Top 5 Problems

Beginner Questions
1

What are the top 5 problems that I will most likely face in my near trading future and what are the ways in which I can overcome them

2

You should copy paste that in Google… You might even find some results linked back to here. :wink:

3

Top most problem is lack of patience in newbie traders. Trying to make big profit from small capital. Overlooking the importance of money management. Trading what they think market will do and lastly try to remain in a trade most of the time.

4

something smells fishy, like why start so many general topics? hmmm

5

This post was flagged by the community and is temporarily hidden.

6
  • lack of education
  • lack of experience
  • Bad risk management
  • Emotional trading obstacles (greed, fear, euphoria, overconfidence)
  • Unrealistic expectations ect, ect.

You can overcome them by trading, losing money, making mistakes and hopefully learning from your mistakes.

7

Lack of patience is the big key of trader’s failure, some couldn’t control themselves when they’re losing some funds in their trading.
And for beginner traders, don’t expect too much in this business or you will lose much more…

8
  1. Thinking that you can learn how to trade in a demo account.
  2. Thinking that you can learn how to trade in a demo account.
  3. Thinking that you can learn how to trade in a demo account.
  4. Thinking that you can learn how to trade in a demo account.
  5. Thinking that you can learn how to trade in a demo account.

How to overcome them? Do the opposite of what the majority does (at least when it comes to the above listed problems).

9

Being greedy & being over-leveraged & under capitalised so trading positions too big & therefore poor money/risk management.

Thinking that you know what the market is going to do & not being able to accept a loss.

Risking not using a stop-loss.

Thinking that you can handle the psychology of live trading with real money.

Over complicating things & suffering analysis paralysis.

10
  • Greed
  • Expecting too much on this business
  • No will to learn more
  • Placing an order as placing a bet
  • lack of risk management (stop losses, cut losses, etc)
11
  1. Thinking you can learn to trade in 10 minutes
  2. focusing too much on entries and not enough on managing trades
  3. letting losers run and taking profit too early
  4. relying on moving average crosses on their own
  5. buying every possible trading tool there is and still not making money
12

this is the perfect answer.

13

Good one. Especially number 3. :slight_smile:

14

patience play’s a big role in trading…
many times traders try to enter the trade without thinking…
make patience, wait for right entry and right exist. then you’ll be success…

15

-Lack of knowledge and experience
-Closing trades too early our of fear
-Greed
-Listening to poor advice (probably out of lack of experience)
-Lack of patience

16

I think No. 4 is more succinct :wink:

17

Amen to that!

18
  1. Thinking that you can win the market after learning something
  2. Thinking that you can win the market after learning something
  3. Thinking that you can win the market after learning something
  4. Thinking that you can win the market after learning something
  5. Thinking that you can win the market after learning something
20

warren25
how helpful is this (all 5 times). I think there are 2 Jokers in each pack. Btk

21

This is about psycholoy trading, patience will good if any trader they have strong psychology trading and also long time experience in forex trading, but success is not easy to achieved, learn from mistake also can make betterment trading skill, keep discipline with rules trading system and money management.