Is rushing in too quickly and not seeing the market for what it is. They think every trade is a going to be a winner and strife for that where that is impossible and losses and probabilities are a part of trading
Looking for the holy grail of strategies.
It dosen’t exist though some systems are better than others.
The holy grail of trading us mastering your mindset to accept losses and move on
Starting with trading soon!
Even though trading has a few fundamentals to cover, it is a big subject.
Your analysis is important. Technical and fundamental analysis take time to develop, which traders develop while trading. A new trader should practise and hone their skills on demo trading and should switch to live once they have a workable strategy and a sense of the market.
The biggest mistake one makes is taking trading to be the easiest and quickest way of making money which is not at all true. Trading requires you to be patient and gain as much knowledge about market trends that is learnt over a period of time.
The number one mistake for me: not studying the market. Forex is an ocean, and it is unpredictable, but if your fundamentals are strong, you can minimize your risks.
Very true! This is the main mistake that a trader makes. He thinks that trading is the easiest and fastest way of making money without even having proper knowledge about trading.