New traders become restless
Dec 15, 2020 at 15:51
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16 Replies
Dec 15, 2020 at 15:51
New traders become restless to make money. All day long they try to find out new entry. Even their night is sleepless. But the fact is to make money in trading you need a calm and relaxed mind. When I was new I was also in a hurry to make money. It's because most of the time we are given wrong information about trading. Like making money is vey easy here.
Member Since Jul 20, 2020
298 posts
Dec 17, 2020 at 01:25
Trading should be done with patience. It is never possible to gain trading profit without patience.
Member Since Oct 26, 2020
10 posts
Dec 22, 2020 at 10:29
Trading is a lot about how patient you are. If you are desperate about making money, I don’t think that you will be able to go far.
Dec 22, 2020 at 12:08
The moment they hear that you can make profit in trading, they will just rush in opening an account without thinking what to consider and where to start from. And just because of that they will become restless and will no sooner misuse their accounts and funds resulting in wiping the account.
Member Since Oct 29, 2020
53 posts
Jan 15, 2021 at 04:01
Yes, they are always in a rush to make more and more money and get rich quickly. But forex doesn’t work that way and you’re right, a calm and composed mindset is very important to trade well.
Member Since Jul 23, 2020
759 posts
Jan 16, 2021 at 17:57
unsightlydray posted:I also agree with you. Forex is not a money-making machine. Those who have proper skill and knowledge can make money.
Yes, they are always in a rush to make more and more money and get rich quickly. But forex doesn’t work that way and you’re right, a calm and composed mindset is very important to trade well.
Member Since Jul 20, 2020
298 posts
Jan 17, 2021 at 01:53
Everyone in trading brings a dream. New traders are in a hurry to fulfill that dream. This is why they face maximum time loss. So to fulfill the dream, you should trade with patience while maintaining a positive mindset.
Jan 22, 2021 at 13:18
Short term traders lose more money than long term mind. The reason behind this is short term trader are less disciplined. Actually the 90% traders are not disciplined. They ignore the psychological aspects of trading. They run for a 100% proven system which actually doesn't exist.
Member Since Feb 04, 2021
35 posts
Feb 17, 2021 at 11:45
When I was a beginner, I always used to be in a hurry of placing trades. I wanted quick profits. But after losing some trades, I realized that the forex market demands patience. Only those who trade with proper knowledge and patience can become successful traders.
Member Since Jul 23, 2020
869 posts
Jun 27, 2021 at 17:14
New traders indeed have to spend more time learning.
Member Since Mar 16, 2021
477 posts
Dec 01, 2021 at 14:31
In fact, these are emotions. Emotions usually run high on new traders. Therefore, the amount of their loss is also high.
Member Since Aug 05, 2021
401 posts
Dec 01, 2021 at 19:20
I think that it definitely is made out to be that money comes easy to forex traders when it's really a lot harder. In the beginning, it's actually more important to focus on not losing money versus making a certain profit. Too bad that everyone can't start with that knowledge because it would save some heartache.
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