Quote from: pusaka on October 20, 2024, 01:39:57 PM

Quote from: Shishir99 on October 20, 2024, 06:20:52 AM

Quote from: Sobz on August 14, 2024, 09:55:38 AM

Rushing trading as a newbie have been the main reason for lose of money, we always want to gain the profits even in the first trade. I know the ultimate goal for every trader is to make profit in trading but since newbies are not very familiar with trading it is better not to rush it because taking your time to learn trading will help in reducing lose due to lack of understanding.

People who do leverage trading AKA future trading always have to be aware and in front of their screen. A couple of minutes is enough to change the market. Even though it is always recommended to use the Stop Loss and Take Profit feature. However new traders mostly love to take more risks and do not want to wait for a long time to move the market. This is another reason people also do binary trading.

There is a saying "Every minute is money" and some people take that too seriously. They want to make money every minute and do not want to wait for the outcome. They take more leverage so the damage/profit gets bigger and the chance of getting liquidated increases as well.

Beginners always do things that should not be done in trading, this is driven because their knowledge is still minimal, that's what ultimately makes them do things that will harm themselves. Apart from that, they also only look at the profits, they don't care about the risks they will feel and finally it makes them really feel the loss that will even destroy their mentality. However, if they are aware of the mistakes they make, usually they will be more careful and that will make them better in the future. However, if they are not aware of their mistakes, they will continue to do the same thing and that will make them feel even greater losses.

They tend to think that they already got the right skills but when the market fluctuates then they quickly react and made a bad decision that leads them to lose their money, it's more on experienced accompanied by continue studying the market movements and be familiarize with how things create changes as therer are factors that will gives you hints not to quickly decide and whatever influencing the current movements.