TRADERS CULTURE MISTAKES

1. Small capital, massive revenue goal.

As we all know and see, the vast majority of the buying and selling tradition within the society in most international locations does see buying and selling as a approach to make a revenue. Whereas the actual fact is that it is a pit of danger in case you are not smart in controlling the chance.

2. Layer so long as there’s a margin.

Our common dealer, particularly who’re new to ‘enterprise’, will use the layer approach so long as there may be margin. If the zone is legitimate, they may hold placing layers. However for my part, it’s higher with 1 lot that’s fairly giant and put it within the zone you need. It is simpler, proper? 😊

3. NO SL, Open TP.

That is essentially the most favourite amongst our merchants. I additionally observe the above BUT I’ll set how a lot capital I’m prepared to lose. When you put 100% capital in your buying and selling that’s in a ‘struggle account’ scenario, you’re already one step into the world of ‘losing cash’.

4. Revenue however no WD or inner switch.

To our merchants who might have been within the buying and selling world for 2-3 years or extra, they normally reset their capital day-after-day. They’ll observe ‘safe revenue’. However most of our merchants who’re new are inclined to neglect and will not be uncovered to details about ‘safe revenue’.

So, the conclusion is that it is best to re-examine the place we went unsuitable in buying and selling. What’s our buying and selling fashion? What’s our approach? how one can management our feelings? What causes all the things to be the reason for loss and proceed to concern the opinion that buying and selling is an trade that we must always not have interaction in. Give it some thought.

My opinion is straightforward. In case you are certain, you proceed. If doubtful, do not wager on luck or it is simpler to know with the saying ‘gamble on luck’ after which gamble your capital.

What do you assume guys? I wish to hear your ideas on this 😊 Please remark down beneath!