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Trading In The Dark!

Trading In The Dark!

Too many new traders rush into trading after a string of luck and confuse luck with skill. Or they study a bunch of information and confuse knowledge with experience, actionable skills, and the right process. One of the most dangerous things for new traders and investors is to be ignorant of their own ignorance. The first steps in education in the finance world is learning what the right questions are to ask. Then understanding that so much of trading and investing is a psychological game more than a game of math.

Here are some warning signs of new traders that are blind to important market dynamics:

(a) They think big returns can be consistent and easy.

(b) They do not understand that bull market and bear market price action is very different.

(c) They do not see the importance of position sizing and risk management because they are over confident in their trading.

(d) They see no need for talking about trading psychology.

(e) They think trading is all about making a prediction and betting big on it and letting it play out with conviction.

(f) They have never heard of the term risk of ruin.

(g) They think successful traders are either flaunting mansions, girls, and sports cars or they are not successful.

Tags: free stock market courses for beginners, online trading academy, stock market training institute

 

05 Oct 2017 4:54 pm 0 Posted by tamilforex

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