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Top mistakes traders make in their early days
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[QUOTE="Shaf, post: 230506, member: 25467"] Like many other traders, I only took learning seriously after I lost heavily. When this happens, you will realize that even though there really is money to be made on the markets, you have to be wise to be the one gaining and not loosing. One important thing is learning the fundamentals. If one can understand this, especially price action, it will help you to a kid losses even if you don't make a lot of gains. This will help you to know how market movers and other traders will think, where they will be taking profits, going short or long and many more. I used to ignore risk management but it should be the first thing that a new comer should learn. Without this, it's just as useless as gambling with one's life savings. Another point is to control emotions I think this is the most difficult and time consuming thing to learn. You can spend years trading and all of a sudden, make a bad decision die to emotions and thus get liquidated. [/QUOTE]
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