Common Mistakes Beginner Traders

Mistakes are normal, a human element and the best process for learning. Likewise, traders may have neglected financial arrangements, deviated from the plans that had been prepared, or were too eager to aim for big profits that led to losses.

This bitter experience ultimately trains the trader's mentality, from beginner traders to be professional trader. Trader who have been gone a through lot of experience have structured work characteristics, such as structured plan to entry into a transaction, the right time to entry and exit, a measurable amount of capital to invest, as well as maximum loss that can be borne. Here are some mistakes that are often made by some traders. 

Over Lot 

Over lot is the volume or lot used by a trader to place a buy order or sell order, the lot size is too large, or the amount of margin used to open a position, the amount exceeds 10% of the total capital owned. 

Over Trade

Many traders naturally tend to become addicted to trading or rather are unable to escape even for a moment from the market. Like some people who can't get enough of watching Tv or playing online games, trading is often seen as a habit that gived emotional satisfaction. This is the a serious mistakes. 

Over trade due to addiction can be overcome by not involving emotions when trading. If a trader is  feeling stressed because of  something outside of trading, then it is better to take a break to avoid the  negatif effectsof this emotional stress. Trading is very vulnerable to the influence of emotions, therefore traders must always maintain emotions when trading so that they are not biased in making decisions.


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