tradingout
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Not to let the emotion getting to their head and ruin the trade
Qi's suggestion is that analysts can make better and correct judgments based on the data and their own technical indicatorsMaster at least 2 technical indicators - how to analyse them and use them for finding out the right phase to enter and exit a trade.
Super advice. Beginners should spend good time on demo trading.Be profitable or go on demo for as long as it takes.
about 10 years for most .....Super advice. Beginners should spend good time on demo trading.
I agree, and I think you sound realistic on this. The human brain is prone to believing in things it sees or thinks about a lot, and it is true for most areas of our lives that it is hard to give up something you have invested hope and effort in.The very real possibility that you will fail. This is not an if/then world. Substantive points of reference are very fleeting; so much so that when one comes along, seeing it and convincing yourself that you are seeing what you think you are seeing is more difficult than you might think. Learn to marshal the courage to walk away from something that you've invested so many hopes in. Sorry to sound so negative about things but there are more than a few people that have hung themselves with this particular rope.
Yeah, experience is the best teacher for a trader.In starting, as a beginner, there are lots of things to learn and work about trading. More experience helps to gain profit.
It will never stop being risky. The question that needs to be answered is whether or not you can handle risk under pressure. The sooner you find out the better.Beginners should first learn to trade on demo accounts. Directly jumping to the live market can be risky for them.