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HomeFOREXWhat problems are prone to occur for beginners in foreign exchange trading?

What problems are prone to occur for beginners in foreign exchange trading?

What problems are prone to occur for beginners in foreign exchange trading ? Strictly speaking, foreign exchange trading is a very boring thing. In the process of trading, investors must always seek a balance between risk and profit. Novices often do not realize this when they are trading foreign exchange. Accustomed to getting results quickly, it is often not a big win or a big loss.

The initial period of foreign exchange trading can be called the blind period of investors. At this time, investors are full of good expectations for foreign exchange trading, but they are not fully prepared. It is mainly manifested in the following four points:

  1. Know nothing or little about the risks of the foreign exchange margin trading market, and do not understand capital management at all.
  2. The level of analysis, especially the level of technical analysis, is limited, and orders are often based on hearsay or so-called expert guidance.
  3. Insufficient practical experience, easy to panic in case of emergencies.

Fourth, the mentality is not correct, want to win but be afraid to lose, and have no psychological preparation for losses. In the event of a loss, they will not adjust their mentality reasonably, refuse to admit defeat, and fight hard.

In foreign exchange trading, if foreign exchange investors take it lightly, they will inevitably pay tuition fees to the market. The existence of risks in foreign exchange trading requires investors to avoid their own irrational behavior, treat the market rationally, and take risk control measures to protect their foreign exchange transactions . Do it safely.