Four Bad Habits Knocking out Traders

WikiFX Strategy (23 Jan.) - Unqualified traders will soon be knocked out of the market in which tradings harshly follow the Law of the Jungle. Here are four bad habits that should be brought to traders' attention. Only by breaking them could you find a chance to become a successful trader with stable earnings.

1. Bulk deals, overnight positions & none stop loss

Traders with such habits are taking chances for a possible profit. Good traders should get rid of fluke minds.

2. Excessively trusting/relying on others

Essentially, to trade is to apply your knowledge in practice and obtain profits from it. But traders who excessively trust or rely on others will attribute their gains/losses to others. As a result, they can hardly know themselves, nor can they handle difficulties independently.

3. Being Too Certain of Yourself

Traders should stay alert in the unpredictable market. Those who have limited experience but are certain of their knowledge will easily get frustrated in failures.

4. Trade what you can't afford

Evaluating the risks of each trading before setting orders. Traders should maintain self-control and stick to their plans.

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