Common bad habits of novice traders:
1. Blindly chasing the price
When they see the price of the currency rising, they are eager to buy at a high price. As a result, they often do not get the meat, but are trapped at a high price.
2. They cannot tolerate market fluctuations and sell at a loss at the slightest fluctuation
They panic when the price of the currency fluctuates slightly and choose to sell at a loss. This behavior is a typical behavior of not being able to hold the position. In the end, they often complain about why they fall as soon as they buy and rise as soon as they sell.
3. They cannot control their emotions and are prone to emotional operations
In the currency circle, a common saying is "follow the trend". As long as the general trend is judged correctly, you should have firm beliefs; if the direction is wrong, you should stop losses in time to avoid resisting orders. Emotional operations often lead to misjudgments and cause unnecessary losses.
Veterans have also come from this process. If you have been struggling for many years, but you still frequently chase ups and downs, it may mean that you have not yet formed a trading system that suits you.
At this time, you need to seriously reflect on whether you are really suitable for this market, or whether you need to further learn and improve your trading skills.
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