1 IGNORANT OF NEWS EVENTS Most ignorant technical traders often have there trading account badly damaged if not wiped out during news event releases. I therefore recommend that you get familiar with economic calendars even if you do not like trading them. 2 OVER TRADING. Most ignorant traders often over trade in any of the following ways: opening more positions than they should, not knowing when they have exceeded there trading limits. I recommend trading only one position at a time as a beginner. 3 NO TRADING SYSTEM One of the worst things that can happen to a trader is to chase after pips or dollars without a proven system. To succeed in trading you need a proven and tested decent trading system. 4 NO TRADING PLAN A plan gives you the road map to your destination. When you have no plan, you will surely not know when you miss the way. 5 NOT KNOWING WHERE TO PLACE STOP LOSS ORDER And have high probability for profits It is one thing to place stop loss orders, it is another thing to kn...
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