Mistakes Beginners Traders Make - I

Truth be told, when you are new at something it is very easy to make mistakes. Unfortunately, in the Stock  market you will find that almost all new traders make the same mistakes over and over again.
To have a steeper learning curve and gain more from your trades, you need to identify the common mistakes made by beginning traders and find out how to avoid those mistakes.

1. Misreading Charts

It is true that price charts are the primary tools for successful  trading . The main mistake beginners make when reading price charts lies in the identification of time frames.
Traders should always ensure that they are looking at time frames that immediately precede and immediately follow the chosen trade period.
Any other time periods are irrelevant for that particular trade period and should not form the main reason for making trade decisions.

2. Trading From Fancy Tools

 

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