Wednesday, February 10

Bad Trading Habits and How to Avoid Them

When trading  you should maintain a businesslike attitude and take your investment seriously.
There are common bad habits that can prove severely detrimental to your trading account and every trader should do his or her best to completely avoid committing them.

1. Unreasonable Expectations

Most of you have heard stories of traders from  Rs 50000 and making millions in a fortnight then those were lies.Though it is possible to make a fortune from a small initial investment, this usually takes a lot of time as one gains knowledge and experience to grow the account.
During this learning period, be ready to suffer many losses. Some of them will be heavy enough to wipe out your trading account.
In short, do not quit your day job just yet. Take your time to learn the trade and expect reasonable profits especially in your first few months of trade.

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