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    ​Steady Profits Are Hindered by Three Pitfalls!

    Abstract:Traps commonly encountered when investors make expectations are listed herein.

      As for traders, expectations can be a standard for the measurement of success or failure, fueling their enthusiasm. The thing is, impracticable expectations can let them down. Traps commonly encountered when investors make expectations are listed herein:

      The more frequently you trade, the faster you will learn.

      As a dangerous mentality, it leads you to overtrading, thus plunging you into the unnecessary risk of being emotional. The key to speeding up your learning is focusing on the quality of your transactions instead of quantity. You are suggested to keep detailed transaction logs and learn from your trading experiences.

      I can live on forex trading.

      Every trader hopes to make his/her goal of living on transactions come true in the short run. However, years of practice and experience in forex trading are the precondition for cultivating the skill of transforming transactions into a source of income.

      Making money is the only target in forex trading.

      Being wealthy should not be the final goal for traders. It is better to contemplate the course of decision-making, the adoption of effective set-ups, the adherence to trading plans, and the practice of appropriate risk management than focus on returns only. Equipping yourself with all this knowledge can make a successful trader out of you who can enjoy steady profits.

      Download WikiFX to get lessons from experts who have traded forex for over 20 years. (bit.ly/wikifxIN)

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