Here at the Oil Trading Group (OTG) we educate all levels of day traders, although many traders that come to us for training have some experience, we get people from all over the world that are completely new to day trading as well. The new trader is always full of enthusiasm and they tend to ask a ton of questions; although I hear these same questions over and over, I NEVER get tired of answering them. The title of this post is a question I hear from almost every visitor I speak with here at OTG.
Biggest New Trader Mistake
I think the biggest mistake that a brand new trader makes is NOT having realistic expectations, all too often many a new trader thinks that all you need is a computer, a trading account, a “magical system” (that doesn’t exist by the way), and then you’re off to the races (oh, and of course NEVER a losing trade)….this is VERY far from the truth and will lead to depleted trading accounts, much more quickly than you think. I’m not going to sugar coat this folks, day trading is hard work and yes….there will be losing trades. Although using a day trading educator can help shorten the learning curve and help improve you’re trading, I want you to be a learner and NOT a follower and realize that just like anything else you’ll need to be patient while learning.
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