1, novices have a strong mentality of making money, frequent transactions, emotional transactions, and irrational analysis of the market, which can easily lead to losses.

Novices often have little patience. After a period of simulation, they feel that they can control foreign exchange and plan a grand plan to make money for themselves, but this is actually unrealistic. He doesn't listen to other people's suggestions, especially some old foreign exchange practitioners, who think they are the world's number one traders.

At this time, newcomers often trade very frequently and impulsively. Once they make mistakes, their eyes turn red and they want to turn over the books. I think I can beat the market or turn it around. Such a vicious circle, losing money, impulsively throwing money, losing money, and finally impulsive, will blame others, give up on themselves, lose confidence, and quit the foreign exchange industry.

Newcomers always like to ask around and always want to steal some inside information or quotes from somewhere. Only when others say it, they will get hot, believe it, and then place an order immediately. These news are either unreliable, or people who want to make your money are spreading doubts, tempting you to do more, and then eating or plundering your capital. If a novice wants to make money, he must keep a calm headache. It is possible to make money by thinking before buying such a deal.

Novices often think that they are geniuses and can beat the market. But first of all, foreign exchange market practitioners are games played by extremely smart people. Others will not be left behind by you, even often. And the market has never been as docile as you think, maybe a trend will make stubborn people lose everything.

5. Novice personal speculation in foreign exchange is to look at the dishes on the plate and do whatever comes to mind every day. Therefore, they may make a small profit, but most transactions are still at a loss. Generally speaking, they cannot make ends meet. People who can make stable profits must have their own trading ideas and trading systems. Do it in a planned way so that you won't be in a hurry when placing an order. To ensure more sustainable profits.