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The top 3 mistakes that every retail trader makes
Posted On 21 Jan 2015
In this video I’m going to be discussing the top 3 mistakes that every retail trader makes, for the text version check out this link; https://plus.google.com/103599589295022709221/posts/344Cy3Kbcw2
Nice video, I actually remember myself doing the same mistakes, so it’s good that you outlined them for everyone to learn from it.
Acquiring the correct knowledge is essential (like you said) because without it you will be basically gambling and you will have the same chances to win like at a casino.
Besides market and trading knowledge I’d highlight also broker choice. Several traders have to switch their broker multiple times because they either don’t pick a broker that suits their trading style or they fall for catchy advertisements. Some brokers seem to have tempting offers at first but the ugly truth turns out later. That means that they apply lot of re-quotes or hidden costs and these factors also hinder retail traders from making good money. I have a quite deep experience regarding this topic which I’d gladly share with others, so if you’d be interested in a guest post, let’s contact each other.
Hi Peter, thank you for your comments. Yes indeed you hit the nail on the head, choosing the correct broker is equally important, in particular to the point mentioned about one’s trading style. We would most definitely wish for you to share your knowledge and experience with our audience. A great idea for a guest post.
Thank you for the encouragement. I’d be more than happy to share my thoughts and help fellow traders with my knowledge. I’ll contact you via your contact email address soon.
Excellent! Look forward to it.