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NOVICE TRADER vs PROFESSIONAL TRADER

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Differences between a Novice Trader and a Professional Trader A Novice Trader is someone who has just started trading in the financial market, and is still learning the basics of how the market works and how to make investment decisions. Some of the common characteristics of a novice trader include: Lack of experience: A novice trader does not have much experience in the market, and may make mistakes due to his lack of knowledge. Lack of Patience: Often, novice traders want to see quick results and may make hasty decisions without fully considering the long-term implications . Lack of discipline: Novice traders often do not have a solid trading plan and can get carried away by their emotions instead of following a strategic approach. Lack of technical and fundamental knowledge: Although they may have a general idea of how the market works, novice traders often do not have a thorough understanding of the technical and fundamental indicators used to make investment decision. A Profe...
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92% GIVE UP

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  Why 92% of Traders Fail in the Financial Market There are several reasons why 92% of traders fail in the financial market. Some of the main reasons include: Lack of planning and strategy: Many traders enter the market without a clear plan or strategy, which leads them to make decisions based on emotions instead of logical analysis. Over-leverage: Many traders use too much leverage, which means that they are investing more money than is available to them. This can lead to huge losses in the event of a failed trade. Lack of discipline: Successful traders are disciplined and follow a set plan. Traders who are not disciplined tend to break their rules and make decisions based on emotions. Lack of education: Many traders enter the market without proper education on how the financial market works. This can lead to poorly informed decisions and wasted money. Lack of patience: Many traders want to make money quickly and make hasty decisions. This can lead to significant losses. Lac...
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