Last week I started with interesting insight into the minds of traders through 6 most common habits traders often committing. Today I prepared another six. Enjoy and learn from somebody's mistakes.7) Using too much indicators - When you starting, you usually tend to think that more of everything is simply better. That more indicators you put to your charts the earlier you will spot the trend or a reversal. But more and more studies you add, you start to lose your ground and everything is a big mess on your charts and the important things start to fade away. Not mentioning that every trader on the world has the same possibility and in the end we all can use the same indicators if we only want. So, probably, there is no hidden formula in those. Look at some examples - my earlier chart and how I trade now. 8) Relying on other's predictions - When our trading plan doesn't work or we do not follow its rules, we often seek some reason, why we are unsuccessful. But instead of blaming us for not obeying the rules of trading plan or money management, we start to think, that problem is in our bad market prediction. What if other people know what happens next? What if they have some insight I…
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