Why Traders Stay Beginners: The Persistent Mindset Trap in Trading

Novice traders often make many mistakes, and that's perfectly normal. They're in a phase where trading feels exciting, leading to a strong urge to conquer the market. As a result, whenever they look at charts, they almost always want to trade, feeling there's an opportunity to be seized.

Moreover, they're still not accustomed to trading dynamics. Although they know that profits and losses are normal in trading, they're fundamentally unprepared when experiencing the shift from profit to loss or vice versa. Consequently, they often act irrationally and harm themselves by getting carried away with emotions.

Beginners also tend to focus more on their image rather than the primary purpose of trading itself, which is to generate profits. They prefer to struggle learning complex market theories just to be considered expert market analysts. Therefore, they often post their profitable trades on social media to show off their trading prowess.

For them, the important aspects of trading are how to avoid floating losses, and if possible, they'll try to catch exact price turns, open trades using all their margin, and avoid using stop losses. All of this is done for the pride of being recognized as someone who can predict markets with high accuracy.

They don't want to just trade for profits. They want to make profits elegantly, with accurate predictions. They even want to make their trades 100% profitable.

These are all typical behaviors of novice traders. And it's understandable, as they're inexperienced and there's still much they don't know about trading.

However, while these characteristics are typical of beginners who have just started trading, these traits are also commonly found among veteran traders who have been trading for years.

Despite their abundant market experience, unfortunately, they haven't changed much from when they first started as traders until years later. They continue doing what beginners do, prioritizing pride over trading profits, and worse, they believe all of this is correct.

In reality, it's not that they can't change and grow into professional traders. It's just that the forex trading world has never had good trader role models to follow. Even when looking at social media content, most of it is about how someone makes huge instant profits, how to predict markets with high accuracy, trading methods with 90% probability, and other nonsense. Very few contents address how to maintain consistent profits, how to avoid margin calls, or the mindset that trading is a long process that can only be achieved step by step, not instantly.

This situation is clearly bad for traders, considering that most traders are self-taught through the internet. Consequently, most traders will accept these bad lessons and consider them as the right things to do. Yet these are precisely the things that keep them stuck as novice traders.

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