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1). Mistakes of beginning futures and forex tradersThere are many so called opportunities on the internet promising vast riches for little work in the area of forex trading and futures trading. Statistically 95% of beginning forex traders fail and quit. In this article I hope to provide a little sane advice, to increase this percentage for the good of all.
If you are like me you were attracted to futures or forex trading because both financial arenas offer highly leveraged results, which means that your profit "potential" in the short term seems to be very high.
2). Keeping your eye on the Big Picture
We are constantly bombarded by sales messages every second of the day. Buy this. Do that. And quite often the next thing that comes around looks like the next big thing. It's so easy to get distracted off what you were doing and never quite finish it.
The only real method of preventing this is self-discipline. Make it a rule to complete what you started before going on to the next thing.