At first I wanted to talk about this topic; because investors are generally a mistake. You have to admit that the analysis you did might be wrong. Accepting life means creating an opportunity to learn. Any small point you missed from the eye will cause you to get incorrect results from the analysis. This is also the difference between experienced and inexperienced investors. Experienced investors are investors who have accepted their mistakes and have improved themselves by taking lessons.
2- Basic Analysis
We divide the analyzes into two as technical and basic. Some investors choose to use only one analytical method and only use this analysis in their operations. However, a known fact is; the use of two analytical lines and the conclusion of the results should be interpreted in the last phase. If you are trading according to technical analysis, you have to be informed about the announced data when you are in the market. On this page, you will have more confidence in the technical data, and you will increase the accuracy of the result.
Key analyzes include the economic data disclosed, important discussions made, international agreements, crises, natural disasters, central banks. All these factors should help you understand why the price of an investment vehicle goes up or down. It provides you with the information you have obtained through technical analysis. For this reason, also learn about the two types of analysis and learn how to interpret the results together.
3- Mixing Emotions with Work
In general, in your investments, you need to curb your feelings. You have to act emotionally and your investment should be based on solid foundations. Apart from the result you obtained after the technical analysis, you will not be emotional approaching to the market, causing you to encounter loss. Especially with a temporary decline after the purchase, you will be led to think that things are not going well and then you will regret it later. You need to be sure of the analysis you are doing in these situations and you should wait without panic.
4- To use too many indications
Inexperienced investors often use too many indicators in their charts and think that they will get better results. However, too many indicators will cause you to make mistakes and will prevent you from reading the graph correctly. When you use too many indicators, you will not be able to read the signals correctly and you will get wrong signals. You need to use a second indicator that supports one or the other on the graph. You can decide which indicators to use during the demo account earning experience.
5- Hurry up
One of the common mistakes is to be afraid to miss the move and enter the market. Rushing will cause you to lose your investments and why you can not understand why. You need to calmly analyze and get your data and take the position after making the necessary comments. Do not hurry and remember Richard Branson's words; "Opportunities are like a bus, when one runs away the other will definitely come."
I hope it will be beneficial, as information spreads. Thank you.