If you are just getting started trading currencies in the foreign exchange, you may be making a number of trading mistakes that may cost you dearly. Beginner forex trading Mistakes are easy to avoid. You should only be trading with money you can afford to lose without it turning into dire financial straits. Here are a list of the top seven most common beginner trading mistakes. Mistake #1: It’s OK to Take Risks If you are just getting your feet wet in the foreign exchange, you can and should take risk. However, people who trade in the currency market traditionally take many calculated risks. This is how they have earned their livelihood. Just because going forward is entails taking some risks does not give you a license to go ahead and take ever possible risk. Keep in mind that trading in the currency market involves decision-making and risk. Just because…

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