Trading Psychology7 min read
10 Trading Mistakes Beginners Make (And How to Avoid Them)
Every beginner makes these same 10 mistakes. Learn them now and skip the expensive education. The ten account-killers, from oversized positions to revenge.
The Top 10
- Risking too much per trade
- Not using stop losses
- Overtrading
- Chasing the market
- Moving stops wider
- Revenge trading
- Switching strategies too early
- Ignoring the trend
- Trading without a plan
- Not journaling
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70-80% of retail investor accounts lose money when trading CFDs. Backtesting does not guarantee future results. Always consider whether you can afford the potential loss of your capital.