Most beginners repeat the same mistakes that lead to losses. Knowing these early can save you time and money.
Mistake 1: Trading with big lot sizes
Beginners often risk too much on a single trade.
Solution: Start small and use proper risk management.
Mistake 2: Trading with emotions
Fear and greed cause poor decisions.
Solution: Follow a solid trading plan every time.
Mistake 3: Not using a stop-loss
Without a stop-loss, one bad trade can wipe your balance.
Solution: Always set a stop-loss before entering a trade.
Mistake 4: Overtrading
Taking too many trades leads to stress and unnecessary losses.
Solution: Set a daily trade limit and stick to it.
Mistake 5: Trading without enough knowledge
Many people start trading just by watching others.
Solution: Learn the basics first, then practice with a demo account.