While most traders know very well the importance of the mistakes that will list and in many cases they have made them, most traders continue to make them in the future.
Each of us makes mistakes. But the important thing is to learn from them. Here are the 3 most common mistakes in trading.
1) No use of Stop Loss
How boring. Well, after many times have we heard of this important rule, namely the use of Stop Loss, continue to allow the same mistake. In trade, however, the only thing you can control is the risk, no matter what the charts, indicators and platforms use. The best traders fail precisely that - controlling risk. They know when it is time to exit and use of "lifeline" by stops. Limiting losses means is number 1 for a longer life of the financial markets.
2) Trading without trading plan
If you want to be a professional trader, or at least look like one, definitely need a good trading plan before you start trading.
Trading plan does not represent only put stop loss, which just clarified. You must have good money management, depending on the strategy you use, targets and all other required parts of any good trading plan.
3) Search of the Holy Grail
There is no single indicator or system to ensure your future market of 100%.
By trading can become very rich in a short time, but if you think that the market is the lottery are doomed to failure. You do not need complicated methods to earn from trading. You need a good strategy and discipline.
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Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.