TOP 5 reasons why traders lose money

Trading is easy. But to start earning money, learn literally 5 simple rules. I will share them using examples of typical traders’ mistakes:

1️⃣Incorrect risk calculation

To trade without losses, correctly calculate the market situation and your capabilities.

2️⃣ No trading goals

Setting goals and planning trading at all stages is the key to success.

3️⃣ Psychological instability

Never give in to emotions and passion. Self-control is an important trait of a successful trader.

4️⃣ No strategy

You should not rely on chance and trade “as the cards fall.” By choosing the most suitable strategy and sticking to it, you can make money in the market.

5️⃣ Lack of discipline

Trading is also work. Therefore, it is important to organize a space without distractions and allocate time to interact with the platform.