6-10 minutes to read
1. What are the most common beginner trading mistakes?
The six key mistakes are:
Overtrading — opening too many trades without a plan.
No Risk Management — The absence of stop loss leaves trades unprotected.
Emotions — Feel greed, fear, or revenge? It is better to make the trade later.
Strategy Hopping — switching strategies too often.
Ignoring the News — missing important economic events.
No Reflection/Tracking — not reviewing past trades to improve.
2. Why is keeping a trade journal so important?
A journal helps you identify patterns, understand mistakes, and track what works. Without it, improvement is slow and based on guesswork rather than facts.
3. What advice do experienced traders give to beginners?
Stay disciplined, control your emotions, and be consistent. Strategy matters, but without emotional control and discipline, even the best plan will fail.
4. How should you track your progress?
After each trade, record your entry reason, SL/TP levels, result, and emotions. Every 10 trades, review for patterns — such as emotional losses or early entries.
5. When should you move from demo trading to live trading?
Only when you can trade calmly, follow your rules consistently, and maintain discipline over 20–30 trades without major emotional mistakes.