5 Top Day Trading mistakes to avoid!

Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Have you started to day trade but are scared of making mistakes? 😱
There's always bumps on the road to becoming a trader and even a few tough lessons along the way are inevitable. 😨🤦‍♂️
But don’t worry, watch FXTM's senior analyst, Lukman Otunuga take you through these top 5 common day trading mistakes and how to avoid them. Lukman will share his experiences, that’ll give you insights on what to look out for so you don’t fall into the same traps.

So what trading mistakes have you made that hasn’t been listed and how did you overcome them? Let us know in the comments section & join the conversation! 👩🏽‍🤝‍🧑🏾📣

0:00 Intro
0:46 1. Trading on your impulse
1:50 2. Blindly following signals
2:39 3. Revenge trading
3:29 4. Not using risk management tools ( stop loss & take profit )
4:00 5. Over leveraging
4:55 Conclusion

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[gideonomede]

Guilty of most especially the last one greedy me...
Lesson learned.
We move.

[sunjoserge]

am a newbie n am guilty of all the above even though I am still on demo