🚨 Why 90% of Traders Lose Money (And How You Can Avoid It)
Trading is more psychological than technical. Most traders lose money due to behavioral mistakes, not strategy. Here are the main reasons:
1. 💸 No risk management: Risking too much per trade can wipe out your account. Professionals risk 1-2% per trade.
2. 🔄 Overtrading: Don't feel like you need to be in a trade all the time. Sometimes, the best trade is no trade.
3. 😱 FOMO: Don't chase trades. Plan your entries and stick to them.
4. 📝 No trading plan: Define your entry, stop loss, and take profit before entering a trade.
5. 🔥 Revenge trading: Don't try to win back losses with bigger trades. Stay calm and stick to your plan.
6. ⏰ Ignoring higher timeframes: Check the bigger picture to make informed trades.
7. 😨 Emotional decision-making: Fear and greed can kill your trading account. Stay disciplined.
The key to success is simple: master your behavior, follow a plan, and stay disciplined. 💪
Want more tips? Check out my other articles:
1. How to read a candlestick chart in 5 minutes
2. The biggest mistake beginners make in crypto and forex
3. What Liquidity Really Means
4. Support and Resistance Explained $XAU
