Trading Mistakes – FAPWinner or FAPTurbo? Either way you will FAIL
” One can have no smaller or greater mastery than mastery of oneself “
Leonardo da Vinci
The TOP Five worst mistakes you can make as a trader be it with Forex or any other kind of money speculation:
- Adding to losing positions
- Trading without a plan
- Over trading
- Going for Broke – Chasing Losses
- Use of Drugs or Alcohol whilst Trading.
- Failure to learn from past mistakes
I have personally fallen into several of the traps above. The best advice I can give you is to read as much as you can on the subject of Trading. The areas you should cover before starting out with Trading are Discipline (Psychology) and Money Management. Please believe me that without these skills you have no chance of success.
Do your homework. Don’t be lazy.
If you think you are going to get rich overnight? Sorry… It just doesn’t happen that way.
As Leornado said “Gain the Mastery of Oneself.”
Paul.
