Avoid These Mistakes When Trading

Trading does promise profits that can be said to be unusual, but not a few also experience losses when trying to run a trading business. Trading forex, commodities, or stocks is not a business scheme that can make traders get rich quick. Running an online trading business is basically the same as running a conventional business, where to achieve the goal requires good planning and systems. Here are some mistakes that are often made when trading, namely:

Over Lot

Over lot is the volume or lot used by a trader to place a buy order or sell order the lot size is too large, or the amount of margin used to open a position, the amount exceeds 10% of the total capital owned.

Overtrade

Many traders naturally tend to become addicted to trading or rather are unable to escape even for a moment from the market. Like some people who can't stop watching TV or playing online games, trading is often seen as a habit that gives emotional satisfaction. This is a serious mistake.

Over trading due to addiction can be overcome by not involving emotions when trading. If a trader is feeling stressed because of something outside of trading, then it is better to take a break to avoid the negative effects of this emotional stress. Trading is very vulnerable to the influence of emotions, therefore traders must always maintain emotions when trading so that they are not biased in making decisions.

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