The 3 mistakes every beginner forex trader makes (and how to avoid them)
I've been trading forex for years and I see the same patterns with every beginner who blows their account.
Mistake #1: Trading without a plan.
You open a chart, see a candle going up, and buy. No stop loss, no take profit, no reasoning. You're gambling, not trading. Every single trade needs a written plan before you enter.
Mistake #2: Overleveraging.
Just because your broker offers 1:100 leverage doesn't mean you should use it. If you're risking more than 1-2% of your account per trade, you will blow up. It's not a matter of if — it's when.
Mistake #3: Switching strategies every week.
You try price action on Monday, indicators on Wednesday, and some random YouTube strategy by Friday. None of them "work" because you never gave any of them enough time. Pick one approach and master it over 3-6 months minimum.
The traders who make it aren't smarter — they're more disciplined. That's what we teach at FX Academy.
