Trading is tricky and there are lots of mistakes you can make. Let’s take a look at 7 popular mistakes novice traders make and ways to avoid them. Read the full article to learn more.
Risking what you cannot afford to lose
Trading is a high-risk pursuit. From time to time, all traders lose money. The thing is to manage your risks and never put at stake what you cannot afford to lose. There is a huge difference between being positive and being unrealistically presumptuous. When traders keep track of their losses and consider them an essential part of the trading practice, they are less prone to reckless behavior. When, on the other hand, you believe in luck and anticipate the inevitable win, you are more at risk that you think you are.
Going all in
Arguably the easiest way to lose all your money is to go all in. Trading is not a casino, and luck should not be an integral part of your trading strategy. Every time you go all in you run the risk of losing it all. No trader is capable of winning all his deals. Sooner or later you will lose a deal and with it the entire trading capital. No matter how many wins you had before, you will have to start from the very beginning.
Trading the wrong time frame
Trading fundamental reports on a 5-minute graph can indeed be detrimental. But why? Fundamental factors may take up to several years to unfold. Inflation, GDP growth rate, and important political announcements are of much less use on a 5-minute time interval than, say, on a 1-hour time frame. The timing in this case is of utmost importance, as well. Be one minute too fast / too slow, and you are going to miss an opportunity and maybe lose money in the process.
Trading without a solid plan
A lot of traders use their emotions as guidance, sticking to the so-called intuitive approach. But only a few make it work. The thing is, you are constantly tempted to believe in blind luck and fortune when trading. You, therefore, will rationalize that hop and confuse it with the gut feeling (that is, in fact, nothing more than your desire to win). Trading is not gambling; this approach may work once or twice but will ultimately fail in the end.
Trading without a stop-loss
A stop-loss is an often-overlooked feature that can help any trader get a better control over his losses. According to industry specialists, you should learn to lose money (in a proper way) before you learn to earn them. A stop-loss does what it says, automatically closing loss making positions when a certain threshold is met. It can, therefore, help you greatly improve the overall effectiveness of your trading pursuits.
Changing your strategy too often
It is no secret that when a trading strategy stops working for you, you should go and get another one. Still, the question ‘How you define sub-par strategies?’ still holds. Some people believe that a strategy that fails, say, 5 times in a row is not to be taken seriously. But in reality, all traders will go through a losing streak sooner or later, and even a prominent strategy can demonstrate lackluster results.
Trading correlated assets
This one is not so obvious (and therefore quite dangerous). Most traders know that it is a good idea to diversify risks, buying and selling different assets instead of just one. What some of them forget is that different assets that appear to be different are in fact tightly correlated. Say EUR/USD and USD/JPY that will behave in a similar fashion when the USD goes up and the EUR and the JPY stay on the same level. When trying to diversify you should, therefore, be looking for truly independent assets.
Trade now
excelentes dicas !!!
Obrigada pelo seu tempo, colaboração e por estar conosco, amigo!!
Ok
Tell me please . What is this ?
I Dont’no How How is play. Please can you help me?
Thanks for your interest, Raja! IQ Option is a trading platform that helps you start your journey as a trader. We offer various trading instruments: Options, Forex, Crypto, etc. You may learn more on the official website https://iqoption.com/en/numbers. If you have any questions, feel free to email us at support@iqoption.com! 🙂
I dont know plese inform me
Bons conselhos sempre são bem vindos.
Obrigado.
Obrigada pelo feedback! Tenha um dia maravilhoso!
How can it benefit me and how will I go about it since am in Ghana
8456890887santosh
How to play this game
Hello there! How are you doing?
We would like to inform you that it is not a game.
IQ Option is a trading platform where you can start your journey as a trader.
You can learn how to trade on your practice account.
You can find more tutorial videos on our trading page.
Tell me what are 7 mistakes avoid
0642774479hicham@gimail.com
Hey, any questions for us?
Eu não estou conseguindo fazer a movimentação.
Hola, estimad@ cliente! Gracias por contactarnos. ¿Podrías especificar tu pregunta, por favor? También puedes comunicarte con nuestro equipo de soporte via support@iqoption.com Te agradecemos mucho por la cooperación.
8456890887santosh
Hey hi Santosh, how can we assist you?
Hii can you help mi iq option
Hi, how’re you? What can we do for you? 🙂
ramu9972253991@meil.co Bangalore 96 nandini layout
Tell me poleez
I am new.. Kindly advise for beginners
Curious and worried about my money
Hey hi, how are you?
Did you use the practice account yet? It is the best to understand the platform. Along with our blogs, you can also watch our video tutorials 🙂
Hi
Hi
Hi I m Imran bhatti Pakistan and you
Postoji
Zdravo
Hi, how’re you? What can we do for you? 🙂
Hi, how’re you? What can we do for you? 🙂
Great Article
We are really glad you like it. Your support is very important to us! 🙂
Iq option is my lovable trading platform….😍😍😍😍thank you for valuable tips😍😍
Hello Dear, thank you so much for your feedback.
We try to do our best and to provide you with the right information. Let us know if you have something to add. Good day.
9
I dont know how it works but I’m still learning
Success only comes with practice, effort, and time.
Please start with trading on the demo account. There you can check how strategies work for you without any risk of losing your real funds.
You might get interested in our educational section https://iqcc.io/en/tutorials and make more informed transactions. These not only explain the way the trade is made but they also describe the technical analysis tools and strategies based on them.
We wish you lovely trading experience with IQ Option and a great day!
Oi tudo bem eu ainda não conseguir investir não conseguir achar o cominho como que faz vcs pode mostrar no detalhe.
Ok
Let us know in case you have questions Ahsa 🙂
Suport me
Hi Zeeshan! Can you please specify the question, what support do you need?
I love it but I just have 1 problem I Dont have any of the deposit method, I really want to start trading
Hey hi, if you do not have a bank card then you can switch to ewallet. You can register them online. Without any of the listed deposit option, you would not be able to deposit funds.
Hi how to credit payment from account because didnot credit from my account please help me
Hello, how are you?The availability of the payment options may vary depending on your location. All available payment options you can find here https://iqoption.com/en/cabinet/counting . You can select from the ones available, you can not add any option manually. In case of questions, please write to support@iqoption.com.
Agame efavo como tarabaja
Ok
Thanks
Always yours!
Hvala vam puno na upozorenju i korisnim informacijama obzirom da samje od skoro ovde ! Plasio sam se da ovo nijenije neki robot ili tako nesto ? Ali ocigledno moram da prihvatim savete 🙂
Hello Dear, thank you so much for your feedback.
Great
Thanks, Emilia!
We wish you lovely trading experience with IQ Option and a great day!
🙂
Sou iniciante mais fico muito agradecido pela atenção é orientação
Olá, muito obrigado pelo seu feedback.
Nós fazemos o nosso melhor, e dar-lhe a informação correta.
Por gentileza nos informe se você tiver algo para adicionar.
Queremos que tenha um ótimo dia!
Hi Omar, we can pray for you and that you find good employment, we do not give loans or bonus.
Make it easy to understand trading for earning money.
Great stuff
We’re happy you’re staying with us. Your support is very important to us! 🙂
Great post
Thanks for your appreciation, Rajesh!
Yes realy good job your dis sapot is help to stop our loos mony
We’re happy you’re staying with us. Your support is very important to us! 🙂
Como eu consigo retirar meu saldo caso eu decida retirar?
Arguably the easiest way to make money is to follow IQ option tips😁.. thx alot for all those tips… Wish to have more drawing tools like fork.. Fibonacci spiral resistance..fan.. etc… Happy holiday to all crew wish u best year
Hello Dear, thank you so much for your feedback.
We try to do our best and to provide you with the right information. Let us know if you have something to add. Good day.
Ahsanullah
Sou inicianti meio perdido
Olá, você pode especificar qual parte exatamente você acha difícil, leu os blogs e usou a conta de prática?
Do u offer account management
Hey hi Maxwil,
How are you? We do not have account management if you are talking in terms of someone who can trade on behalf of you.
You should trade for yourself always.
Please write to support@iqoption.com for more information 🙂
So amazing
Hello Dear, thank you so much for your feedback.
We try to do our best and to provide you with the right information. Let us know if you have something to add. Good day.
Thanks Vasiliy for the great article ….following for more valuable info
Hello Maggie, thank you so much for your feedback.
We try to do our best and to provide you with the right information. Let us know if you have something to add. Good day.
very helpfull post thanks…😍
Hello Dear, thank you so much for your feedback.
We try to do our best and to provide you with the right information. Let us know if you have something to add. Good day.
Thank you for …..
You’re always welcome, Adnan!
very help full thank u so much
Hello Dear, thank you so much for your feedback.
We try to do our best and to provide you with the right information. Let us know if you have something to add. Good day.
I requst a withdraw but no reply what is problam
Thank you for getting in touch, dear Asim! Withdrawals to e-wallets are processed in 3 business days. Withdrawals to a bank card may take up to 9 business days. If it has been longer than that, please contact our support team at support@iqoption.com and they will be glad to assist you in this matter. Thank you for helping us improve.
iQ oiton best aps but iam poor
Hi, Saleem! If you’d love to join us, you may use our free demo balance for as long as you wish. To use it you need to click on your balance in the right upper corner and choose the type of account you’re willing to trade. Could you contact us at support@iqoption.com so we can do our best to help you understand the app better? Hoping to hear from you!
Saludos, cordiales.. gracias por los consejos, que nos servira muchisimo, por que no se trata de imvertir tdo nuesrtro sueldo, siempre tenemos un riesgo de perder..mi consejo para las personas es.. no depositen el dinero de sus gastos, para que despues no tengan problemas economicos, separen un 15% por ciento desus sueldos y agan la prueba
Muy bien dicho, gracias por su comprensión 🙂 le deseamos todo lo mejor.
Hi.I want to know that how many days does a transfer to one’s bank account take from my trade account ?I am in Swaziland
Hello, withdrawals to bank card may take up to 9 working days and to ewallet it may take up to 3 working days. We do not count saturday and sunday.
sou iniciante , e preciso muito de uma ajuda,pois estou bem interessado! obrigado
Very very nice
Hello Dear, thank you so much for your feedback.
We try to do our best and to provide you with the right information. Let us know if you have something to add. Good day.
My name is Carl Sandow from south Africa i just started purchase 15$ rands R300 it was my deposit on the trading site i don’t see my deposit anywhere help I have paid it on Saturday please assist thank you
Hello Carl, how are you doing?
Can you please contact our support at support@iqoption.com as we can not check the problem here on social media.
We thank you for your cooperation.
I want to invest in it. Can anyone tell me how to get it out if I make money? How long will it take for my money to reach me?
Thank you for getting in touch! Withdrawals to e-wallets are processed in 3 business days. Withdrawals to a bank card may take up to 9 business days. The availability of the payout options may vary depending on your location, so we kindly ask you to contact our team at support@iqoption.com to check all available payout methods for you. Thank you!😊
Obrigado pela atenção e dedicação
Obrigada pelo feedback! Tenha um dia maravilhoso!
I like it this app but i dnt know this app is used
Hi! Thanks for joining us!
The main idea is to predict where the price will go. You can choose a type of instrument (Crypto, Forex, CFD, etc) you want to trade. We have lots of currency pairs and company actions, so you can choose the one that you like
After you have chosen one – you are welcome to decide whether you think the price of the asset goes up or down. If you think it goes up, click Higher (Buy on Forex). If you believe it goes down, click Lower (Sell on Forex).
You can use a demo account for practice and gaining experience. That will help you find the best strategy for you without any loss. You might get interested in our educational section as well https://iqoption.com/en/tutorials
In case you need any assistance regarding your account, do not hesitate to reach us at support@iqoption.com. We wish you the ultimate trading experience with IQ Option!
Good jobs
We’re happy you’re staying with us. Your support is very important to us! 🙂
Hi help me plz
Hi, how’re you? What can we do for you? 🙂
Good evening
Hi, how’re you? Is there anything we can do for you? 🙂
Como eu consigo retirar meu saldo caso eu decida retirar?
Olá, o saque depende de como você deposita os fundos. Você pode verificar todas as opções disponíveis para seu país / região na página de depósito / retirada.