3 Biggest Mistakes I Made When I Was Learning to Trade Forex

<p>When I first learnt to trade, I had no clue what I was getting myself into. As I was searching the internet for the wide range of forex material available, I noticed two main things. The first one was 'Forex is the hardest easiest money you will make' and that 'Over 90% of Forex traders fail.'</p>
<p>Well, now, as I've been trading forex for some time now and mentoring people how to trade, I realised the 3 biggest mistakes I made while learning to trade.</p>
<p>1. Overtrading</p>
<p>I would jump on the charts at the London open, do my analysis on 6-8+ pairs and place multiple trades at once. This happened every time I jumped on the charts, I ALWAYS thought there was a trade to be taken. I remember feeling like a real professional at the time, watching my multiple positions tick up into profit but eventually hitting my SL and closing me out, losing 2-3% a night.</p>