Most forex losses come from a handful of simple, repeatable mistakes — not complex market forces. Fix these and you keep more of your money. Here are the common ones and the fixes.
1. Trading Without a Stop-Loss
One runaway move erases weeks of gains. Fix: always set a stop before entry.
2. Over-Leveraging
Big leverage turns small moves into account killers. Fix: use low leverage and risk 1–2% per trade.
3. Revenge Trading
Chasing losses with bigger size ends badly. Fix: step away after a loss and review your plan.
4. Poor Timing
Trading thin hours and news spikes invites slippage. Fix: trade liquid sessions and avoid high-impact news.
5. No Plan or Journal
Without a plan, every trade is a guess; without a journal, mistakes repeat. Fix: write rules and log every trade.
FAQ
Which mistake kills most accounts?
Over-leveraging combined with no stop-loss.
How do I stop revenge trading?
Rules and breaks — decide your max daily loss and stop when hit.
Related: Forex Success and Trading Emotions.