Ten mistakes to avoid

1. Trading too big. Using large lot sizes because leverage allows it. Fix: calculate position size from 1-2% risk.

2. No stop loss. Hoping a losing trade will come back. Fix: set a stop loss on every trade when you open it.

3. Moving the stop loss further away. Turning small losses into large ones. Fix: only ever move a stop closer.

4. Revenge trading. Rushing to win back losses. Fix: daily loss limits, and walk away after hitting them.

5. Skipping the demo stage. Learning the platform with real money. Fix: practise for weeks on a demo first.

6. Trading during major news without a plan. Spreads widen and prices jump. Fix: check the economic calendar and avoid entering just before big releases.

7. Following signals blindly. Copying trades from groups without understanding them. Fix: only take trades you can explain yourself.

8. Trusting unregulated "account managers". Handing over money or login details to someone promising returns. Fix: never share your login, and never trust guaranteed returns.

9. Ignoring costs. Overlooking spreads, commissions, swaps and withdrawal fees. Fix: compare total costs when choosing a broker.

10. Trading money you need. Using rent, school fees or business money. Fix: only trade money you can afford to lose completely.

Where to go next

You have completed the beginner course. Sensible next steps: