CFDs are leveraged. Most retail traders lose money, and you can lose more than you deposit.

Lesson 7 · 6 min

Trading psychology

Most account blow-ups are behaviour, not analysis.

Common traps

Revenge trading after a loss, moving a stop further away, adding to losers, and over-trading out of boredom.

Write down when you'll enter, where the stop goes, how much you risk and when you stop for the day. Follow it on small size first.

Record each trade with the reason, the result and how you felt. Patterns show up within weeks. The trading journal keeps it on your device.

A demo teaches the platform. It doesn't teach how losing real money feels. Move to small real size before you scale.

1. Which is a classic trap? Using a stop-loss Moving your stop further away to avoid a loss Keeping a journal

2. What does a demo account NOT teach well? How the platform works How real losses feel Order types

3. Best time to write your trading rules? Before you trade After a loss When a trade is open

Education only, not advice. CFDs are leveraged and most retail traders lose money.