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Trading Stocks & Forex for Beginners: Common Mistakes Every Trader Makes
“Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.” - Warren Buffett
According to one academic study, 4 out of 5 active traders lost money and only 1 in 100 could be described as "predictably profitable."
According to the AMF, France’s financial market regulator, 89 per cent of French clients lost money trading Forex and CFD between 2009 and 2012.
Each day new traders and investors, full of enthusiasm and hope, begin their quest for (big) profits. Unfortunately, for most of them the ride turns out to be a nightmare, and they end up losing (a lot of) money.
Trading is hard. You need to be fully aware of all the risks that arise from trading. You need to understand the unwritten rules of the financial markets. You need to accept you are on your own in a combat with other individual traders and investors, investments funds, hedge funds, banks and other market participants. You need to accept that one of the financial markets’ rule is “Eat or be eaten.”
This is why the book can help you
In less than 3 hours, this easy to read and understand book for beginners will teach you how to avoid the most common pitfalls of trading and how you can avoid losing your money.
This book will not teach you a specific trading methodology. The goal is to help you understand the most important mistakes that can make you fail.
What are some of the readers saying about the book?
“This book will save you good money because in the beginning you will do silly mistakes which can be avoided if you understand the basics written in this book.”
“Good advice using easy to understand examples aimed at keeping inexperienced traders/investors out of trouble.”
“This book should be the very first resource for a beginner thinking about getting into trading.”
About the Author
Andrei has been trading since 2005 stocks, contracts for difference (CFDs) on currencies (Forex), indices, and commodities. During the years he experienced both very good and very bad times. He knows how it feels to win $1,000 in two to three days; he knows how it feels to lose $1,000 in a single day.
* (study conducted in Taiwan by Brad M. Barber, a finance professor at the University of California, Davis)
According to one academic study, 4 out of 5 active traders lost money and only 1 in 100 could be described as "predictably profitable."
According to the AMF, France’s financial market regulator, 89 per cent of French clients lost money trading Forex and CFD between 2009 and 2012.
Each day new traders and investors, full of enthusiasm and hope, begin their quest for (big) profits. Unfortunately, for most of them the ride turns out to be a nightmare, and they end up losing (a lot of) money.
Trading is hard. You need to be fully aware of all the risks that arise from trading. You need to understand the unwritten rules of the financial markets. You need to accept you are on your own in a combat with other individual traders and investors, investments funds, hedge funds, banks and other market participants. You need to accept that one of the financial markets’ rule is “Eat or be eaten.”
This is why the book can help you
In less than 3 hours, this easy to read and understand book for beginners will teach you how to avoid the most common pitfalls of trading and how you can avoid losing your money.
This book will not teach you a specific trading methodology. The goal is to help you understand the most important mistakes that can make you fail.
What are some of the readers saying about the book?
“This book will save you good money because in the beginning you will do silly mistakes which can be avoided if you understand the basics written in this book.”
“Good advice using easy to understand examples aimed at keeping inexperienced traders/investors out of trouble.”
“This book should be the very first resource for a beginner thinking about getting into trading.”
About the Author
Andrei has been trading since 2005 stocks, contracts for difference (CFDs) on currencies (Forex), indices, and commodities. During the years he experienced both very good and very bad times. He knows how it feels to win $1,000 in two to three days; he knows how it feels to lose $1,000 in a single day.
* (study conducted in Taiwan by Brad M. Barber, a finance professor at the University of California, Davis)
141 pages, Kindle Edition
Published August 18, 2016
75 people are currently reading
48 people want to read
About the author
Andrei Puscaragiu
1 book4 followersAndrei Puscaragiu has been trading since 2005. He has a background in finance. He is not a full-time trader. Over the years, he had several jobs in the financial trading industry: he worked as a stock broker, sales/business developer, and marketer.
He is an individual trader, trying to obtain positive returns on his trades, like many other traders out there. Andrei has been trading mainly stocks. He also has experience in trading on margin futures contracts and CFDs on currencies (forex), indices, and commodities. He uses both fundamental and technical analysis in combination with risk management and investment psychology.
During the years he experienced both very good and very bad times. He knows how it feels to win $1,000 in two to three days; he knows how it feels to lose $1,000 in a single day.
The 2007–2009 financial crisis hit him pretty hard and left him with some scars. This is why Andrei became more risk averse and more cautious.
Beside trading and investing, Andrei is also interested in marketing and personal development.
He is an individual trader, trying to obtain positive returns on his trades, like many other traders out there. Andrei has been trading mainly stocks. He also has experience in trading on margin futures contracts and CFDs on currencies (forex), indices, and commodities. He uses both fundamental and technical analysis in combination with risk management and investment psychology.
During the years he experienced both very good and very bad times. He knows how it feels to win $1,000 in two to three days; he knows how it feels to lose $1,000 in a single day.
The 2007–2009 financial crisis hit him pretty hard and left him with some scars. This is why Andrei became more risk averse and more cautious.
Beside trading and investing, Andrei is also interested in marketing and personal development.
Ratings & Reviews
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Displaying 1 - 4 of 4 reviews
December 12, 2016
Wonderful
I love how you go into what fear and greed looks like. This is so critical as I never thought too deeply about it before. As I start my trading journey this will be a valuable tool to keeping myself calm and rational.
I love how you go into what fear and greed looks like. This is so critical as I never thought too deeply about it before. As I start my trading journey this will be a valuable tool to keeping myself calm and rational.
February 7, 2021
Byte sized decent advice
Good advice in general byte size. True though not easy to implement. Touches the surface of most related subjects in trading
Good advice in general byte size. True though not easy to implement. Touches the surface of most related subjects in trading
March 6, 2019
Recommended book for traders how lost hope in finding the way to self discipline in financial markets trading. it will help you get back to the right track
1. easy to read and easy words i love this way.
2. informative for the subject.
...good luck for all traders...
1. easy to read and easy words i love this way.
2. informative for the subject.
...good luck for all traders...
This entire review has been hidden because of spoilers.
April 1, 2017
Excellent for beginners
This book should be the very first resource for a beginner thinking about getting into trading. It's written well, great flow, easy to understand and can help a beginner set a realistic mindset and manage expectations. It's excellent in teaching trading psychology which should be any beginners first step. However, the content here is not enough to learn the second step, which is actually gaining trading knowledge (how to read markets, technical jargon, finance/investment strategies). You need a more advanced text for that. And there is nothing in depth here about stocks vs forex vs other investment vehicles. I wish this author would write that second step book because he is very skilled when it comes to detailed explanations. I like his style of writing. Must read for any beginner, and may be a good refresher for a more experienced (and stressed out) trader who needs to reset.
This book should be the very first resource for a beginner thinking about getting into trading. It's written well, great flow, easy to understand and can help a beginner set a realistic mindset and manage expectations. It's excellent in teaching trading psychology which should be any beginners first step. However, the content here is not enough to learn the second step, which is actually gaining trading knowledge (how to read markets, technical jargon, finance/investment strategies). You need a more advanced text for that. And there is nothing in depth here about stocks vs forex vs other investment vehicles. I wish this author would write that second step book because he is very skilled when it comes to detailed explanations. I like his style of writing. Must read for any beginner, and may be a good refresher for a more experienced (and stressed out) trader who needs to reset.
Displaying 1 - 4 of 4 reviews