# Common Mistakes To Avoid While Trading
**URL:** https://community.deriv.com/t/common-mistakes-to-avoid-while-trading/39131
**Category:** Accounts
**Tags:** trading, account, demoaccount
**Created:** [November 9, 2022, 8:34am UTC](https://community.deriv.com/t/common-mistakes-to-avoid-while-trading/39131 "2022-11-09T08:34:11Z")
**Posts on this page:** 4
**Page:** 1
### Author:  [@Farahin\_derivadmin](https://community.deriv.com/u/Farahin_derivadmin)
#### Post date: [November 9, 2022, 8:34am UTC](https://community.deriv.com/t/common-mistakes-to-avoid-while-trading/39131/1 "2022-11-09T08:34:11Z")
Hello Deriv Community members,
Are you a beginner who wants to try trading in any market? You might be afraid of doing mistakes while you trade and lose your funds, right?
Here, we would like to share with you the common mistakes to avoid while trading:
- Trading without a plan
- Emotional trading. Don’t trade when you’re prone to bad judgment.
- Speculating markets without prior research
- Not using a stop-loss order
- Unable to accept losses. Never trade using borrowed money or money you can’t afford to lose.
- Opening positions with an unreasonable lot size
- Excessive focus on market news
- Changing trading strategies repeatedly
We recommend you refer to the below link for the ebook related to trading that might be useful for your reference
> [@Download free trading ebooks by Deriv](https://community.deriv.com/t/ebook-for-download/33625):
>
> Dear members of the community, Your search for a free trading ebook ends today. Our digital book gives you definitions such as the who, why, what, when and etc of trading. The author, Vince Stanzione wrote this valuable and informative yet simple-to-understand ebook for traders’ benefit. These books are intended for educational information only and should not be treated as advice or a recommendation to trade nor used as a sole trading guide. Here is the downloadable link for your perusal. Th…
If you have any questions, please visit our Help Centre or contact us via Live Chat and WhatsApp.
> **[Help Centre | Frequently Asked Questions | Deriv](https://deriv.com/help-centre)**
>
> Have questions on your trading account, how our trading platforms work or about trading? Read our FAQ’s or contact us through Deriv live chat.
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### Author:  [@Farahin\_derivadmin](https://community.deriv.com/u/Farahin_derivadmin)
#### Post date: [November 10, 2022, 6:38am UTC](https://community.deriv.com/t/common-mistakes-to-avoid-while-trading/39131/2 "2022-11-10T06:38:27Z")
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### Author:  [@aphasia-aeolian-2](https://community.deriv.com/u/aphasia-aeolian-2)
#### Post date: [November 23, 2022, 3:38pm UTC](https://community.deriv.com/t/common-mistakes-to-avoid-while-trading/39131/3 "2022-11-23T15:38:02Z")
Nao consegui trocar de moeda
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### Author:  [@Farahin\_derivadmin](https://community.deriv.com/u/Farahin_derivadmin)
#### Post date: [November 30, 2022, 10:49am UTC](https://community.deriv.com/t/common-mistakes-to-avoid-while-trading/39131/4 "2022-11-30T10:49:28Z")
> [@aphasia-aeolian-2](#):
>
> Nao consegui trocar de moeda
Olá, @aphasia-aeolian-2. Obrigado por se juntar à comunidade! Lamentamos observar isso. Por favor, entre em contato conosco via LiveChat, para melhor assistência e proteção dos dados da sua conta. Trabalharemos com você para resolver quaisquer problemas o mais rápido possível.
> **[Online trading with Deriv | Simple. Flexible. Reliable.](https://deriv.com/contact_us/?_ga=2.106390916.642037255.1658038153-229419718.1657601894)**
>
> Trading platforms designed with you in mind.