Veonco

  Foreign exchange is a huge market for day traders. The market offers endless scope for forex day traders to earn profits. However, due to certain mistakes, their profits may become narrow. As per the forex broker Veonco , the 3 most common day trading mistakes include trading without the use of stop-loss, adding to a losing trade, and risking the capital that cannot be handled.   1. Trading without the Use of Stop-loss   Having a stop-loss order for all the day trades will be beneficial for you. With stop-loss, the benefit is that if the price of the trade is moving in a contrary manner, then it will get you out of that trade. Thus, you can skip the risks involved in a big way. Also, you will prevent yourself from getting into losses more than what you can manage.   2. Adding to a Day Trade Which You are Losing   When you add more to a day trade that you are losing, then the end results can be disappointing. You may be adding in the hope of seeing a reverse trend, however, th