The main mistakes of traders in the Qualification Test

Written on 13 December 2022.

More than 1,000 traders tried their hand at the Company's qualification test. And more than 90% of participants are making the same mistakes, and facing disqualification in the very first days. We want to share information about the main mistakes that traders make.

1. Trade with market orders.
The rules clearly state that only pending orders are allowed for trading. This rule was introduced in order to single out traders who clearly plan their strategy and determine market entries in advance and are not subject to emotional impact.

2. Installing Stop Loss.
Setting a limit on possible losses in one transaction allows you to predict the maximum possible loss and prevent a complete loss of capital in case of unforeseen situations on the market.

3. Maximum drawdown per day.
You can not lose more than 4% in one day. This rule allows you to limit the possible loss of funds in a volatile market, loss of self-control and other events. A losing day is not a loss, it is a normal event in the life of any trader.

The company wants to entrust its capital to traders who strictly follow the rules. Don't forget that discipline is the main success factor.