We sat down with Head of Product Development at CMC Markets, Ryan O’Doherty, to get his insight on the five most common mistakes people make when they start stock trading. These include: over-trading and over-leveraging, and not implementing risk management tools, like stop losses.
Ryan also uses the CMC Markets trading platform to show what tools are available to help combat and overcome these potential missteps, featuring both technical and fundamental indicators. Ryan will talk through ways to stick to your trading strategy, and outline his pre-trade checklist, a procedure he advises everyone should be aware of before entering a position.
Whether you prefer technical or fundamental analysis, this should cater for all those looking to enhance their trading process. See the full video below:
Thanks for watching. Be sure to watch the other two videos of this series; The beginner's guide to candlestick patterns and Learning to trade Fibonacci retracements.
Disclaimer Past performance is not a reliable indicator of future results.
CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.
The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.
CMC Markets does not endorse or offer opinion on the trading strategies used by the author. Their trading strategies do not guarantee any return and CMC Markets shall not be held responsible for any loss that you may incur, either directly or indirectly, arising from any investment based on any information contained herein.
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