Trading is a high-performance activity and like all high-performance pursuits, our state of mind impacts how we feel about our trading and the decisions that we make. Many beginner traders will overlook trading psychology and see it unnecessary. However, trading psychology is extremely important.

In this video, Giles Coghlan, Chief Currency Analyst at HYCM, will discuss 3 of the most common trading pitfalls, how you can identify them, and offer some potential solutions to deal with them if you are experiencing them.

HYCM Lab is a financial analysis source that provides regular insights on how global news affects the markets including forex, commodities, stocks, indices, and cryptocurrencies*. Run by the HYCM team, it equips traders with everything needed to make informed trading decisions.