Seun Forex Blog

The 5 Biggest Mistakes I Made in My Forex Journey

(And What They Taught Me)

“If you don’t learn from your wounds, you’ll bleed into the next trade.”
— Every trader who’s ever blown an account

When I began my journey into forex, I wasn’t walking in with a strategy — I was diving headfirst with emotion. Excitement. Hype. Fear. Hope.

Like many new traders, I wasn’t prepared. I thought it was all about finding the right broker, the right pair, the right day. But what I didn’t realize is: the market doesn’t care who you are until you’ve earned your discipline.

And I didn’t have any.

Today, after surviving multiple blown accounts and years of emotional damage, I’ve come to embrace a truth: The market didn’t break me. My mistakes did.

So here they are — raw, honest, and unfiltered — the five mistakes that nearly ended my trading journey... and what each of them taught me.

1. I Traded Without a Plan — Just Vibes and Prayers

In the beginning, I traded whatever looked “nice.” No journal. No structure. No strategy.

I followed YouTube signals. I chased the news. I believed vibes were vision.

📉 Result? I blew three accounts in six months.
🧠 What I learned: A setup without a system is suicide.

Rule #1: Never enter a trade you can’t explain.

Trading without a plan is like building a house without a foundation. It’ll collapse — and you’ll pay for the mess.

2. I Risked Too Much — And Got Burned Every Time

I once placed a trade with 25% of my account. Why? Because I “felt it.”

That one trade went against me by 30 pips — and just like that, half my capital disappeared.

💥 What I learned: Confidence is not a risk management plan.
📊 New rule: I never risk more than 1% per trade now.

Rule #2: If one loss can destroy your account, your position size is too big.

Consistency doesn’t come from big wins — it comes from small losses and controlled exposure.

3. I Ignored Psychology — And Got Played by My Emotions

I knew the strategy. I knew the candles. I even knew the risk-reward.

But I didn’t know me.

I hesitated. I overtraded. I took revenge trades after losses. I felt unstoppable after wins.

😓 Result? Trading became an emotional rollercoaster.
🧘 What I learned: The biggest battle is inside you.

Rule #3: If you can’t control your emotions, you can’t control your account.

Your psychology is either your weapon… or your weakness. Master it.

4. I Switched Strategies Like Changing Clothes

One week I was using price action.
Next week, I was backtesting indicators.
Then I bought another signal course, hoping it was “the one.”

🔄 Result? I made progress in circles — but never forward.
⏳ What I learned: Depth beats variety. Mastery > novelty.

Rule #4: One strategy, one year, one trader — that’s how you grow.

Don’t just flirt with systems. Marry one.

5. I Traded to Impress, Not to Grow

This one hurt the most.

I wanted screenshots. I wanted claps. I wanted people to say, “Wow, he’s making it.”

I didn’t want truth. I wanted attention.

💀 Result? My ego traded for me — and my account paid the price.
🙏 What I learned: The market rewards humility, not hype.

Rule #5: Trade for growth, not for Instagram.

Your journey is not a performance. It’s a transformation. Keep it real.

💬 Final Thoughts: Growth Comes From Pain

I’ve made every mistake in this list more than once.
But each one became a stepping stone when I stopped blaming the market — and started looking inward.

“Every blown account taught me more than every winning streak.”

And if you’re here, reading this? You’re already ahead of where I was.

Don’t just survive your mistakes. Learn from them.
Don’t just chase profits. Build process.
And don’t just dream of trading success — design it.

📲 Want More?

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📖 Also Read:
👉 Trading Without a Plan — Common Mistakes

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