These are some common mistakes that many traders make:
1. Using High Leverage
This is a major mistake, especially when you have low capital. Many traders use high leverage, which often leads to losses. It's better to use leverage between 30x to 40x, as it helps manage risk better and also improves your experience over time.
2. Entering a Trade Without Confirmation
Never enter a trade without getting proper confirmations. Wait for at least 2 or 3 confirmations before entering — this will make your trade much safer. For example:
Engulfing candle
Support and resistance level
Breakout, etc.
3. Trading Without a Strategy or Analysis
Trading without any proper strategy or analysis is another big mistake that beginners often make. When they lose money, they say trading is like gambling. First learn the skill, then step into trading.
And if you want to learn trading, follow me — I’ll teach you everything about trading.
Thanks!$BTC #TrumpVsPowell
