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The mistakes that make 90% of traders lose money
1. Chasing and following the rise
2. Entering into expired trades
3. Entering trades with high leverage
4. Lack of patience and fear of loss; just as the trade starts to reverse, panic sets in and you close at a loss
5. Opening too many trades when capital is not sufficient to cover the margin (leverage)
6. Not setting a daily strategy, for example, opening no more than 5 trades and sticking to it while waiting for results within 24 hours
7. When profitable in a particular trade and reaching 30% profit, secure 10% of the profits in case of a market reversal while keeping the trade open
8. When the trade is profitable, do not close it immediately; instead, activate a trailing stop loss and set a specific percentage for decline, at which point the system will close the trade automatically
9. Do not follow anyone in a trending currency because their trades are nearing completion
Words that summarize a long experience and hard work with difficult losses, so do not hesitate to follow and engage to encourage us to share more profitable signals.