Common Trading Mistakes
Avoid Them to Succeed and Reduce Losses!
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1️⃣ Entering Without a Clear Plan
Just entering because "the currency is rising" without knowing the target or exit time = a big risk!
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2️⃣ Trading an Amount You Can't Afford to Lose
Golden advice: Never invest what you can't afford to lose.
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3️⃣ Buying at Peaks Due to Fear of Missing Out (FOMO)
Many lose because they buy after the price has risen too much, then it drops immediately.
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4️⃣ Not Using Stop Loss
Without a stop loss, you might find yourself in a significant loss you can't control.
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5️⃣ Overtrading
Continuous trading without a logical reason leads to losses and mental exhaustion.
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6️⃣ Relying Completely on Others' Recommendations
Don't enter a trade just because someone said so; learn how to analyze for yourself.
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7️⃣ Ignoring Technical Analysis or Risk Management
Analysis and management are more important than the trade itself!
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Golden Advice:
Keep learning, be patient, and consider every loss a lesson.
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