#TradingMistakes101

Using excessive leverage is a dangerous mistake that increases both profits and losses. Using high leverage to boost profits may feel tempting, but it significantly increases risk. A small market movement against you can wipe out your account. To avoid this, use leverage sparingly and combine it with your risk management strategy. Never risk more than you can afford to lose. Focus on achieving stable, consistent profits rather than chasing big wins. By keeping leverage low, you protect your capital and maintain control over your trades, ensuring you remain in the market for the long haul without facing catastrophic losses.