#TradingMistakes101 One of the most common mistakes among beginner traders is entering a trade without a clear plan or simply by seeing a currency spike suddenly. This behavior is based on emotion rather than analysis, and often leads to losses.
For example, take the currency $DOGE; when it started to rise sharply due to a tweet, many entered the trade at the peak without research, thinking the price would continue to rise. What happened next was a violent correction, where many people lost money.
đĄ Trading is not a game of chance; it is a science that requires capital management, a clear plan, and technical and fundamental analysis.
đ Don't be part of the herd; be a smart trader.