Common Trading Mistakes and What to Do to Avoid Them!! 🚨

❌ Common Mistakes:

1- Trading without a plan.

2- Focusing on a single asset.

3- Making emotional decisions.

4- Ignoring the record.

5- Relying on an unknown platform.

✔️ What to Do to Avoid Them:

1- Create a plan that includes risk management and set clear goals.

2- Evaluate your portfolio and distribute risks.

3- Stick to your plan as the basis for decision-making.

4- Document every trade for later performance analysis.

5- Check licensing and reviews before trading.

📝 The Following Recommendations:

1- Develop a professional trading plan that includes capital management and loss limits.

2- Diversify your portfolio to reduce the impact of fluctuations in a single asset.

3- Use a demo account first before trading with real money.

4- Always look for licensed platforms, and compare prices across different platforms.

5- Keep a journal for each trade to learn from mistakes and replicate success.