3 common mistakes often made by new traders:

Overtrading

New traders often open too many positions without thorough analysis, just because of emotions or the desire to make quick profits. This can increase the risk of loss.

No Trading Plan

Entering the market without a clear strategy leads to impulsive decisions. Without a plan, traders can easily panic or become greedy when market conditions change.

Too Confident After Initial Profit

Many beginners immediately increase their lot size or capital after an initial profit. As a result, when the market moves contrary to expectations, losses become significant.

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