#TradingStrategyMistakes

Eight Common Trading Mistakes

Do you know that 80% of day traders quit within the first two months? That’s a shocking statistic and part of some common trading mistakes.

But what are the mistakes that lead to a shocking figure like this?

1. Trading with emotions

2. Not having a trading plan

3. No risk management

4. Letting losers run

5. Not identifying your trading style

6. Trading multiple markets

7. Starting on a live account

8. Not learning

Final thoughts

Trading can be a daunting task, especially when you are a beginner. However, following simple steps can avoid common mistakes and have more winners than losers.

Choosing a platform essential when avoiding all the common mistakes I mentioned. Why? If you are trading with a reputable platform, you can get in on your trades with proper risk management, learn along the way, andn’t get high trading fees.

Fortunately, Binance provides all these features so you can stay ahead of the curve.