If you are new to trading, the market can feel exciting and overwhelming at the same time. But many beginners fall into the same traps that quietly drain their accounts. Here are five common mistakes and how to fix them.
Overleveraging
High leverage can wipe you out in a single wrong move. Keep it low and focus on consistent growth.
Copying Trades Blindly
Following others without understanding the reason is risky. Always do your own analysis.
Ignoring Risk-Reward
If your potential loss is bigger than your potential gain, the trade is not worth it.
Trading Without a Plan
A clear entry, exit, and stop-loss are non-negotiable. Guesswork is expensive.
Overtrading
More trades don’t mean more profit. Quality setups matter more than quantity.
Trading is a skill, and like any skill, it takes patience, discipline, and practice. Avoiding these mistakes is the first step to lasting success.
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Disclaimer: This is for educational purposes only. Not financial advice.