🔥 "Trading is prohibited before reading this post!"
🚫 5 reasons that destroy beginner traders (and how to avoid them)
1️⃣ "Rushing for quick profit" - Mistake: Entering random trades because you "fear missing out on profit" - Solution: Wait for confirmation of the trend (candles closing above/below critical levels)
2️⃣ "Neglecting Stop-Loss" - Mistake: "The market will turn in my favor!" (then you lose 50% of your capital) - Solution: Set a Stop-Loss at 1-2% of your capital (mandatory!)
3️⃣ "Trading with emotions" - Mistake: Buying because the currency is "cheap" or selling out of "fear" - Solution: Use a written plan before entering any trade 4️⃣ "Following rumors" - Mistake: Buying a currency because a "famous person" said it will rise - Solution: Rely only on technical and fundamental analysis
5️⃣ "Risking all capital" - Mistake: Putting all your money into one trade - Solution: Risk only 1% of your capital in a single trade
---
💡 Survival plan (start today): 1. Read a book on technical analysis (like "Trading in the Zone") 2. Try paper trading for a month 3. Start with a small capital (100-500$)
---
#Safe_Trading #Risk_Management #Golden_Tips
🌱 Remember: "A professional trader is not one who earns more... but one who loses less!"
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.