The biggest mistake beginners make

First: Never buy a currency when it is rising, no matter what the temptations are.

And do not buy the currency when it is falling and think it has reached the bottom, as it may drop even more.... Except in two cases only:

The first: If you see a rebound of the index upwards and the rise continues longer, then buy and monitor the rise until you reach a small profit, for example, one dollar. Here, set a stop-loss and a profit limit with a reasonable expected profit equal to the previous indicators, and avoid greed.

If you are greedy for more, set a stop-loss and let it rise.

And keep raising the stop-loss as it rises.

The second: If you see the index has reached the bottom, go back to the previous index of the currency and check how many times in the past month the index has reached the bottom, and whether the current bottom is the lowest. Know that the index is likely to rebound and rise. In addition, watch the three indicators: orange and purple. If you see them starting to curve upwards, especially if the orange is above the purple, it indicates a rise.

Wait a little to see the upward rebound. Wait and watch the rebound rise, then rise. Here, enter and buy the currency.

The image shows a grave mistake that beginners make if they see a drop in the currency and they have not activated a stop-loss; they immediately sell, which is wrong. The correct approach is not to sell until you profit. Wait and let the index rebound and rise.