🇪🇬 Many traders, especially newcomers, make repeated mistakes that can cost them their capital.
Here are the most prominent ones and how to avoid them:
❌ Random entry without a trading plan
✅ Solution: Create a clear trading plan for each trade that includes entry points, stop-loss, and take-profit.
❌ Overusing leverage
✅ Solution: Use moderate leverage and focus on risk management before thinking about profits.
❌ Emotional or revenge trading and trying to quickly recover losses.
✅ Solution: Trade according to your strategy, not based on your emotions.
❌ Not using stop-loss
✅ Solution: Place a stop-loss on every trade.
❌ Constantly switching between multiple strategies
✅ Solution: Test one strategy over time and trust it after reviewing your results and correcting your mistakes.