Common Mistakes When Trading on Binance

1. Lack of research before trading

• Rushing into buying or selling based on rumors without doing your own analysis.

2. Poor risk management

• Going all-in on a single trade and losing big when the market turns.

3. Not setting stop-loss orders

• Hoping the price will recover, only to end up with deeper losses.

4. Using margin or futures without understanding the risks

• High leverage means faster liquidation, especially for beginners.

5. Ignoring trading fees

• Frequent trading can quietly drain your funds due to accumulated fees.

6. Trading with unstable emotions

• Being sad, angry, or overly excited often leads to bad decisions.

7. Trusting random “signal groups” online

• Many just want to charge fees or manipulate prices for their own benefit.

8. Neglecting account security

• No 2FA, weak passwords — easy targets for hackers.

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Advice:

Learn before you trade – Manage your capital wisely – Protect your account – Always control your emotions!