#TradingMistakes101 One of the most common mistakes among beginner traders is entering a trade without a clear plan or simply by seeing a currency suddenly rise. This behavior is based on emotion rather than analysis, and often leads to losses.

For example, when the currency $DOGE started to rise sharply because of a tweet, many entered the trade at the top without research, thinking that the price would continue to rise. What happened next was a violent correction, where many people lost money.