In Binance, the label "Mistakes101" is part of an educational initiative designed to help traders identify, understand, and avoid common mistakes in the world of cryptocurrency trading. This series, presented on Binance Square and other official channels, compiles the most frequent errors made by both beginners and more experienced users. Some of the highlighted mistakes include trading without a clear plan, succumbing to emotions like fear or greed, not applying adequate risk management (such as neglecting to use stop-loss), and entering trades due to social pressure or FOMO (fear of missing out).
The purpose of "Mistakes101" is not only to show what mistakes to avoid but also to promote a mindset of continuous learning, reminding that each mistake offers a valuable lesson. Binance aims with this series for its users to develop discipline, market awareness, and sustainable strategies that allow them to trade with greater security and confidence.
