Trading in financial markets can be profitable, but it is fraught with risks, especially if the trader falls into common mistakes that lead to significant losses. Among these mistakes:

1. Lack of a trading plan: Many traders enter trades without a clear strategy, exposing themselves to uncalculated losses. Having a plan that defines entry and exit points and capital management is essential for success.

2. Emotional trading: Making decisions under the influence of fear or greed leads to losing trades. One must stick to analysis and not rush based on emotions.

3. Overleveraging: Using high leverage increases potential profits, but it also multiplies losses. It is preferable to use appropriate leverage to avoid quickly losing capital.

4. Neglecting stop loss: Some traders ignore placing stop loss orders, exposing themselves to unlimited losses if the market moves against them.

5. Not keeping up with news and economic events: Political or economic changes affect the markets, so it is crucial to follow the economic calendar to make informed decisions.

6. Revenge trading: After losing a trade, some traders try to quickly recover their losses by increasing the size of trades, which can exacerbate losses.