#TradingStrategyMistakes Many beginner traders find that the basics are easy and irrelevant and try to jump straight to the "advanced" material. This can be a critical mistake. Just as you cannot get into a Formula 1 car as soon as you get your driver's license, or deal with trigonometry without mastering basic arithmetic, you will not become a successful trader without understanding the basic details of the business. The basics are crucial and you really need to understand them before attempting more complex trades. A good example of this would be the central concept of support/resistance, its relationship with price action, and its ramifications in a trading position.