#TradingStrategyMistakes A good trading strategy involves careful planning, risk management, and discipline. Start by analyzing market trends using technical and fundamental analysis to identify potential entry and exit points. Set clear goals and stick to them, avoiding emotional decisions. Use stop-loss and take-profit orders to manage risk and protect profits. Diversify your portfolio to reduce exposure to any single asset. Maintain a favorable risk-to-reward ratio, typically aiming for at least 1:2. Regularly review and adjust your strategy based on performance and changing market conditions. Stay updated on news and global events that might affect prices. Consistency and patience are key to success.