#MyStrategyEvolution Common mistakes in trading that beginner traders should avoid include:
Lack of a clear trading plan: Many beginners start trading without a strategy, leading to impulsive decisions and emotional losses. It is important to develop a detailed trading plan with criteria for entry and exit, risk management, and trading goals.
Ignoring risk management: Risks need to be controlled, for example, by setting stop losses and not risking a large portion of capital on a single trade. Failure to adhere to risk management rules can quickly lead to significant losses.