Three common trading mistakes to avoid:
1. *Over-Leveraging*: Using excessive leverage can amplify losses as well as gains. It's essential to manage risk and use leverage wisely.
2. *Emotional Trading*: Making trading decisions based on emotions, such as fear or greed, can lead to impulsive and costly mistakes. Sticking to a well-thought-out trading plan can help mitigate this.
3. *Lack of Risk Management*: Failing to set proper stop-losses, position sizing, and risk-reward ratios can expose traders to significant potential losses. Implementing effective risk management strategies is crucial for long-term trading success.
