🔥 "Trading is prohibited before reading this post!"
🚫 5 reasons that destroy beginner traders (and how to avoid them)
1️⃣ "Rushing for quick profit"
- Mistake: Entering random trades because you "fear missing out on profit"
- Solution: Wait for confirmation of the trend (candles closing above/below critical levels)
2️⃣ "Neglecting Stop-Loss"
- Mistake: "The market will turn in my favor!" (then you lose 50% of your capital)
- Solution: Set a Stop-Loss at 1-2% of your capital (mandatory!)
3️⃣ "Trading with emotions"
- Mistake: Buying because the currency is "cheap" or selling out of "fear"
- Solution: Use a written plan before entering any trade
4️⃣ "Following rumors"
- Mistake: Buying a currency because a "famous person" said it will rise
- Solution: Rely only on technical and fundamental analysis
5️⃣ "Risking all capital"
- Mistake: Putting all your money into one trade
- Solution: Risk only 1% of your capital in a single trade
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💡 Survival plan (start today):
1. Read a book on technical analysis (like "Trading in the Zone")
2. Try paper trading for a month
3. Start with a small capital (100-500$)
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#Safe_Trading #Risk_Management #Golden_Tips
🌱 Remember:
"A professional trader is not one who earns more... but one who loses less!"