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WHY PEOPLE MAKE THIS MISTAKE WHILE TRADING THE BINANCE FUTURES MARKET?
1. _Lack of understanding_: Not grasping futures contracts, leverage, and margin requirements.
2. Insufficient capital_: Trading with inadequate funds, leading to margin calls and losses.
3. Poor risk management_: Failing to set stop-loss orders, over-leveraging, or not diversifying.
4. Over trading_: Excessive buying and selling, resulting in increased commissions and slippage.
5. Emotional trading_: Making impulsive decisions based on emotions, rather than a well-thought-out strategy.
6. _Failing to adapt_: Not adjusting strategies in response to changing market conditions.
7. _Not monitoring positions_: Failing to regularly review and adjust open positions.
8. _Lack of discipline_: Not sticking to a trading plan or strategy.
9. _Overreliance on technical analysis_: Ignoring fundamental analysis and market context.
10. _Not staying informed_: Failing to stay up-to-date with market news, trends, and economic indicators.
11. _Trying against trends_: Fighting market momentum, rather than riding the trend.
12. Not using proper position sizing_: Allocating too much capital to a single trade.
13. _Failing to hedge_: Not managing risk through hedging strategies.
14. Not learning from mistakes_: Failing to analyze and adjust strategies after losses.
Remember, future trading carries inherent risks. Educate yourself, stay informed, and trade responsibly!#FutureOfTrading PS : If you find this information helpful and educative follow @Gernal Abdullah 002 for more information on trading the futures market
WLD/USDT is in the buying zone at this time, but still, many short trades are open, that's why I'm not taking the risk. If it comes down more than we think, then we'll consider buying. Let's see what happens. Patience is the key to success ✅" #WLD🔥🔥🔥 #gernalabdullah002 @Gernal Abdullah 002
Does anyone know about this candle, what is going to happen in the market after this candle stick is finished. If anyone doesn't know about it, let me know in the comments so I can tell you guys later.