Trading is one of the most important economic activities that requires a lot of study, analysis and strategic thinking. Trading involves buying and selling financial assets such as stocks, commodities, foreign currencies and futures contracts with the aim of making a profit. With the increasing popularity of online trading and the availability of many trading platforms, it has become important to recognize and avoid common trading mistakes. Here are ten common trading mistakes:
1. Relying on emotions and emotional thinking in making trading decisions.
2. Not having a solid trading plan, financial goals, and risk management procedures.
3. Ignoring the importance of technical and fundamental analysis before making a trade.
4. Trading based on the recommendations and advice of others without conducting your own research and self-analysis.
5. Holding losing trades for a long time with the hope of making up the loss in the future.
6. Ignoring clear signs of a change in market trend and continuing to trade against the prevailing trend.
7. Not realizing the importance of risk management and setting target loss and profit limits in advance.
8. Trading large amounts and risking a high percentage of capital in single trades.
9. Rushing into trading decisions without having sufficient information about the assets to be traded.
10. Not learning and developing trading skills and staying informed of market developments.
