Guide: The 5 Most Common Mistakes Beginners Make in Trading and How to Avoid Them🛡

Each of us, when starting our trading journey, inevitably encounters mistakes. Today I will tell you about 5 of the most common ones and tell you how to avoid them.

1️⃣ Greed and lack of a plan

Often a beginner trader sets a goal of "earning everything at once". The result is hasty transactions and depletion of deposits.

• Solution

Create a clear trading plan with entry level, stop loss and take profit. Keep at it, even if your emotions scream "let's take a risk".

2️⃣ Ignoring risk management

Often beginners bet on a single trade with an amount larger than they can afford to lose. Remember the basics: - The risk rate for each transaction should not exceed 1-2% of the deposit. This will save capital and nerves.

3️⃣ Pursuit of quick money

Margin trading and speculation seem like an easy way to get rich, but without experience it is a sure way to lose money. Understand the basics first

4️⃣ Lack of training

Many people think that just “buy and wait” is enough. As a result, money goes negative.

• Solution

Learn regularly: read books, take courses, analyze your trades.

Conclusion:

Mistakes are part of the journey, but the most important thing is to learn from them. Remember: Successful trading requires discipline, knowledge, and patience.Your success depends only on you!