DESCRIPTION: Are you a beginner who wants to try trading in any market? You might be afraid of doing mistakes while you trade and lose your funds, right?
RESOLUTION STEPS: Here, we would like to share with you the common mistakes to avoid while trading:
- Trading without a plan
- Emotional trading. Don’t trade when you’re prone to bad judgment.
- Speculating markets without prior research
- Not using a stop-loss order
- Unable to accept losses. Never trade using borrowed money or money you can’t afford to lose.
- Opening positions with an unreasonable lot size
- Excessive focus on market news
- Changing trading strategies repeatedly
- Starting without practicing on your demo account
NOTES:
We recommend you refer to the link for the ebook related to trading that might be useful for your reference