New traders often make some common mistakes that can hinder their success. One of the biggest mistakes is not having a solid trading plan, which leads to impulsive decisions. Another problem is over-indebtedness, where traders risk more than they can afford to lose. They also tend to ignore risk management, such as: B. Setting stop-loss orders. Emotional trading, driven by fear or greed, is common and leads to hasty decisions. Poor research relying on unreliable sources can lead to poor trading decisions. Lack of patience and lack of adaptation to market conditions also contribute to beginner mistakes. Finally, neglecting continuous learning limits growth.
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