As you all know that trading is very risky. You can only do this when you have proper knowledge and guidance. It is very important for traders how they can manage their losses and stick to their goals.
Some common mistakes that are done by most traders such as not doing proper research, following too many recommendations, and overtrading.
There are seven mistakes that most traders do;
- Some traders don’t set up the threshold loss on their buy/sell.
- Some traders don’t conduct a proper technical analysis before doing any action(buy/sell).
- They don’t follow the trend and don’t know how the graph is going.
- Most traders assume that they earn a profit, and this is also one of the reasons.
- They don’t do market research before placing any order.
- They take action without thinking practically.