common mistakes

[eleanorkim]

Many new traders fall into the trap of overleveraging, which can lead to major losses if the market moves against them. Without a clear plan, they tend to make impulsive decisions, often based on emotions like fear or greed. To avoid these pitfalls, it's essential to start with a solid risk management strategy, practice patience, and stick to a plan rather than acting on impulse. This helps keep things more controlled and less driven by emotion.

 

[Fin_Trader]

Leverage increases your potential profit, but it can also increase losses. Thus, an unfavorable market movement can lead to the loss of your entire capital. If the account is very small, but you need to increase it, then naturally a large leverage is necessary. But if you already have a large deposit, then it is best to trade with a leverage of up to 50.