Range trading can be associated with risks like any trading approach. Here are some typical pitfalls and tips to avoid them:

Incorrect range identification: It is important to correctly interpret the range. Pay attention to ensure that the range exhibits significant highs and lows, and does not only represent short-term fluctuations.

Lack of confirmation: Do not rely solely on a range. Use additional indicators and analysis tools to confirm the direction of the trend.

Entering too early or too late: Wait for clear buy or sell signals before entering a position. Patience and discipline are crucial in range trading. Risk management: Set stop-losses to limit losses. Also identify possible profit targets to realize profits in a timely manner.

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