One of the biggest mistakes beginners make in trading is letting emotions drive their decisions. It's easy to get caught up in the fear of missing out (FOMO) or the excitement of quick profits, but that often leads to impulsive decisions like overtrading, chasing losses, or entering positions without proper analysis. Another common mistake is not having a clear risk management plan. Beginners often neglect to set stop-loss orders or risk too much on a single trade, which can lead to significant losses. Successful trading requires discipline, patience, and a clear strategy, which are things that come with experience and learning from past mistakes.
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