Stop loss should be used right 10 to 15 pips away from the buying position. Traders mostly skip using stop losses in their trading, which leads them to fail ultimately from the market.
Newbie traders prefer buying paid courses at their first attempt but I am not in favor of this decision because easy internet availability has made it easier for us to strengthen our basics.
Yes, you can trade crypto if you have better ideas about trading crypto. If you think you are not able to learn, then you should skip trading before starting.
Forex is a money market but don’t think it won’t only generate money for you but the scenario can be different too. And it happens in majority of the cases.
Generally common mistakes are over-trading, revenge-trading, taking entries on the wrong direction, mistakenly using big lot size in trading. Without recovering these common mistakes, advancement in forex is nearly impossible.
Indeed, we are sunk in all common mistakes that make us the ultimate sufferer in the market. Personally, I am suffering from over-trading and now trading phobia is shrouding me from all around.
You can’t be devoid of committing mistakes always because forex market offers different situations over time. So, try to get rid of your mistakes as much as possible for your betterment.