Here are some common beginner mistakes in Forex trading: 1. Overleveraging: Using too much leverage can magnify both profits and losses, risking substantial capital. 2. Lack of a Trading Plan: Trading without a clear plan or strategy often leads to impulsive decisions and emotional trading. 3. Ignoring Risk Management: Not using stop-losses or proper position sizing can lead to large, unmanageable losses. 4. Chasing the Market: Entering trades based on emotions or fear of missing out (FOMO) rather than solid analysis. 5. Overtrading: Taking too many trades in a short period, often due to impatience or seeking quick profits. 6. Neglecting to Learn: Relying on tips or blindly following others without understanding the market can result in poor decision-making. 7. Ignoring Fundamentals: Focusing solely on technical indicators and neglecting economic news or events that can affect currency movements. Avoiding these mistakes can help build a more disciplined, informed approach to trading and improve long-term success.#firstdealoftheyearFateema