Trader should be able to recognize, mistakes made and learn from them. Often, errors occur when deviating from your own trading plan.
First mistake mainly in the trading method, more precisely in small time for testing. To find the best strategy for you will help open statistics, which can be found in Internet, and better keeping your own statistics. Create a trader's diary with a simple table with token columns, date, bought sold, profit%. Therefore, many traders keep "diary of trader" in telegram channels.
Data that you will receive over a certain period (depending on choosen trading method) will help you analyze transactions and choose the right method. As an example, if you are going to trade only in long-term, then you need to choose a currency with good fundamental news for future, and also technical analysis on large time frames will do. For example is superficial, because the choice of trading style depends on many factors. The essence of solution of the problem remains in the experience obtained when choosing a variation of trading method, namely in analysis of his own work.
Next common mistake is related to deposit management. Rather, it refers to improper risk and money management or non-compliance. After a series of successful transactions, there is a desire to increase leverage or percentage of entry into the transaction, which leads to a deplorable situation and destroys money earned earlier.
This can also include an erroneous stop loss for position. A too short or too long stop is what trader most often encounters, because sometimes there is an excellent entry into the trade, but, closest level (to main past price high or low) is far away. In this case, ratio of risk and profit will help, and combination of these two instruments is better: a strong level together with risk / profit.
Conclusion I would like to draw your attention to psychology of trading and control of emotions, described in a post earlier.
Hopefully, this post will help at least a little to avoid making such trivial at first glance mistakes.
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Thank you for reading!
Good Luck!