The most successful novice traders are those that are willing to learn and can follow a plan. They park their egos to one side and accept that it’ll take time to become familiar with this new industry.
If you fail to plan - you plan to fail. Avoiding the most common mistakes will help you make a successful debut in the industry. Developing a trading plan is essential. If you were starting a new business venture, you’d put together a business plan, the same is the case for trading, you need to put a plan together before you start.