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The common mistake that beginner traders often make in the Forex market is choosing Lot sizes based on guesswork or randomness. Some people constantly trade 0.01 Lot out of fear, while others trade 1.0 Lot because of dreams. In reality, Lot is a unit of contract size, which determines the fate of your portfolio more than the entry point. Regardless of the (Entry Point), this article will explain how Lot sizes play a role in trading.

When beginners start entering the world of forex trading, technical analysis is a crucial component that will help them succeed. Among these, the flag pattern is considered an effective tool and suitable for those just starting out because it provides clear signals and tangible profit opportunities.
Flag Pattern

For beginner Forex traders, the most serious mistake is not choosing the entry point but selecting the Lot size without thinking ahead. Some people fear risk and therefore trade 0.01 Lot all the time. Others are greedy and press 1.0 Lot hoping to get rich quickly. And what is the result? Their portfolios almost always blow up. Today, we will understand what a lot really is and why it is so important.

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