As with any other task, there are a few things which can go wrong when trading in stocks, and which should be avoided at all costs. The most important one of these would be to avoid trading with real funds until you are fully prepared for it. This is why beginners should consider first engaging in trading simulators or more so, paper trading, wherein they are able to trade with fake money. The benefit from this is that even though they are not risking any real capital, they can practice with different strategies, and risk management, and try to manage their emotions at the same time. People should understand that when they are trading on paper or paper trading, they must view it like they are actually using real money and therefore every single trade has to be placed and documented, all winning and losing trades properly assessed with the objective of learning how to become better rather than just chasing after the money. If this is carried out in the right manner, many of the new traders will find it easy to be able to learn and advance much more rapidly than was previously the case.