# Common Mistakes of Beginners

> Learn the top mistakes new Veles users make and how to avoid them – from large deposits to ignoring bot errors and trusting scammers.

Let’s go through the most common mistakes made by new Veles users — and how to avoid them.

## 1. Launching a Futures bot without having enough supporting margin.

There is a "Deposit" field in the bot's editor, but this is only part of the amount it needs to work properly. It is critically important to give the bot enough supporting margin, otherwise the deposit will be lost quickly.

:::tip[What to do]
Determine the amount of margin yourself according to the article ["How to reduce risks"](https://help.veles.finance/en/getting-started/strategies/reduce-risks/), ask experienced users or Support "How much do I need to keep on the exchange for my bot?" and attach a link to the settings (use "Share" button).
:::

## 2. Not studying the help materials before starting trading

Veles bots have many settings.
A couple of questions in chat will not replace reading the documentation.

📌 Financial instruments require time to learn — otherwise, there will be no profit.

:::tip[What to do]
- Read the help and articles on the [Wiki](https://help.veles.finance/en/getting-started/education/materials/).
- Join the [Veles Telegram community](https://help.veles.finance/en/getting-started/education/telegram/).
- Keep up with the news, ask questions, and share experiences.
:::

## 3. Using too large a bot deposit

Trading is a high-risk activity.
Even experienced traders lose money, but they know how to control losses.

Beginners should not invest amounts whose loss would be critical.
Think of the deposit as “tuition” at the start.

:::tip[What to do]
- Start with the minimum amounts.
- If issues arise — cancel trades following [this guide](https://help.veles.finance/en/platform/components/trade-management/).
- Carefully calculate the maintenance margin for futures: [How to reduce risks](https://help.veles.finance/en/getting-started/strategies/reduce-risks/).
:::

## 4. Ignoring bot errors

Veles is an intermediary between you and the exchange.
If the bot stops with an error, it’s important to check what’s happening on the exchange itself, rather than just restarting the trade. A safe restart may require manual actions on the trading account.

A common mistake — launching a bot on an account that already has orders/positions for its trading pair.

:::tip[What to do]
- Run the bot on a **clean trading account**.
- If there’s an error, check the exchange and manually close the trade if necessary.
- Guide: [How to stop a bot and cancel a trade](https://help.veles.finance/en/platform/components/trade-management/).
:::

## 5. Trusting scammers

The crypto space attracts a huge number of scammers:
fake “support” accounts, “urgent promotions,” “fund rescue from a failure,” and so on.

:::caution[Important]
Veles support **never** messages you first or calls you.
:::

:::tip[What to do]
- Verify the sender: our official bot is [@VelesSupportBot](https://t.me/VelesSupportBot).
- Do not click on links or open files without verification.
- More details: [Protection from scammers](https://help.veles.finance/en/getting-started/education/scam/).
:::

## 6. Running too many bots

If you can’t manually monitor all trades, the risks increase.
Block settings require experience and may not work as expected.

:::tip[What to do]
- Limit the number of bots to what you can monitor.
- Stop some trades if necessary.
- Check your margin following [these recommendations](https://help.veles.finance/en/getting-started/strategies/reduce-risks/).
:::

## 7. Multiple bots for the same coin and direction

Running several bots on the same coin without block settings often leads to conflicts and losses, even if bot reports show “profitable” trades.

:::tip[What to do]
- Do not run more than one bot per coin (until you master block settings).
- Set up [block settings](https://help.veles.finance/en/exchange/general/locks/) as per the guide.
:::

## 8. Launching Bots Without Understanding Exchange Basics

Bots are a tool for automated trading, but they don't make decisions for traders; they merely automate them. It's essential to have a basic experience of manual trading to understand what you're automating. Furthermore, there inevitably comes a time when manual actions are required on an exchange trading account. A responsible bot user should be able to confidently and quickly find this account, manually create, delete, or modify orders, and move assets.

To help you, there are numerous training materials available on the exchanges themselves, on video hosting sites, and also our [free consultations](https://calendly.com/velestechnicalsupport/), where you can go through the exercises recommended below with a help of our specialist.

:::tip[What to do]
1. Activate a Demo account on the exchange and receive a starting deposit.
2. Open 3 Long positions on different coins using Isolated margin with leverage of 3x, 10x, and 20x.
3. Open 3 Short positions on different coins using Isolated margin with leverage of 3x, 10x, and 20x.
4. Review all available information about positions (find the liquidation price and test the closing buttons).
5. Create averaging orders for the positions; create closing orders. Edit some orders so they get executed faster (change the price).
6. Get all the isolated margin positions to Liquidation and review the trading history for these positions.
7. Open 3 Long positions on different coins using Cross margin with leverage of 3x, 10x, and 20x.
8. Open 3 Short positions on different coins using Cross margin with leverage of 3x, 10x, and 20x.
9. Create averaging orders for the positions; create closing orders; edit some orders to fill faster (change the price).
10. Get the account on cross margin Liquidation and review the trading history for all positions.
:::