Simple Steps to Understand the MarketšØ
Understand the Market Firstā”
Before learning strategies, itās important to know how the market works. Here are some basic tips to help you get started:
1. Wait for Clear Trends
Donāt jump into trades until you see a clear breakout or trend.
2. Use Wider Stop Losses
Give your trades more room by setting wider stop losses to avoid quick exits from small price moves.
3.Control Your Emotions
Follow your plan and avoid making snap decisions during sudden market changes.
4. Watch for Strange Volume
If thereās a sudden increase in volume without a price change, it could be a sign of market manipulation.
5. Stick to Higher Timeframes
Trading on higher timeframes helps you avoid the noise of short-term price moves.