If you are a beginner in the world of trading, these tips will help you avoid common mistakes and improve your chances of success:
1. **Learn first before you invest**
- Read books, watch educational courses, and follow reliable financial analyses.
- Understand the basic terms such as: **leverage, margin, spread, technical and fundamental analysis**.
2. **Start with a small capital**
- Do not risk money you cannot afford to lose.
- Try trading on demo accounts before using real money.
3. **Set a clear trading plan**
- Define your goals, entry and exit levels, and risk ratio for each trade.
- Stick to the plan and do not make random decisions under market pressure.
4. **Use risk management**
- Do not risk more than **1-2%** of your capital on a single trade.
- Use **Stop Loss** and **Take Profit** orders.
5. **Avoid emotions**
- Greed and fear are the biggest enemies of a trader.
- Do not increase the trade size after consecutive losses (revenge trading).
6. **Do not follow rumors or random advice**
- Verify information yourself and do not rely on unreliable tips.
- Avoid **dangerous speculations** such as high-leverage trades without analysis.
7. **Diversify investments**
- Do not put all your money in one asset or one market (like cryptocurrencies only).
- Spread your investments across stocks, currencies, commodities, etc.