#TradingTypes101 Educate yourself on markets and strategies. Develop a clear trading plan with defined goals, entry/exit rules, and risk management. Never risk more than 1-2% of your capital per trade. Use stop-losses to limit downside. Stay disciplined and avoid emotional trading fear and greed can lead to poor decisions. Focus on high-probability setups and avoid overtrading. Utilize technical analysis (patterns, indicators, trends) and stay updated on market news. Keep a trading journal to review performance and refine your approach. Start small, prioritize learning, and adapt strategies to varying market conditions for long-term success.
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