📈 Steps for you if you are a beginner in trading
Do you want to learn how to trade and make money in the markets, but don't know where to start? Here are the basic steps you need to follow to not lose a single cent:
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1. Learn the basics
• What is trading?
• Difference between investing and trading.
• What is a cryptocurrency, a stock, a currency pair, etc.
👉 Look for videos on YouTube or free courses like "Trading for Beginners."
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2. Open an account on a reliable platform
• Binance, Bitso, KuCoin, etc.
• Verify your account with your documents.
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3. Start with a demo account
• Practice without risking real money.
• Learn to use candlesticks, limit orders, and stop loss.
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4. Study technical analysis
• Supports and resistances.
• Trends and retracements.
• Candlestick patterns (like hammer, engulfing, etc.).
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5. Define your strategy
• Are you going to do scalping, day trading, or swing trading?
• What % of your capital are you going to risk per trade?
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6. Control your emotions
• Don't trade out of revenge or gut feeling.
• Discipline wins more than luck.
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7. Start small
• Don't put all your money in from the beginning.
• Trade with what you are willing to lose.
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8. Keep a record of your trades
• Note down each entry, exit, profits, losses, and mistakes.
📓 This will help you improve faster than any course.
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9. Join communities
• Telegram groups, Reddit, YouTube, or TikTok trading groups.
• Learn from the experience of others.
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10. Never stop learning
• The market changes all the time.
• Keep studying, testing, and adjusting your strategy.
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💡 Final advice: Patience and practice will make you profitable. Don't seek to get rich in a month, focus on not losing and understanding the game.