This is what I advised myself 💜
As a beginner trader, you can benefit from the experiences of veteran traders in many ways, but most importantly, you should have a clear learning methodology so that you don't make the same mistakes they made in the past. Here are some effective steps:
Look for stories from veteran traders, whether through articles, forums, or educational videos, to understand the common mistakes they made and avoid them.
Ask experienced traders about the lessons they learned during their journey.
Follow their technical analyses, and observe how they identify entry and exit points.
Don't just copy their trades; try to understand the logic behind their decisions.
Watch their live trading videos, where they explain their decisions while trading.
Be active in asking questions and don't hesitate to inquire about any unclear terms or strategies.
Try the strategies that veteran traders talk about in a demo account without financial risk.
Evaluate your results, then develop your own strategy based on what you have learned.
Even if you are following professional traders, do not risk large amounts of money at the beginning.
Always use money management (such as risking only 1-2% of your capital on a single trade).
Do not take any recommendation as 100% correct.
Compare different analyses and form your own opinion before making a decision.
Summary
✅ Learning from the mistakes and experiences of others can save you years of trial and loss.
✅ Do not copy the trades of veteran traders without understanding the reasons behind their decisions.
✅ Gradually build your own strategy based on learning and experience.