General Guidelines for Beginners
Start by Learning First
Take your time to understand the basics of the market, types of orders, technical and fundamental analysis, and risk management.
Start with a Demo Account
Try your strategies without real risk using a demo account until you gain confidence and experience.
Set Your Goals and Plan
Define your trading goal (extra income? long-term investment?), and create a clear plan that includes your strategy, entry, and exit points.
Don't Risk More Than You Can Afford
Do not use more than 1-2% of your capital on a single trade, and avoid trading with capital you cannot afford to lose.
Control Your Emotions
Fear and greed are among the biggest enemies of a trader. Stick to your plan and do not enter trades just based on a "feeling".
Learn from Mistakes
Keep a record of your previous trades, and review them periodically to learn from them and improve your performance.
Avoid Overtrading
Do not enter many trades without a clear reason; focus on quality over quantity.
Follow News and Economic Indicators
Major news (like interest rate decisions and economic reports) can move the market significantly.
Always Use Stop Loss
Do not leave your trades without a stop loss limit to avoid being surprised by large losses.
Look for Reliable Sources and Continuous Learning
Follow reliable educational channels and sources, and stay updated on market changes.
