1. Learn the Basics
Understand how markets work (supply/demand, liquidity, volatility).
Study different types of trading: day trading, swing trading, position trading, scalping.
Learn about instruments: stocks, options, forex, futures, crypto, etc.
2. Master Technical and Fundamental Analysis
Technical Analysis: Learn to read charts, identify patterns (like head and shoulders, triangles), use indicators (RSI, MACD, Bollinger Bands).
Fundamental Analysis: For stocks, study company earnings, balance sheets, and industry trends.
3. Build a Trading Strategy
Choose your style (short-term or long-term).
Set entry/exit rules, risk/reward ratios, stop-loss/take-profit levels.
Backtest your strategy on historical data.
4. Use a Demo Account
Practice trading without risking real money.
Use platforms like TradingView, MetaTrader, or ThinkorSwim for simulation.
5. Manage Risk
Never risk more than 1–2% of your capital on a single trade.
Use stop-loss orders to protect against big losses.
Diversify to reduce exposure.
6. Keep a Trading Journal
Log every trade: what you did, why, and what the outcome was.
Review regularly to find patterns and mistakes.
7. Stay Updated
Follow financial news, earnings reports, economic calendars.
Learn from experienced traders (books, YouTube, podcasts, forums like r/WallStreetBets or BabyPips).
8. Never Stop Learning
Markets evolve—keep learning new strategies and adapting