From my experience in trading, if you are a beginner, these tips will benefit you. What makes people lose their money is fear before buying and not knowing what the investor is purchasing. One of Warren Buffett's famous sayings is "Do not invest in a business you cannot understand". Therefore, the success of investing depends on preparation before the investment itself. The second and most important advice from Warren Buffett is "The first rule is not to lose money, and the second rule is to never forget the first rule."