#Write2Earn

Understand key concepts like:

• What is trading? (buying/selling to profit from price changes)

• Types of trading: stocks, forex, crypto, commodities, etc.

• Common terms: pips, spreads, leverage, stop loss, take profit

📘 Tip: Use free resources like YouTube, Investopedia, or trading courses.

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✅ 2. Choose Your Market

Decide where you want to trade:

• Stocks: Long-term value and dividends

• Forex (currencies): 24/5 market, high liquidity

• Crypto: High risk, high reward, 24/7 market

• Commodities: Gold, oil, etc.

Choose one to start. Don’t trade all at once.

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✅ 3. Pick a Reliable Broker

You need a trading platform. Choose a broker that:

• Is regulated in your country

• Offers a demo account

• Has low fees and spreads

• Is easy to use for beginners

Examples:

• Forex: XM, Exness, OANDA

• Stocks: eToro, TD Ameritrade, Interactive Brokers

• Crypto: Binance, Coinbase

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✅ 4. Start With a Demo Account

Practice with fake money before risking real money.

• Learn how to place trades

• Test strategies

• Get familiar with the platform

Stay on demo until you’re consistently profitable.

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✅ 5. Learn Risk Management

This is crucial to avoid big losses:

• Never risk more than 1–2% of your account per trade

• Use stop-loss orders

• Don’t overtrade or use too much leverage

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✅ 6. Create a Simple Trading Plan

Before you trade live, define:

• Your strategy (e.g., trend-following, scalping, swing trading)

• Entry and exit rules

• Risk-to-reward ratio (aim for at least 1:2)

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✅ 7. Start Small With Real Money

Once confident on demo:

• Open a real account

• Deposit a small amount you can afford to lose

• Stick to your trading plan

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✅ 8. Keep Learning and Improving

• Review your trades weekly

• Learn from your mistakes

• Read books or follow experienced traders