:
⸻
1. Learn the Basics
Before you start, it's important to understand how markets work. Read about:
• Types of markets (such as forex, stocks, cryptocurrencies)
• Analysis tools (technical analysis and fundamental analysis)
• Risk management
The more you know, the better your chances of making correct decisions.
⸻
2. Create a Clear Trading Plan
Do not trade randomly. Your plan should include:
• When to enter a trade
• When to exit it
• How much to risk in each trade (preferably not exceeding 1-2% of capital)
• What your adopted strategy is (for example: trading based on trend or news)
⸻
3. Use a Demo Account First
Before risking your money, try trading in a demo account to learn and test your strategy without real losses.
4. Control Your Emotions
Greed and fear are the biggest enemies of a trader. Stick to your plan, and don't let emotions control your decisions. If you lose, don't try to quickly recover the loss. Take time to assess what happened and learn from it.
⸻
5. Continuously Develop Yourself
Markets change, so you should always stay informed. Follow economic news, read books about trading, and monitor your performance to learn from your mistakes and successes.
6. Don't Expect Quick Riches
Success in trading does not happen overnight. Be patient, and focus on achieving consistent profits over the long term rather than seeking quick gains.
