advice
1. Continuous learning:
- Start reading books, watching educational videos, and joining training courses to learn the basics.
2. Create a trading plan:
- Develop a clear plan that includes your goals, the strategies you will follow, and capital and risk management.
3. Risk management:
- Do not risk more than 1-2% of your capital in one trade. Use stop loss orders to protect your investments.
4. Trading on the demo account:
- Start trading on a demo account to try out your strategies without actual risk, before moving to the real account.
5. Trading with reason, not emotion:
- Avoid making decisions based on emotions such as greed or fear. Stick to your plan and avoid getting caught up in the market.
6. Follow economic news:
- Follow economic news and reports because they greatly affect the movement of markets.
7. Diversification of investments:
- Do not put all your capital in one asset. Diversify your portfolio to reduce risk.
8. Technical and fundamental analysis:
- Learn how to read charts and technical indicators, in addition to understanding the basic economic factors that affect the market.
9. Patience and discipline:
-Trading is not a way to get rich quick. Be patient and stick to your plan and strategy.
10. Learn from mistakes:
-Review your previous trades and learn from your mistakes to avoid them in the future and improve your performance.