Here are 5 key tips to become a successful trader:
1. Develop a Solid Trading Plan Set clear rules for when to enter and exit trades, how much to risk, and what strategies to use. Stick to your plan—don’t trade on impulse.
2. Manage Risk Effectively Never risk more than you can afford to lose. Use stop-loss orders and limit your risk per trade (many pros stick to 1-2% of their capital per trade).
3. Keep Emotions in Check Fear and greed can ruin trades. Stay disciplined and don't let wins make you overconfident or losses make you reckless.
4. Always Keep Learning Markets change constantly. Stay updated, review your past trades, and keep improving your strategy through education and practice.