1. Start with Proper Knowledge š
ā¢ Understand the basics: how markets work, types of trading (stocks, forex, crypto), and risk management.
ā¢ Never invest in something you don't understand.
2. Use a Demo Account First š®
ā¢ Practice trading with virtual money to learn without financial risk.
3. Create a Trading Plan š
ā¢ Define your goals, risk tolerance, entry/exit strategy, and daily/weekly targets.
ā¢ Stick to your plan ā avoid emotional decisions.
4. Manage Your Risk š”
ā¢ Never risk more than 1-2% of your capital on a single trade.
ā¢ Always use "stop-loss" to limit losses.
5. Stay Updated with Market News š
ā¢ Economic events, politics, and global crises impact markets.
ā¢ Follow financial news or use apps like Bloomberg or Investing.com.
6. Learn Technical Analysis š
ā¢ Understand chart patterns, indicators (like RSI, MACD), and trends to make smart decisions.
7. Keep Emotions in Check š
ā¢ Greed and fear are the biggest enemies in trading.
ā¢ Be disciplined, not emotional.
8. Review and Improve š
ā¢ Keep a trading journal. Note what worked and what didnāt.
ā¢ Continuously learn and refine your strategy.
Bonus Tip:
āStart small, grow slow, but trade smart.ā
~ Let me know if you want tips specific to crypto, forex, or stock trading.
ā plz share your opinion in comments
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