Friend, you can certainly give advice and that too with experience but if you are really a new trader then you will not like the advice.
Let's give it anyway.
A new trader enters the market with a lot of enthusiasm and passion in the initial phase but it is very important to keep in mind that a successful trader moves forward by mixing passion with prudence.
So if you want to be successful here, then try to suppress the initial enthusiasm of the market as much as possible. Because a decision taken in extreme enthusiasm will give you nothing but regret.
Some things that you should keep in mind in the beginning.
1) Instead of earning for the first few months, work on ways to keep the capital safe. Because if you learn to keep your capital safe, then all other things will gradually become easy.
2) For the first few months, take trades with only 1-2 quantities.
3) After taking the trade, make it a habit to not look at the profit and loss running in the account. If you do this, you will be able to control your emotions.
4) Even if you do not know anything after taking the trade, but definitely look at the changes happening in the chart.
5) After the trade is over, note what you did wrong and how you can fix it.
These five are the best advice for beginners. Which is enough to keep you in the market for a long time.
Hope the post will be useful for you.
Thank you
0 Comments