what is your advice for a beginner?

#61
Start with thorough research on basic financial concepts and companies, and consider long-term investing rather than short-term trading. Diversify your investments to manage risk effectively.
 
#62
1. Have your expectations in place and check how practical/feasible it is.
2. Understand how much time you can invest in the market to get to those expected profits.
3. Make a setup which can allow you to achieve those expected profit figures.
4. Do a thorough back-testing with that setup to see if it is working.
5. Keep improving your setup as you continue back-testing.
6. Start with only so much capital which you can afford to loose and wouldn't feel bad about it.
7. If you start getting the results, you can gradually increase your invested capital.
8. Don't chase the chaos of the market. Just follow your setup.
 
Last edited:

stoch

Active Member
#63
My advice for a beginner is to always use stop loss, start from small account and trade according to a trading plan (number of traders per day, size of risk, profit targets, preferred instruments for trading). You should do some job before you start risking your money.
 

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