what is your advice for a beginner?

#51
The only advice that matters is that traders who just begin their journey need to have a strong basic understanding of the marketplace, if they want to survive for longer than most newbies. They should be able to take on the risk they’re willing to handle, not more or less.
 
#53
Beginners should be aware of their long-term goals in the market, and they must learn to apply risk management and emotional control techniques to avoid heavy losses in the market.
 

stoch

Active Member
#54
My advice for a beginner in forex trading is to focus on education, start with a demo account to practice, develop a solid trading plan, manage risk effectively, and be patient and disciplined in your approach.
 
#55
Educate yourself! Take the time to learn about different investment strategies, risk management techniques, and market analysis tools. Building a solid foundation of knowledge will help you make informed decisions and minimize potential risks.
Gyan zruri h!!
 
#56
as it is mentioned many times before you shouldn't over trade and need to control your emotions and first educate and then use a demo account and then a real account
 
#57
This is what I did.

Spent one year to analyse how the government policy and Mergers & Acquisitions is connected to Stock markets. Once you observe this the moment a policy is made you will know which sector is going to make profits.

Ex: Gov focus on electronics manufacturing has increased profits for Dixon, Opteimus Infracom

Gov focus on cutting down telephone imports pushed stock price for Tejas..( Tata buying Tejas also helped)

Gov spend on Weapons increased share price of Bhararat electronics etc

Gov spend on railways pushed prices of RVNL etc and spend on road infra has increased some infra companies stocks

If you closely observe these two factors( Gov policy and mergers acquistions) you will make good profits.

Recently Godrej bought out raymond and their stock got a bump.

You always keep yourself updated with the latest news. Follow Moneycontrol forums for analysis. Read business news. If you are not upto date with current affairs you wont make money.

To Sum up: Study like IAS and think like a business person.
 
#58
  1. Educate Yourself: Learn the basics of stocks, investing, and risk management.
  2. Start Small: Begin with money you can afford to lose.
  3. Diversify: Spread your investments across different stocks or funds.
  4. Long-Term Mindset: Don't chase quick gains; focus on long-term growth.
  5. Stay Informed: Keep up with market news and trends.
  6. Control Emotions: Avoid impulsive decisions; stick to your strategy.
  7. Consider Professional Help: A financial advisor can provide valuable guidance.
 

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