Give me advise i'm a beginner trader

Trading Discussion
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i just started trading please give me advise

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This is a great place for research. Find a simple, objective strategy, open a demo account with a broker and start using the strategy.

This will not be the strategy you will use for the rest of your life but it will teach you how to pick a better strategy and use that one better. Demo trade the second one, you will get better results. Then move to another strategy, and deom trade that one - it should work even better.

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Click the green link! :slight_smile:

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we are the same… :+1: DYOR adn become student of the market is the best way… say and chitchat about good phsycology and manner is easy… but don’t forget to master it…

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  1. Buy the dips in an uptrend and sell the rallies in a downtrend (after understanding very clearly and unambiguously how you are defining “uptrend” and “downtrend”)

  2. Don’t try to learn from Youtube (people who can trade profitably don’t need to put videos on Youtube)

  3. Never add to losing trades hoping they will turn round (but maybe sometimes add to winning trades hoping they will continue)

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You can start with basic of forex trading. Once feel like that you can trade now then move to demo account and check if your strategies are working. Once feel confident you can switch to live account with smaller capital which you are okay to loose.

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I hope you have started out with a demo account and not directly with a live account. Try focusing on a few pairs at first and execute your strategies in the demo account. It will help you understand what you may be doing right and wrong. Also, starting with risk management today itself is very important.

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Follow the plan, have patience along with risk management and trade with the amount you no fear of loosing.

Which instrument are you trading?

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thankyou sir

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nice methode