- Learn the Basics: Understand trading, types of trading (day, swing, long-term), and key terms (buy, sell, profit, loss).
- Choose Your Style: Decide whether you want to day trade, swing trade, or invest long-term.
- Study Technical Analysis: Learn to read candlestick charts and use indicators like RSI and moving averages.
- Understand Fundamental Analysis: Study factors affecting stocks (earnings, news) or forex (interest rates, economic data).
- Create a Trading Plan: Set clear entry/exit rules and manage risk by limiting loss to 1-2% per trade.
- Practice on a Demo Account: Use virtual money to practice without risk.
- Start Small with Real Money: Begin with small amounts of real money, focusing on risk management.
- Track Your Progress: Keep a trading journal to improve and learn from each trade.
- Keep Learning & Be Patient: Trading is a skill, so continue learning and improving over time.
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