if you are a person who is interested to start trading, please keep these basics in mind. These may not be exhaustive but will certainly help in starting.
1●Do paper trade for at least one month and only do real trades if you are able to consistently make profits for a month. Real trading involves emotions and real money which is much harder to control.
2●Make a trading plan. You need to decide on the best strategy to maximise your chances of trading profitably. Zero in on your indicators and what factors will trigger a trade. You can follow well known strategies like ORB, OHLC or make your own strategy.
3●Decide on your trading capital. Please ensure that this amount is subject to risk and you should be comfortable with losing this capital.
4●Have a trading plan: Before you enter a trade, decide on the entry, stop loss and exit. Don't cling onto loss expecting it to go into profit and compound your losses. Remember to cut your losses and let the winners ride( Once you are a bit experienced you can master the concept of trailing stop loss for better profits)
5●Keep reading finance related news, articles, books and blogs to keep improving your finance knowledge.
