The trading market is very cruel. You must be prepared to lose money in every transaction and become a successful loser.
If you want to make a lot of money at the beginning, it will probably not happen. Even if you make money once or twice (luck), you will lose it later. 95% of people are losing money, so what about the 5% who are making a profit?
Risk management: You need to know the risk of bankruptcy. If you have 1,000 U and the risk of each transaction is 10%, you can lose ten times in a row. If the risk of each transaction is 2%, you can lose 50 times in a row. If you are worried about bankruptcy or liquidation, you should reduce the amount of each order you open.
Trading plan: Don’t forget to set take-profit and stop-loss. Every transaction is like driving a car, and stop-loss is your seat belt.
Trading system: The trading system is equivalent to your "Survival Guide". Welcome to methodalgo to develop your own trading strategy to improve your trading career!
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What you should know when entering the trading market
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