#2024WithBinance The best advice in trading, especially for beginners, is:
Risk management and sticking to a plan:
Capital management: Do not risk more than 1-2% of your capital in a single trade. This protects you from big losses.
Set a stop loss and take profit: Set a clear level for stop loss (Stop Loss) and take profit (Take Profit) before entering any trade.
Trade rationally and not emotionally: Avoid making hasty decisions based on fear or greed. Always follow your plan and strategy.
Continuous learning: Markets are volatile, so make sure to develop your knowledge by following analysis and lessons.
Additional recommendations:
1. Start small: Try trading with small amounts that do not affect your financial situation.
2. Use a demo account: Before trading with real money, try your strategies in a demo account.
3. Follow news and technical analysis: Markets are affected by economic events, so following news and analysis can give you an advantage.
Trading involves risk, so be prepared to learn from mistakes and keep improving your performance.