ATTENTION NEW TRADERS! âŒïž
Master These 7 Essential Rules Before Jumping Into the Market!
đĄ Starting your trading journey? Donât skip these critical rules or you could be in for a wild ride. Hereâs your survival guide to avoid common beginner mistakes and grow your skills FAST! đĄ
1. Start Small, Think BIG đ
Donât throw all your capital into one trade. Keep it small, learn the ropes, and expand when you gain confidence.
2. Set Stop-Losses â Always! â ïž
Trading without a stop-loss? Thatâs like driving without brakes! Protect your capital by setting a clear exit if the market turns against you.
3. Donât Chase the Hype! đ„
FOMO (Fear of Missing Out) is your worst enemy. Stick to your plan, donât rush into trades just because the market is moving fast.
4. Analyze, Donât Gamble đ
Study charts, understand the trends. If youâre just guessing, youâre not trading, youâre gambling.
5. Manage Your Risk đĄïž
Never risk more than you can afford to lose. Aim to keep your risk per trade between 1% to 2% of your capitalânothing more!
6. Watch the News đ°
Market-moving events can come out of nowhere. Stay informed about economic releases and global newsâthey can impact your trades BIG time.
7. Patience Pays! âł
Successful traders wait for the right setup. Avoid overtrading and forcing tradesâitâs the fastest way to drain your account.
đ„ Pro Tip: Keep learning! The best traders are those who constantly evolve.
đŹ Got questions? Drop them below or DM meâletâs discuss!
đ Stay Smart. Trade Safe. WIN BIG. đ°
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