LIVEMR-GB
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I'm not much of a good trader but as per my 2 years of experience, here's my suggestion for any new trader. #trade #short #long #btc #eth
If you're new to trading then I suggest you to start with minimum capital. The amount may vary according to one's capacity but the less you put better for you.
Start with like $100-1000, forget about the profit for like 6 months. I know it sounds hard to not look for profits in trading which is the reason we trade but trust me you will ruin your learning as well as blow up the account if you chase profits specially when you're a beginner.
While you start, make sure to use minimum leverage and practice proper (I repeat proper) position sizing and make plans from the very beginning which will greatly enhance your performance and helps to build habit.
Thenafter, be patient with your trades and don't complicate things. Try not to close winning trades and never hold losing one's. Make your entry and exits preplanned and be strict with them.
Lastly, always book profits and try to take less trades. Only go for the clear setups and don't over trade.
Share your thoughts and tips as well in the comments.
I know it's hard to follow all the things I mentioned, most experienced & profitable trades also make mistakes if one could follow these things exactly as said then the win rate & accuracy is unreal.
Lastly, best suggestion for anyone entering to trading is: DON'T !
Trading requires a lot of things such as emotion control, discipline, patience, time & evaluation, extra efforts and is very painful in the beginning years so if you're not ready for all this then the correct things is to DON'T ENTER the market.
If you're new to trading then I suggest you to start with minimum capital. The amount may vary according to one's capacity but the less you put better for you.
Start with like $100-1000, forget about the profit for like 6 months. I know it sounds hard to not look for profits in trading which is the reason we trade but trust me you will ruin your learning as well as blow up the account if you chase profits specially when you're a beginner.
While you start, make sure to use minimum leverage and practice proper (I repeat proper) position sizing and make plans from the very beginning which will greatly enhance your performance and helps to build habit.
Thenafter, be patient with your trades and don't complicate things. Try not to close winning trades and never hold losing one's. Make your entry and exits preplanned and be strict with them.
Lastly, always book profits and try to take less trades. Only go for the clear setups and don't over trade.
Share your thoughts and tips as well in the comments.
I know it's hard to follow all the things I mentioned, most experienced & profitable trades also make mistakes if one could follow these things exactly as said then the win rate & accuracy is unreal.
Lastly, best suggestion for anyone entering to trading is: DON'T !
Trading requires a lot of things such as emotion control, discipline, patience, time & evaluation, extra efforts and is very painful in the beginning years so if you're not ready for all this then the correct things is to DON'T ENTER the market.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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