To be honest, the main thing that I would advise is not to rush into a choice, because this is simply the worst thing that can be. Most often this leads to losses, no matter how it sounds.
I appreciate that idea.
It is a need for us to understand clearly how this trading will work and never underestimate the risk it has. We should not get tempted by those influencers saying trading gives you money, and a huge profit in a short period of time as it was totally different in the actual scenario. And instead of thinking about profit every day, we instead expect more losses. Well, it could be worse if we really don't know what we are doing, if we don't have knowledge about trading.
It is hard to have such a healthy mindset when you first trade. Trading exposes who we are, such as greedy, indisciplined, self-sabotage, etc. I have seen many experienced traders still struggling to change their habits to have consistent winning, which can be a long process.
Though, nothing is unachievable. My advice for newbies:
- Set rules for yourself: you can read all of the books about trading in the world and you will see that all professionals have their rules. Respect your rules. It is the shortest way to success
- Write daily/weekly journal: we are not like machines, sometimes, we are not capable of following our rules. We need to write out what we feel on those bad days without any judgment. The more you write, the more likely you will change your bad trading habits
Trading is one of the hardest jobs on the planet because it is about
controlling yourself. Society today only teaches us how to interact with the outside world without guiding us on how to control and observe our inner thought. Our mind is where all the trouble comes from.