I’ I have heard some experienced trader said that I should learn and read more before start, and also get some experience.
That is the way to success in any venture.
There are lots of helpful information and tips here.
There are also videos on YouTube. You can use 'trading for beginners as a search word'.
Consume as much knowledge as possible.
Experience can only come with practice, and you would probably boy like to lose while learning (this us sometimes inevitable). You can practice using demo trading.
Demo trading can only be helpful of you handle it with as much seriousness as you would when live.
Do no fund more than you actually can.
If you plan to be a $50 trader (for a start) then practise with that amount. And learn how to manage it.
I tried one but I falied. There is something I don’t know? Please tell me more.
A lot if traders failed at some point, but those were steps on the road to success.
• look for where you went wrong
• Change a strategy that doesn't work
• Look for an alternative
• And never make excuses, ever.
• Always invest what you can afford to lose
• And plan for the long-term, I believe you would want to be an established trader, and not just stumble on a few profits amidst losses.
Have a game plan, and stick to it. That way you can more easily take losses and errors as lessons and not the end of the road.
I'm agree with any word.
Not so long time ago I decided to start trading, and lose almost $2k in first few months.
I made a lot of mistakes, and was also very subject to emotions. Trading on emotions is what makes you lose money.
Then I maid a pause, studied a lot of literature. Choose on several trading strategies, and everything began to go smoothly.
It is still very important to decide which trading style you will use, since each has its own rules and features.