Start Trading for Beginners

[Cgrexp]

Trading is risky for new investors. Because they invest money thinking it is a way to make money. And if they initially invest a large amount of money in trading, then there is a possibility of big financial losses if the market goes down. Again, if he starts trading with a small amount of money and after making a few profits, his confidence increases and he is interested in investing a large amount of money and then when the market goes down, he suffers a big financial loss, this can affect him. So it is better to invest regularly instead of taking such high financial risks at first. Because in case of regular investment, he will invest a small amount of money, so the loss will be small if the market goes down.

[bigimann]

First off, I will advice you to research on the trading models available and then pick the one that aligns with your personality and style. Models like the ICT, Smart Money Contract (SMC), Support and Resistance (SnR), and others I don't mention.

Next is to learn about price actions. Things like High and Low, support and resistance levels, liquidity sweeps, fair value gaps (FVG), mitigation blocks, order blocks, imbalances, market structure shift, demand and supply zones, etc...

From there you can start with demo account so as to build your psychology (very important) before proceeding to put in real money. Note that psychology is key in trading and it's the most complex aspect of it, never to be underestimated.


NOTE: Always risk what you can afford to lose

See you at the top champ!