Pointers for beginners?

<p id="isPasted">* You need to have clear trading strategy.</p><p>* Realize that 50% or more of your trades will be in a loss.</p><p>* Even with 50-60% of trades going in a loss, a trader can be consistently profitable. (Due to RR)</p><p>* There is no 'magic' strategy to trade. It takes patience, discipline.</p><p>* You will make many mistakes before you become profitable.</p><p>* You have to learn from your mistakes.</p><p>* Keeping a trade journal will help.</p>

<p id="isPasted">As a beginner trader, you should practice below mentioned advice:</p><p>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; -What exactly you did WRONG today? write it down &amp; don't do it tomorrow.</p><p>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; -while adding quantity, 1st see YOUR REAL POCKET, can you afford that?</p><p>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; -when in TRADE, be a ROBOT with setup &amp; not a human with emotions.</p>

<p><br>Begin with a proper plan, Know your risk appetite, Leverage technology.</p>

<p id="isPasted">For beginners in trading, success requires a blend of education, strategy, and emotional discipline. Key pointers include starting with a solid plan, managing risk rigorously, using practice accounts, and continuously learning from your experiences.&nbsp;</p><p><strong>Foundational Knowledge &amp; Planning</strong></p><ul><li>Educate Yourself Thoroughly: Understand market basics, trading terminology (like bids, asks, stop-loss orders, and margin), and the difference between investing (long-term) and trading (short-term). There are many online courses, books, and resources to help you learn.</li><li>Define Goals and Risk Tolerance: Clearly outline your financial objectives (e.g., short-term gains vs. long-term wealth) and determine how much you are willing to risk. Only trade with money you can afford to lose.</li><li>Create a Solid Trading Plan: A well-defined plan should include your entry and exit criteria, profit goals, risk tolerance level, and the specific markets you will focus on. Stick to this plan without deviation.</li><li>Choose the Right Broker: Select a reputable, regulated broker that offers a user-friendly platform, low fees, reliable customer support, and essential trading tools.</li><li>Start Small and Simple: Begin with less volatile, highly liquid stocks or diversified instruments like Exchange-Traded Funds (ETFs) to minimize initial risk. Avoid complex instruments like derivatives (futures and options) until you have significant experience. </li></ul>