✅ 1. Learn the Basics (Foundation First)
Before putting money in the market, understand:
-
What trading is (buying/selling assets for profit)
-
Types of markets: stocks, forex, crypto, commodities
-
Key concepts: risk, leverage, volatility, chart patterns
-
Order types: market, limit, stop-loss
Why it matters:
Most beginners lose because they don’t understand what they’re doing.
✅ 2. Choose Your Market + Trading Style
Pick ONE market to start with:
-
Stocks → safer, beginner-friendly
-
Forex → high leverage, fast-moving
-
Crypto → very volatile
-
Indices/commodities → good for swing trading
Then choose a style:
-
Day trading (quick trades during same day)
-
Swing trading (hold for days/weeks)
-
Investing (long-term)
Why it matters:
Your market + style determines your strategy and tools.
✅ 3. Select a Reliable Broker & Set Up Tools
Choose a trustworthy broker based on:
-
Regulation
-
Low fees
-
Good platform (e.g., TradingView, MT4/5, Thinkorswim)
-
Deposit/withdrawal options
Also set up tools:
-
Charting platform
-
Economic calendar
-
News sources
Why it matters:
Your broker/platform is your trading environment.
✅ 4. Build a Trading Strategy
Every successful trader has a clear, written plan covering:
-
Entry rules (why you buy)
-
Exit rules (why you sell)
-
Risk per trade (usually 1–2%)
-
Stop-loss placement
-
Take-profit method
-
When NOT to trade (super important)
