Develop a Trading Plan 〽️〽️
Set Goals: Define what you want to achieve, whether it’s short-term gains or long-term wealth accumulation.⤴️
Risk Management: Decide how much you’re willing to risk on each trade. A common rule is to risk no more than 1-2% of your trading capital on a single trade.
Entry and Exit Strategies: Determine the conditions under which you'll enter or exit a trade. Stick to these rules to avoid emotional decision-making.
3. Start Small
Paper Trading: Practice with a demo account to get a feel for trading without risking real money.
Start with Small Investments: When you go live, start with small amounts to minimize potential losses while you learn.
