1. Start small:
Only invest what you can afford to lose, and gain experience gradually.
2. Learn the basics:
Read technical and fundamental analysis to understand market movement and make informed decisions.
3. Risk Management:
Use stop loss orders to protect your capital and reduce potential losses.
4. Diversify the investment portfolio:
Don't put all your money in one asset; spread your investments out to reduce risk and increase opportunity.
5. Control your emotions:
Stick to your investment plan and avoid making random decisions out of fear or greed.
6. Stay informed:
Follow news and updates about the market, as global events and policies greatly affect prices.
Pro tip:
Successful trading requires patience, discipline and a clear strategy. Take your time, keep learning and trade smart!