What should a newbie do

[Pomilodon]

1. have a trading plan
2.stick to the trading plan
3.always take note your trade execution
4.make review

 

[Fin_Trader]

A beginner first needs to study the theory and test it on a demo account. Create a trading strategy and test it there. You also need to be able to control risks in trading and your emotions. And finally, you need to choose a reliable broker that would give you the opportunity to trade with fast order execution, minimal spreads and quickly withdraw profits, like fxopen does. Then there will be a great chance to achieve success here.

 

[pippin]

1. have a trading plan
2.stick to the trading plan
3.always take note your trade execution
4.make review

Sticking to a trading plan requires discipline and commitment. Some effective strategies include setting clear and achievable goals, regularly reviewing and updating the trading plan as needed, maintaining focus on long-term objectives, and holding oneself accountable for following the plan. Additionally, practicing mindfulness techniques, such as deep breathing or visualization, can help manage emotions and stay disciplined during trading.