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.

 

[Fin_Trader]

A beginner needs to constantly learn and improve his trading. To do this, you need to study fundamental and technical analysis in order to understand the reasons and trends of price movements, as well as make informed and systematic decisions on entering the market and timely exiting it.