Post
Topic
Board Trading Discussion
Re: Trading for Beginners?
by
KnightElite
on 26/01/2020, 03:26:24 UTC
Set up a plan for yourself in advance and try to follow it. This plan should include the path you choose (what kind of trade you can do), how fast you need to go (amount of earnings) and what you have to do to avoid falling into the pits (management of risks and feelings). But, first of all, how prepared are you to set off on this road? If you need to learn a little more, do not ignore it.
Planning your trades are one of most important factor to have successful execution. I'm sure that newbies are just keep buying and selling without plan. Our plan should consists of many steps, the first is we shiuld identify the entry point and our target profit then next is we should place stop loss for our risk and management. It is important because our expectation will not always happen and placing a stop loss can help us to minimize our losses. Newbies should learn how they will follow their plan in order to have successful trade.