Quote from: Kasabus on July 25, 2023, 08:54:06 PM

These tips are only helpful if you can use them the right way, but you need to study first and educate yourself on these tips before going into live trading.

Before you trade, you must learn about trading, fundamental and technical analysis but you need more. Before you start trading, make sure you are not going to use 100% of your capital to trade. Because as a new trader, most likely you will lose your capital. If you don't use 100% of your capital to trade, you will have rest capital to trade again.

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However, experience is still the best tip to win your trades. It’s only useless learning all these OP’s tips without putting them in action. That’s why regardless of your first and consistent losses as a beginner, you need to experience trading most often as that’s the only way to be more skillful in this kind of craft.

Experience is important to test your trading knowledge and understanding, to test your emotional control ability and to test your capital and risk management. First and most important, manage your capital well and make sure you use very little capital to start.

Quote from: Vaculin on July 24, 2023, 09:58:03 PM

You have a point mate. It does not matter how many trading tips you have in trading, the important thing is you have to study and learn about them so you can successfully apply whenever you decide to trade. Trading is hard and certainly risky, that’s why everything should be learned the hard way and everyone should follow its process as there’s no shortcut to success in trading.

To succeed in trading, there are more challenges than to succeed in investment. You will have to pay many cost in trading, trading fees are unavoidable but bigger cost is your failed trading positions. To reduce risk of losing all or most of your initial capital quickly, don't use leverages.