Thank you for your good tips OP. But just to remind every newbies out there, knowing all of these is just a small portion when you are in real trading. Skills and experience matter the most, so if you think you certainly have less knowledge and experience on trading, it’s better to study more of it before you decide to risk your hard-earned money into trading.
As much as knowledge and experience are crucial when trading, I should say having patience and emotional control as well will pave way for a better trading performance. So make sure to develop those positive traits first before engaging in real trading.
It's a reality that no matter how much you learn about trading through YouTube or by using techniques like paper trading, you will learn trading only once you start trading with real money. When we are new to anything we do commit mistakes before developing skills in that domain like when we start learning driving, we do mistakes initially when we drive car our self. Likewise in trading, we have to face loss in the start and best why to reduce that loss is to start with a small money or money that you can afford to lose.