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5 SUCCESSFUL TRADING TIPS FOR BEGINNERS



In this article, there are 5 successful trading tips for beginners. Indeed, these tips cannot guarantee that you will immediately cash in and get a lot of profit from trading, but after being applied consistently, your level as a trader will gradually increase.

1. Learn more

As a novice trader, don't think about making big profits without a comparable effort. Many think trading is easy so they don't learn the basics and knowledge that actually really supports the activities of a trader.

As a beginner, it is better to choose to be a trader in one instrument first. After studying the sciences and applying them, you can try to continue trading activities to other instruments.

For those of you who are new to trading as a trader, it is highly recommended to trade stocks in blue chip stocks first.

2.Start with Small Capital

For those of you who don't really understand and just want to learn how to become a trader, it's a good idea to invest a small capital first. After you consistently get profit, you can add capital little by little.

There is no guarantee you will get big profits by investing in large amounts. The most important part is that you want to continue to learn and be consistent in carrying out this trading activity.

3. Stay Focused and Realistic

Many novice traders dream of being able to live on trading results and leave their main job in order to become a full trader. There's nothing wrong with that, but you have to stay realistic and don't expect too much to get big profits in an instant.

Instead you have to be careful with the lure of doubled profits in just a short time. It could be, you are trapped and even deceived.

You should also anticipate the psychological aspects of trading. Many beginner traders are carried away by emotions so that they take inappropriate decisions and actually harm themselves.

4.Have a Trading Plan

The next tip is that you must have a plan or strategy. You must have a solid plan of when to enter the market and when to exit. The plan that you develop may include capital calculations, analytical techniques, and how to manage risk.

Apply the plan that you have made with discipline. Consistency and discipline are the keys to success as a trader. The more you practice, the more you will know when to make a cut loss decision and other decisions that are important to you.

5.Failure Evaluation

Feeling a loss while trading is a painful thing but you should make it a valuable lesson and become an encouragement to get up and achieve success in the future. You can make a record every time you get a profit or loss.

It's also a good idea to keep an activity journal and conduct regular evaluations to find out what caused your failure and at any time you could benefit from this activity.

Being a successful trader means that you are willing to learn, keep trying and enjoy every process that goes through in trading activities.

The more you know about the world of Financial Markets, the less likely you are to be 'cheated' by certain people. Fortunately, Astronacci provides various educational services ranging from beginner to expert level on the astronaccishop.com website.

If you are a beginner and don't understand basic technical analysis, then you can learn from e-learning that has made many people successful independent trading, namely "The Ultimate Technical Analysis"

Only 8 hours of study, you will be able to analyze the market both Stocks, Forex, Commodities, & Cryptocurrencies!