Great question 👍 Let’s break it down simply for you.
🛠 How to Start Trading (Step by Step)
1. Education First
Learn the basics: what are candlesticks, support/resistance, trends, and
market sessions.
Understand key concepts like risk management, lot size, leverage,
and trading psychology.
Explore strategies (e.g., FVG setups, breakout, supply/demand).
👉 You can start with free YouTube educators or demo accounts.
2. Choose a Market
Forex (EURUSD, GBPJPY, etc.) – high liquidity, good for learning.
Indices (NAS100, SPX500) – volatile but rewarding.
Crypto (BTC, ETH) – 24/7 but risky.
👉 Since you already know about FVG setups, Forex majors like EURUSD,
GBPUSD, XAUUSD (Gold) are a good start.
3. Open a Demo Account
Use MetaTrader 4/5 (MT4/MT5) or TradingView to practice.
Trade on a demo account for at least 2–3 months before risking real
money.
4. Build a Trading Plan
A trading plan should include:
✅ Strategy (e.g., only trade FVG with context confirmation)
✅ Risk per trade (e.g., 1% of account balance)
✅ Reward-to-risk ratio (e.g., 1:2 or 1:3)
✅ Trading journal (track wins, losses, emotions).
5. Risk Management
Never risk more than 1–2% of your account on a single trade.
Example: If your account is $1,000 → risk max $10–20 per trade.
Stick to stop-loss (SL) and take-profit (TP) discipline.
6. Start Small with Real Money
Once profitable on demo, deposit small capital ($100–$500).
Trade micro lots (0.01 lot) to manage risk.
7. Scale Up or Try Prop Firms
If you prove consistent, try prop firms (e.g., FundedNext, The 5%ers).
They fund you with $10k–100k if you pass their challenge.
8. Focus on Psychology
Avoid overtrading & revenge trading.
Be patient; treat trading like a business.
Journal every trade (why you took it, outcome, and what you learned).
⚡ Shortcut Formula:
Learn → Practice on Demo → Build Plan → Trade Small → Scale Up.