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How Start Trading

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0% found this document useful (0 votes)
1 views2 pages

How Start Trading

Uploaded by

younasawais989
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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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.

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