Essential tips for trading:
1- Avoid FOMO (Fear of Missing Out) trading: Don't make impulsive decisions based on fear or hype. Analyze the market carefully before making any trades.
2- Closely follow support and resistance levels: These levels indicate potential price reversal points. Use them to identify entry and exit points for your trades.
3- Always use stop-loss orders: This will limit your losses if the market moves against you. Place your stop-loss orders below your entry point for long trades and above your entry point for short trades.
4- Pay attention to volume before opening a trade: High volume indicates strong market sentiment and can increase the likelihood of a successful trade.
5- If trading with leverage, use shorter time frames: For example, trade on the 15-minute or 5-minute time frame. This can help you manage risk more effectively.
6- Focus on minimizing losses and maximizing profits: This is the key to long-term trading success.
Bonus trading trick:
I'll be sharing a trading trick soon in a video. This trick will help you make informed trading decisions without relying on drawing lines on charts.
Stay tuned and follow me..
