Trading Between Ease and Loss , What Really Awaits You?
One of the most common questions on the minds of beginners in trading is: Is learning to trade difficult or easy? And can I learn it quickly?
Well, the short answer is yes, trading is easy and can be learned, but it's not as simple as it seems. Learning to trade correctly and effectively requires several steps and months of practice to ensure you're truly ready to enter the world of trading and profit from the markets. The type of market doesn't matter as long as you have sufficient knowledge.
In the following steps, we'll learn how to start trading easily.
First: Understanding Market Basics
You must understand the fundamentals of the market you've chosen to trade in, whether it's Forex, stocks, or even crypto. You need to be aware of everything surrounding this market and know the most important news and market drivers.
Remember, knowledge is your most important weapon.
Second: Technical Analysis
Of course, once you begin trading, regardless of the market, you must have sufficient knowledge and even expertise in technical trading to accurately identify entry and exit points.
Naturally, you should start by studying classical analysis, as it is the foundation of technical analysis. After studying and practicing it thoroughly, you can then begin exploring other technical schools alongside classical analysis, such as supply and demand, SMC, harmonic patterns, and many others.
One school alongside classical analysis is sufficient, provided you master it and practice it for at least 3 to 6 months.
Third: Money Management
This is as essential as technical analysis. If you enter the world of trading without money management, you are destined to lose, no matter how long you invest.
Money management is one of the most important factors, if not the most important. Therefore, you must study money management and be familiar with all aspects of it to be ready to start trading.
Fourth: Fundamental Analysis
Understanding and studying fundamental analysis, including news, central bank decisions, and other relevant factors, is crucial. These are key drivers of market movements and are especially important for traders, particularly those who rely on swing trading. Such news can determine the overall market trend, helping you identify suitable opportunities in conjunction with technical analysis to select the best entry points.
Always remember that trading with the general trend offers the best possible trades.
Fifth: Determining Your Trading Type
Ultimately, you must decide whether you will trade swing (long-term positions), day trading, or scalping (very quick entry and exit points).
This is often overlooked and can be confusing for beginners. You must decide during your training period to understand your trading style and choose the right strategy. Each trading type requires different strategies and capital management, so pay close attention to this.
Some Tips
Ultimately, the topic isn't as difficult as I mentioned, and here are some tips that will help you:
1. Learn thoroughly and dedicate sufficient time to practicing on a demo account.
2. Decide which type of trading you prefer from the beginning (swing, intraday, scalping).
3. Always trade with the trend; this is better, and profits are easier and faster.
4. Practice controlling your emotions, as they are a major cause of losses. Don't let emotions control you.
5. Choose a reputable trading company with a good track record in the markets and a very low number of complaints.
6. Focus on capital management; this is essential for your survival in the market.
