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Forum Newbies Ask Questions Right Here [Q&A] Thread Reply To: Newbies Ask Questions Right Here [Q&A] Thread

Alex

LEVEL 10 : SENIOR

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#1951

Alex

September 4, 2015 at 4:45 pm

What’s the one piece of advice you would give to a beginner in this industry? – Soloman Scala

The most important tip that I can give any beginner in this industry is to be disciplined. Do not overtrade, revenge trade, stick to your money management rules and follow your trading plan that you have set out for yourself. Treat trading as a business and not as a hobby. This is important because it will give you the right mindset that you need while trading.

Do not rely on indicators to give you signals on where and where not to trade. Only use them as confluence to help you support your trading decisions. Other than that – practice, practice, practice.

Regards
Alex