Learn the basics of stocks, ETFs, options, and market orders
Open a brokerage account with real-time data and low fees
Start with a small amount of money you can afford to lose
Choose one market and one strategy to focus on
Use a demo account before trading with real money
Set clear entry and exit rules before every trade
Use stop-loss orders on every trade
Risk only a small percentage of your account on each trade
Avoid trading with emotions
Keep a trading journal of every trade
Trade liquid assets with high volume and tight spreads
Watch the overall market trend before entering trades
Use charts, support and resistance, and volume for decisions
Avoid overtrading
Stick to a trading plan
Review your trades regularly and learn from mistakes
Be aware of taxes, fees, and pattern day trading rules
Focus on consistency, not quick profits