Before you start trading, it is important to understand the basics of the stock market, including how to read stock charts, technical indicators, and market trends.
You will need a brokerage account to trade. Look for a broker that offers low commissions, a user-friendly trading platform, and good customer support.
A trading strategy is a set of rules and guidelines that you follow when making trading decisions.
Decide how much money you are willing to risk on each trade and stick to it. Intraday trading can be risky, so it is important to manage your risk carefully.
It is a good idea to start with a small amount of money and gradually increase your position as you gain more experience.
Keep track of market news, economic indicators, and company announcements that could affect the price of the stocks you are trading.
A stop-loss order is an order that automatically sells a stock when it reaches a certain price. This can help limit your losses if the stock price drops
Keeping a trading journal can help you track your progress and identify areas for improvement.