Thread: What's the first thing I should learn as a rookie?

Hello everyone, I am new to this trading and the more I read, the more lost I feel. There is too much information, strategies and opinions. If you could go back to the beginning, what is the first thing you would learn? Technical Analysis? Risk Management? Psychology? Everything at once? I thank you in advance for any guidance.

The first thing you should learn is not to lose money like an idiot. Yes, it sounds hard, but it�s the truth. Before you think about profits, you should be obsessed with not breaking your account in a week.

Start with the basics: what a pip is, how leverage works, and how to open an operation on your platform. Don't get involved in advanced strategies if you don't even know how to read a candle properly.

I learned the bad news that risk management is even more important than having a winning strategy. You can have the best entry in the world, but if you go with a huge lotage, goodbye counts.

Thank you for the answers. The truth is that I already got a couple of scares in demo for not understanding leverage. I�m going to focus on that before thinking about winning.

It's not about how many indicators you put on the chart, it's about understanding the price. The price is everything. If you don't know how to read it, you're operating blindly.

One recommendation: stop watching videos of �how to earn $1,000 a day with this secret strategy.� All that is crap that just looks for clicks. Focus on the real: practice, discipline and patience.

My advice is to keep a trading journal from day one. Aim at everything: why you entered, what you felt, how the operation ended. It will help you more than any course of payment.

Since you ask, I'll tell you what no one tells you: this is not for everyone! If you can't bear to lose, no matter how much you study. You're going to burst. So start by knowing yourself.

I see that the emotional part is more important than I thought. Do any of you recommend a book or material to work that part?