Need Advice From Experienced Traders #1
Hi everyone. I'm still a beginner in trading, and I have a few questions that I hope experienced traders can help me with.
I often hear professional traders say, "Stop predicting the market and start reacting to what the market is doing." What does that really mean? Can you explain it in simple words or give an example?
I also hear some traders say it's better to use only one timeframe to avoid confusion. If that's true, what timeframe do you recommend for a beginner, and why?
Lastly, how much money do you think a beginner should start with? I know risk management is important, but I'd like to know what amount you think is reasonable to learn with.
Thank you! I appreciate any advice or tips.
I'm trying to improve and stop making the same mistakes, so any advice would really help.