After knowing about the basis of trading then one should know about how to place orders and types of orders that are available in the trading platform, this is essential because if we get confused about buy, sell, long winding and short covering then our trade will be negatively affected. If we are building house for us first we will draft a plan likewise here also we should have a plan like at what price we should buy/sell and stop loss level and target levels. The risk reward ratio should be not less than 1.