Where to Begin

[mgav1210 10]

Hey guys im a young kid who got interested in trading while doing my High School stock market challenge. I recently Invested a small amount of money into MO and have made a decent return. Now with more money saved up i'd like to learn the different types of trading, whether its long-term, day trading, or forex markets. Where do you guys advise I should begin? I tried downloading thinkorswim and used paper money but the market always seems to be delayed by 20 minutes so day trading on that is not realistic. Just wondering how you guys started out and how I learn to make smarter investments.

 

Thanks

[tmcpherson 10]

The Think or Swim paper account is delayed, but the live money one is not, I use that and follow a premium twitter account that basically guides my trading everyday. So far this year I am up about 62% on my money. My advise is to find an expert and monitor what they use. Another thing I do is something called the ichimoku cloud, I suggest taking a look at that because it is a great tool use.

[tradingwizzard 10]

it depends very much what you want to trade.....there are traders active only on the currency markets, some only on equities, some on both, some on bonds, options, etc......so decide first

[tmcpherson 10]

defiantly in options

[tradingwizzard 10]

why so sure about options?

[JayPrime 10]

Options... I agree because the OP is very young and he mine as well try to grow his capital rapidly. From what I can tell so far, options provide the best reward for the amount of capital you have to risk. (Low capital = still potential for large rewards)

[tradingwizzard 10]

Options... I agree because the OP is very young and he mine as well try to grow his capital rapidly. From what I can tell so far, options provide the best reward for the amount of capital you have to risk. (Low capital = still potential for large rewards)

 

hmm...easy said then done......it's not that simple

[emomy 10]

defiantly in options

 

Why?

Do you trade options?:missy:

[realforexer 10]

You can start with attending the school of pips at babypips.com; learn about forex market and how it works; also learn how to use fundamental and technical analysis to analyse the market; after that you can look for a good broker and pitch up with them.

[aaron 10]

Not sure where you're located. But here in London there are several traders who put on free training events.

 

I'm going to this one next Saturday: Tradersopenday.com

 

Check online, I know tradingacademy.com puts on quite a few events around the UK and USA as well.

 

Good way to get the basics down quickly.

[realforexer 10]

You can begin by learning the most basic aspect of trading from babypip’s school of pipsology; concentrate more on learning the technical and fundamental aspect of forex market. After that you can trade demo if you so wish, before venturing into the real market.

[shuvo7748 10]

You can begin by learning the most basic aspect of trading from babypip’s school of pipsology; concentrate more on learning the technical and fundamental aspect of forex market. After that you can trade demo if you so wish, before venturing into the real market.

 

Hello realforexer,

 

I just visit babypips.com it`s really very helpful as i am new trader. Thank you very much for your kind info. Most interesting is there have some category like, Pre-school Lessons/Kindergarten Lessons/Elementary School Lessons/Middle School Lessons/Summer School Lessons/ High School Lessons/Undergraduate LessonsGraduation Lessons LoL

 

Now i am thinking where to start. LoL

[jakemarden 10]

i am a newly graduate, i want to start trading. which process i have to consider before starting trading.

pokies.net.nz

Edited November 4, 2014 by jakemarden

[CapitalBosters 10]

Hire the financial advisor that would be more beneficial for you.

[karryjakson 10]

I have already start.

[karryjakson 10]

Why?

Do you trade options?:missy:

 

No, i didn't start. But i need to start immediately. Please help me guys .

[prax 10]

No, i didn't start. But i need to start immediately. Please help me guys .

Articles, it's a good landing page to start, had a wide range article suit your needs.

if you want to start learning from the very beginning, and advance as your reading advancing, babypips has a wide range teaching material.

School of Pipsology | Learn Forex Trading it has structured course outline.

while some traders more prefer an informative way of learning, instead of reading they prefer to watch video tutorial, you can find many in youtube, but most of them are too long to watch, some video are over 2 hours duration in single link, found this one well informed video, and more interactive video tutorial, you can select which one you need to watch, based on your knowledge level, each video only at average 3-5 minute duration, you may check at : Advanced Forex Trading Video Tutorials

well, if you're new with trading, first thing invest your time with learning, and spend less while you just starting, and you'll surely came at day of earning.

[shuvo7748 10]

If you want to learn about trading with price action and good money management then have a look at The Forex Guy - Learn Forex Price Action Trading Strategies - i follow this from last few month and it`s really good