Before starting to invest money, it is very important to train in trading. You should know the financial terminology well and the theory and techniques. You should be accustomed with terms such as spread crosses, exotic pairs, and know how candles and line charts work; know what supports and resistances are, etc.
You can start training with free online courses, such as the free 2-hour basic course offered by Bolsa para Torpes and continue devloping your knowledge with the rest of the more specialized courses offered by Canal Trader. Of course you can also surf the Internet to find the latest resources. There is a lot of good information available online and more and more of it appears each day.
Once you have basic training under your belt, and you know the terminology and the techniques, you can start trading through a demo account or through a simulator. In this way,you can carry out operations with virtual money, without putting your own capital at risk.
And in this way, you can begin to understand, through experience, how the market behaves and develop an understanding of its subtleties and eccentricities. The behavior of the market is not predictable and unexpected situations can occur. Thus, with a bit of practice, you will know how to make the best decisions based on your knowledge and the experience gained.
When investing in the stock market, it is very important to do so through a broker that is regulated and safe. It is essential to know the expenses and commissions that are associated with your securities account, and the fees you will inevitably have to pay, such as brokerage costs, stock exchange fees, and securities administration expenses. Your money is at stake, so it is very important to work with a trusted and regulated entity.
When you have the training and have chosen a trustworthy broker, it is time to look for the trading platform that best suits you. Spend some time making sure you make the best selection as a good app is pretty fundamental to future success.
We recommend that you start trading moderately, with small investments and simple investments. You can trade from Monday to Friday, 24 hours a day. Set yourself a realistic and prudent goal, without taking risks, as you could lose everything in one rash move if you decide to risk too much. It’s important to know your limits and stick to them.
You can also try to copy experienced traders who operate successfully, it’s a practical and effective way to trade when you have little experience. In this (https://canaltrader.com/videos/copia-a-los-mejores-traders), we explain how to do this kind of ‘social trading’ or ‘copy trading’.
To learn more about trading subscribe to the Trader Club and our YouTube channel where you will find strategic tools to help you train to become a financial professional.
