HOW TO START TRADING | TRADING TIPS
Don't miss Jordi Martí's advice on getting started in the world of trading. If you think that you are made for trading online then in this video you'll be able to discover where to start...
I am going to explain how to start in the world of Trading.
Trading is not a hobby, it is a full time job. If what you are looking for is a job that takes few hours and gives a lot of money, forget about trading. Look for something else. If you still think you might like this job, let me remind you...
Read moreI am going to explain how to start in the world of Trading.
Trading is not a hobby, it is a full time job. If what you are looking for is a job that takes few hours and gives a lot of money, forget about trading. Look for something else. If you still think you might like this job, let me remind you of several things.
First: psychologically it is very hard work. When we trade we see the profits, the latent losses, permanently, and the temptations to close the operations, without reaching a target, or the temptation to remove a stop thinking in the hope that the price is going to turn and we are going to give the reason ... Those temptations are very high and makes it psychologically complex.
Second: you will need to train. Nobody thinks of taking a plane and flying it, having read four things on the internet or with a small course. You will really need to train, or else, on your own, there is a lot of free material on the internet, with a trainer or in an academy.
And finally, you will need many hours of screen. Even months or years, because with those hours on the screen you will adapt your type of trading to your personality.
The good news is that, to test if this world can fit you, you can do it without risking your money and from your current job.
Where do I begin? The first thing you have to start with is by training. You want to start a new job, so you have to start learning about that job. And how I do it? you can do it in several ways: By free: via internet. It is an inexhaustible source of knowledge. With a teacher or an academy: this process is going to speed up a lot.
Either way you will get there, but with one you will get there faster than the other. You will also need to train in the use of trading platforms. It's simple, but you need to do it.
Second: Computer and connection. If you want to operate in a financial market from home, you need a computer and a connection. In this case, the connection is more important than the computer. Any computer works for you, the connection must be fast.
Third: Practice in a simulator. Once we have started to have knowledge, we have the computer and we have a connection, we begin to test if we can like this work.
And how we do it? Through the simulators that are within the trading platform. It is the way to test if this works for you, if you understand it and if this job fits your personality. Without risking your money, because money is virtual, you don't risk a penny and you start to get acquainted with the charts, with the losses, with the gains (even if they are latent) and you start to make real contact with trading.
Fourth. Jump to real. Once in the simulator we are absolutely profitable, that is, we earn virtual money, we can jump into the real world.
What I recommend is that you start first with a very small amount of money and second, operate with micros, that is, the smallest possible position. Why? because the step from simulator to real is a relevant step. Suddenly emotions appear. That money is real, it goes into or out of your account. Therefore, start little by little, because if you do it wrong, you will lose a little. If you do it right, you will win a little, but you will always have time to increase your account size and increase your position size. If suddenly you put all the money in a trading account and you don't do it right, you will lose it
Fifth. The decision. We have trained, we have a computer, we have played the simulator and we have played in real, the point comes that you have to decide if this job is for you.
If all the phases have been positive, in simulator you have made money, when you have operated in real with microphones you have started to make money or you start to make money, it is time to decide if this job is for you.
If you think so, it is time to take risks, because this is not a hobby, it is a full time job, and therefore, you will have to quit your job and you will have to start investing for real.
Another recommendation is that you do not stop training. As a trader, I keep training myself every day, I keep learning from who knows more than I do and if I can't find him, I look for him more, until I acquire more knowledge that gives me more security. This is inevitable, and you will have to do it yes or yes.
In short, we need to train, we need a computer and connection, we need a simulator, we need to jump to the real one and, finally, we have to make the decision to continue or not to continue.
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