In this article i’m going to explain everything you need to know about how to start trading. I will explain to you how to build a plan, understand the markets and this blog contains a lot of free information about the different tools you can use to help you in your trading. Let’s get started!
How to start trading – the best place to start!
The best place to start in understanding how to start trading, is to ensure you have a broad understanding of the financial markets, and how they work. To get you started with this, i’ve linked below a video I posted for beginner traders, explaining how the markets work and how to read a stock chart:
OK, so now that you understand how markets work and how to read the charts, the next step in understanding how to start trading, is that you must also put together a trading plan. The trading plan article i’ve linked below, is based on ‘technical analysis’ but you may wish to be a trader who focuses on fundamental analysis. I’ve linked below another article examining the difference between these methods of trading:
I’m now going to share with you, my key article on how to create a trading plan, but you can tailor this to include parameters based on ‘fundamental analysis’ instead of ‘technical analysis’ in order to suit your preferences. Here is the key article I published, on how to create a trading plan:
In the trading plan article, I outline they key steps to help you create and execute a trading plan, including risk management, a trading strategy (this is where you decide what method will determine how you will decide to enter each trade), and risk to reward ratio.
Risk management is an extremely important topic and you must understand this and how to use leverage and a margin account, before you commence trading so in light of this, I also recommend you read the articles on this section of the blog:
Risk Management – Trader Pro – Learn how to Trade the Stock Market
In particular, I recommend you read one which outlines how to manage risk, and also, explaining what leverage and margin is:
How to manage risk – make money trading – Trader Pro – Learn how to Trade the Stock Market
Once you have understood the basics about how the markets work, and you now understand how to create a trading plan and manage it with proper risk management, and you understand how to avoid getting a margin call, you will be in a good place to start trading. You can also see the key technical indicators I recommend, on this blog, by reviewing my ‘chart analysis’ page. This shows you a real trader applying technical analysis to the charts and the idea of this section of the blog is to show you how you can apply this analysis in exercising your own due diligence before entering trades, and build this type of technical knowledge into your own trading plan, and journey.
I would like to wish you the best of luck on your trading journey!
I hope you found this article helpful.
Disclaimer!
Nothing on this blog should be taken as financial advice or encouragement for you to enter a trade. You are expected to speak to a financial adviser or carry out your own due diligence before entering any positions. Everything on this blog is made for educational purposes and to equip you with the knowledge you need to be able to make your own financial decisions.
For more great tips and advice on trading the stock market, please visit:
To watch me trade live please visit my patreon page here:
https://www.patreon.com/Traderpro8320
Finally, if you would like to receive a discount on the Trading View charting software I use, please click on the relevant link here:
https://www.tradingview.com/?aff_id=117138
Please note any subscriptions taken via my affiliate link with Trading View may result in me earning a small commission. However, I provide complete transparency on me using Trading View personally – I publish my success on the financial markets via my broker reports and any profits earned were done so by using my own Trading View subscription, so I genuinely do recommend them and have been using the Trading View charts for many years.