5 Tips For Beginner Day Traders

Рет қаралды 2,594

Ай бұрын

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Join us on 3rd of July for an in-depth webinar where Richard will explore the top five essential tips for new traders. He'll cover how to start with the basics, effectively using a candlestick chart, and gradually building your knowledge. You will also discover the importance of experimenting on a simulation (sim) to understand trading dynamics without the pressure of real money and how to practise risk-taking, finding a market that suits your style, and developing a structured approach to trading.
Don't miss this opportunity to boost your trading skills. Sign up for our webinar on 3rd of July now!
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Пікірлер: 6

@AxiaFutures Ай бұрын

@dupersuper1000 Ай бұрын

I would add one more tip: trade each day of the week on a simulated account, and one day using real money with a very small account if possible. For me, this was helpful for making the transition to trading real money. The psychology is different when you trade real money, and my advice is to add “real money days” to your week as the difference between paper trading and live trading heavily diminishes. This helps you get less anxious when trading real money, and it kinda makes you take the paper trading days more seriously.

@revamp2245 Ай бұрын

Ive been doing this for a long time now using micro lots on the live and std lots on the sim and gauging what are realistic potentials and learning what market movement is and what is actually a move in regards key timings/levels. Realising when to hold and when to cut..the only factor is i think the fill sizes on a demo doesnt represent actual active participation at those key timings, bid ask being shifted at key levels etc..but overall this is good advice and it has been working for me. I am engaging in an index a currency and metal so far and realising how they correlate with one another. Thanks for the advice and I look forward to more vids as it seems this is becoming a full time thing for me; and im really enjoying it.