Learn to trade the stock market for beginners
Post on: 16 Март, 2015 No Comment
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2C181 /%Hi, Im Pete, share trader and business owner. Welcome to my getting started page. A great place to begin if you have little or no experience in the market and want to start taking the steps to learn to trade the stock markets in a safe, disciplined and mindful way.
Learn to trade the stock markets What it takes!
2C130 /%If you want learn to trade the markets successfully it is essential that you have a good understanding of exactly what the market is and how it works. One thing I always remember my father telling me was, never invest time or money in anything you dont fully understand So i set about educating myself for almost a year before I took the plunge and took a trade.
I would recommend that before you jump in and buy anything, you need to educate yourself to a level where you have a broad understanding of how the markets work and how to read a chart. You also need to develop a good trading plan that suits your style and have strategies in place that controls losses and maximize gains.
I would recommend that you need to learn to trade without money. Paper trade for a while, before you dive in and start trading with money on the line. Before you do anything though,I would strongly suggest you:
1. Learn the 3 basic principles of the market
- Cause and effect
- Effort and reward
- Supply and demand
2. Understand the concepts of
- Bullish and bearish Action
- Strong and weak holders
- Accumulation and distribution
- The smart money and the herd
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3. Learn and fully understand
4. Learn to protect capital by
- Calculating potential risk and reward
- Assessing the viability of the trade
- The importance of a plan
- Setting stops and acting on them
As you can see from this list, there is quite a bit you need to know before you even consider risking your hard earned capital, something as traders we learn to protect at all costs. Capital protection is the no 1 priority!
Chart Reading Skills
2C130 /%I cant overstate enough how important it is to learn and hone your ability to accurately read a chart. This is probably the hardest part when you start to learn to trade, and I often compare it to the musicians ability to read a piece of music. Learn the basics though and the rest will come in time with practice and live trading.
I have 3 videos I have put up on YouTube which I would say are essential viewing and will give you a good introduction to the art of chart reading and the workings of the smart money. Just click on the links below.
Lots of people have emailed me to let me know how easy they have found it to learn from these videos. If you find them useful and interesting, then be sure to subscribe to my channel on YouTube to get notification of new videos as they come out. Feel free to send me an email or leave a comment. Id love to hear your thoughts as well!
The MST Newsletter and FREE Resource Guide
Well I hope that I have managed to provide a bit of a road-map and starting point for you to learn to trade. For me its certainly been an interesting, rewarding and fulfilling experience and something that I continually keep learning about.
If you feel you would like to learn more, then I’d like to invite you to subscribe to my newsletter. The benefit of this is that it is full of exclusive content that you cannot find here on the blog.
Unlike most internet marketers, I don’t sell anything to subscribers on my email list. I only use it to pass onto you information I feel is importance and useful to you. You can unsubscribe at any time, but my promise to you, is you wont be disappointed.
As a thank you for subscribing, you’ll get instant access to my very popular resource guide:
THE 5 DIRT CHE AP RESOURCES I USE TO TRADE THE STOCK MARKETS
(Hint: the 3 best ones are FREE)
This comprehensive guide covers 5 cheap (and free) resources that will save you a huge amount of time (as well as money) having to hunt for them yourself. It has been downloaded numerous times now and proved to be a very popular and great way to get you started on your share trading journey.
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