Free training of a stock trader
Free training in trading is necessary for everyone before starting exchange activities. On the Internet, advertising encourages you to engage in trading. Gradually, a person begins to think, why shouldn't he do it, because there you can earn a good amount of money. But is it? Almost all beginners do not know where to start and therefore begin to draw all the information from YouTube.com videos. But after a few hours they quit this business, since many terms are not clear. And therefore, questions often arise: is it possible to learn trading on your own without having a special education, and also how long will it take to learn.
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Who is a trader and what qualities he should have
A trader is a specialist who is primarily engaged in trading securities, namely bonds, options, stocks, etc., as well as currency on the stock exchange and foreign exchange market.
The name of this profession comes from the English word "trader", which means a trader. The essence of the work of this specialist lies in the analysis of the current market situation, as well as in the conclusion of trade transactions to obtain maximum profit.
In addition to the fact that a trader must have an analytical mindset and a penchant for mathematics, a real professional must have such personal qualities as:
- Purposefulness
- Excellent memory
- Self-discipline
- Ability to manage time
- Stress tolerance
- Striving for self-education
- Ability to concentrate attention
- Developed intuition.
Is anyone able to trade?
Before doing this business, you need to ask yourself the question: "Am I capable of becoming a trader?" You need to understand that in order to become one you need to study a lot, constantly improve yourself, have enthusiasm, etc. You should also know that it is impossible to make a million dollars in just a few weeks.
If a person is currently working not because he likes it there, but because it is necessary, then he is unlikely to be able to work in this area. Also, if he does not strive for self-development, and career growth is not important for him, then at the slightest difficulty a person will give up.
But if a persistent and purposeful person, knows and is sure that he will cope with any difficulties, sets goals for himself and does not look for excuses for himself, but tries to find a solution, then you should engage in trading.
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Learning to trade from scratch: where to start
Learning to trade is not an easy task and when starting this process you need to be patient. You need to create your own training plan, stick to it and devote several hours a day to your training. First of all, you need to learn professional slang in order to understand what experienced traders are talking about. And you should also study all the literature.
After having studied all the literature, attended various seminars, courses, listened to a huge number of webinars and decided that it was time to start trading on the Forex market, then it was necessary to choose a broker. A novice trader should trust only those people and resources who have been working in this market for several years.
After that, you need to choose a trading platform. In addition, it should be remembered that learning to trade for beginners includes trading on a demo account. This will help you to experience first hand what the Forex financial market is. Such an account will help you learn how to use the trading platform. Be sure to ask questions and communicate on various forums with other traders.
What are the ways to learn how to trade?
Some start reading books, others sign up for various trainings and seminars. And many begin to trade right away and believe that they will figure it out in practice and they do not need theory. Today, there are three ways to learn how to trade.
Self-study: This means reading books, various articles on the Internet (trust only reputable sites). A certain terminological minimum is required in order to further understand what is said in the videos. It is necessary to devote at least 2-3 hours a day to this.
Full-time training: This method is only suitable for residents of large cities. The essence of this training option is that individual or group lessons are held in the office, a professional trader teaches the material. The disadvantage of this training is that it is not always possible to agree on a schedule of classes.
Online training: Now a large number of companies are posting training videos in the format of webinars. This is very convenient, since a person sits calmly at home and can listen to the information again at any time. It is advisable to listen to several webinars, since there you can ask questions to the teacher in the chat.
Can you learn to trade from scratch on your own?
In fact, you can learn this yourself and you do not need to give a decent amount of money for the teacher to provide information that is publicly available on the Internet. After all, there are no secrets that are known only to the best traders. In order to trade on the stock markets, you do not need to receive a special higher education. After all, there are a huge number of free courses and seminars on trading. The main thing is not only to be able to find the necessary information, but also to dispose of it correctly.
Organize all the training yourself. A person who is not capable of this is unlikely to be able to quickly respond to a rapidly developing market and make the right decisions. It is necessary to study new information and engage in self-development every day in order to achieve good success in this area.
Learning to trade: face-to-face training
Today there are a huge number of courses offered by experienced traders. Now you don't have to go somewhere to listen to a lecture. Since now it can be done online. Video courses can be either paid or free. The advantage of such courses is that you can plan the time of classes yourself, and you can also watch the video at any convenient time. Some traders conduct online training and offer tasks that you need to master on your own.
Free training in trading from scratch: courses and seminars
If you don't want to spend your money on various courses, then there are videos. On the Internet, you can find a huge number of different videos where experienced traders talk about where to start, which sites should be trusted and which should not, and a lot of useful information. In addition, you can go to the sites of well-known companies that teach trading. There is a chance that a professional in this business will read a free seminar in your city or online. You can ask other traders on forums or social networks where you can find a free course.
What mistakes should you avoid?
A large number of newcomers to this business begin to make mistakes from the first second. Namely:
- They start trading without any knowledge base.
- They have a lot of self-confidence and are in a hurry.
- They start trading intrastate. But this is difficult and not accessible to everyone.
- There is no reliable trading plan.
- Have too many open positions.
- Maintain a long unprofitable position.
Because of such mistakes, beginners in this business instantly lose all their savings. That is why you should avoid them and approach trading quite seriously. After all, this is not a game, but an intellectual, highly profitable business that requires a lot of knowledge in this area and certain material investments.
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What is the Difference Between Forex and the Stock Market
At the moment, there are several differences between Forex and the stock market. For a long time, you can see advertisements on the Internet that good profits can be obtained by trading Forex. The stock market can also make a decent amount of money, but it is not as popular. And why? Below are the differences between Forex and the stock market.
- Mode of operation. Forex works around the clock, but the stock exchange from 10:00 to 18:00.
- Risks. It is minimal in the stock market. Here you can lose no more than 20% of your capital. But the risks in Forex are very high.
- Market entry. When trading Forex, your transactions remain in the dealing center, and they do not go to any exchanges. And due to the merged clients, Forex dealing centers receive good profits. The stock broker is just an intermediary between the trader and the exchange. And for this they receive a small commission from the transaction.
Learning to trade is not quick and you need to constantly engage in self-development. The beginner will have to face various difficulties. But gradually he will learn everything and start making good money. As you can see, you can even learn to trade on your own. The most important thing is your desire and patience, and then everything will work out.
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