Post
Topic
Board Trading Discussion
Re: Trading as a newbie - advice?
by
SamReomo
on 23/07/2023, 03:51:54 UTC
Hi I want to get into trading and just wondering if anyone has any advice on how to get started?

I am not expecting big things straight away but want to at least learn the basics.

I have been looking online for a book to buy to start things off does anyone have any recommendations?


If your main intention is to learn the basics of trading then I recommend you to watch some YouTube videos as those can be more helpful then the books you are trying to purchase. A human learns far better from moving images with sound rather than with text and images that a book provides, and fortunately these days there are a lot of those videos available on platforms like YouTube for free of cost.

If you are new to trading then I recommend you to be careful when reading and following those books because a true trader doesn't rely on the experiences of the other traders, but works on his/her own strategy and makes a trading plan that would work in different conditions of the market. My advice would be to go with a demo trading account, and do some trades using a demo account.

I recommend you to learn about indicators like RSI, Bollinger Bands, and Moving Averages because those technical indicators are very important for a trader and if someone who know how to use those indicators in a good way then that person can have quite good trades without any doubt. The most important indicator for newbies would be RSI because that indicator is easily to master and it can be very helpful in trading.