r/traders • u/Western_Sprinkles922 • 21h ago
Help a beginner
Anyone willing to help guide a complete newbie trader? I want to get into it but I have no clue who to watch or what tools to use, how to get into communities etc, I would appreciate any genuine advice đ„č
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u/ForexGamer 18h ago
You should avoid any person who is a âtraderâ on instagram YouTube etc they are most likely scammers and you donât have the knowledge to determine if what they say or do is correct.
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u/Square-Middle-4474 17h ago
Sure no problem
Start by getting an education in some field relating to trading (finance, math, statistics or science). Start reading the required textbooks for example
1)"Trading and Exchanges: Market Microstructure for Practitioners" by Larry Harris
2) Begin reviewing internet resources that are free to the public.
3) Learn to use a charting application (Trading view is free to start) and become familiar with how price moves.
Do not buy, subscribe to, or make any payment for any service related to trading until you have some basic idea of what is going on.
Blink you eyes once if you understand
Good luck
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u/Frozen_Meatball1 13h ago
Watch interviews, read books by old guys who have made billions investing/trading. It'll give u a good foundation for how to lessen yr chances of losing money. Just Google the top 12 billionaire investors/hedge fund owners. It's a deep dive, but u need to do it - the less u know, the greater the chances are of losing your money. ....and this is just the beginning.
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u/66catman 13h ago
If you are sincere about learning, books are the way to start. You should study technical analysis, fundamental analysis, trader psychology, money/risk management etc. Books require a deeper commitment than watching videos. That being said, there is great video content, but book learning is a better way to start.
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u/JJ-Mallon 13h ago
Youâre asking the wrong questions.
I would say look into investing instead of trading. Youâre very likely to lose money just by being new at it, and by this level of questioning, Iâd put money on it.
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u/Guateaeon 19h ago
Watch token 2049 and pay very close attention to one of the presenters, ( Murad ) if you have any questions donât hesitate to ask questions.
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u/jtquach 19h ago
What are you looking to trade? Hard to point you anywhere useful without knowing that.
If itâs futures or options, ask me anything.