Best Beginner Market Trading Tips & Rules
If you are just getting into the world of trading, chances are that you’re probably quite intimidated. No, trading is not easy, but this is what we’re here to help you with today. Let’s get right to and talk about some of the best beginner market trading tips and rules that you need to follow in order to be successful and profitable.
Best Beginner Market Trading Tips
What we want to do right now is to provide you with some of the most important beginner market trading tips that you need to know in order to avoid failure and to make money. If you combine all of these tips together, you should have yourself a money-making plan that cannot fail.
VISIT ANDREW’S TRADING CHANNEL
Get a Market Trading Education
Before you even think about market trading, the first thing that you need to do is to get yourself a trading education. The simple reality here is that whether you are trading forex crypto currencies, the stock market or anything in between, it’s not easy to do. Trading is very difficult, and it takes a whole lot of skill, time and knowledge in order to be successful.
Without the right knowledge and the right foundation, you are not going to be successful. Need to know what all the terms are, the concepts and much more including trading strategies in order to make money on the market.
To learn all of these things, you need a trading education. Sure, you could go look for some free tips on YouTube and stuff like that, but the fact of the matter is that you want a fully comprehensive education that starts from the ground up so you know all of the most important things about trading. If there is only one single tip that you were going to follow today, it should be this one. Go learn market trading from someone who knows what they’re doing.
Good Brokers and Trading Platforms
OK, so market trading is not like going to a flea market. You are not physically exchanging any sort of goods in order to trade Forex. The stock market, cryptocurrencies and everything in between. You need to have good trading platforms and brokers. Keep in mind that many brokers double as trading platforms.
The bottom line here is that you need to find a good broker that is ideal for beginners. The fact here is that many brokers charge a whole lot of money for their services, and many have massive commissions too, both things which do not serve beginners with limited capital very well.
If you are a beginner market trader and you only have a bit of money to spend, you obviously don’t want to shell out a whole lot of cash for a big time broker. It is definitely recommended that you do some research into brokering to find one that has low commissions is free to use, and is not going to end up costing you a whole lot of money. The right broker can make a big difference.
Make a Plan & Stick to it
Another important thing that you need to do is to make a trading plan. Once you have all of the necessary knowledge, you can begin to formulate a plan. This means choosing what area of the market to focus on which assets you want to trade at what time of day you want to trade, and of course, what kind of trading strategies that you want to employ.
As a beginner, don’t try making your own trading strategies. There are hundreds of trading strategies out there and they’re all fine for you to use. So go out there and find a few good trading strategies that are very easy to master and then use them. Remember, if you happen to lose a couple of trades, don’t automatically ditch that strategy, especially if it is a time tested and proven one. Stick to proven strategies and you will see results.
Set a Schedule & Set Aside Time
Yes, of course. Market trading requires you to have money, but it also requires you to have time. The fact of the matter is that the most successful traders out there do this full time. They trade anywhere from 6 to 12 hours per day, every single weekday. If you really want to be a successful trader, you need to practice.
You know what they say, practice makes perfect, and the more you practice, the better you will get at it. If you only trade for a few minutes per day, you’re not going to be practicing nearly enough to become better at it. If you want to become a professional and profitable trader, it is recommended that you spend at least two to three hours per day trading.
Folks, that is the minimum. Of course, you do want to trade during the best market hours, so do some research on this front. The bottom line is that you need to set aside a few hours each day that you can dedicate to trading.
Risk & Money Management
One of the biggest things that causes newbie traders to fail is that they just have no idea how to manage their money and their risk. One of the best beginner market trading tips that we can give you is to not blow your money. You need to have precise control over your money or else before you know it, it will be gone. Most important thing that we can tell you here is to never trade with money that you cannot not afford to lose.
If you have $2000 set aside for your mortgage and that’s the only $2000 you have, then under no circumstances should you risk it on the market. Only trade with money that you can comfortably afford to lose money. That will not affect your life negatively in any way, once it is gone. People trading is risky and there’s always a chance that you will lose your money. On that same note, as a beginner, we strongly recommend that you not risk more than 1% or 2% at the most on a single trade.
In other words, if you have $10,000 to trade with, don’t invest more than 100 bucks per trade. This way, even if you lose a couple of trades, you won’t lose all that much money in comparison to your overall trading account. Yes, once you get better at trading and you become more confident then you can start risking a bigger percentage of the overall capital.
Getting a Market Trading Education
What we just want to touch on in greater detail is that if you are looking for a market trading education, there are two great resource is that you should check out one which is for Forex trading and the other one or if stock market trading.
Income Mentor Box
First off, if you want to get the best Forex market trading education around, it is the Income Mentor Box Day Trading Academy that you want to check out. This is currently one of the world’s most popular forex trading schools. It has turned countless thousands of newbies into professional and profitable traders that are now making money.
This course is taught by a man named Andrew A, somebody who you might know from Andrews Trading Channel, as well as from stock trading mentor Box. Andrew is a trader who has been in the business for well over a decade at this point. Not only is he a professional trader who knows what he is doing, but he also makes for a great teacher. Income Mentor Box features over 50 full length lessons. They all come in the form of video tutorials, so they’re easy to follow.
By the end of the 50 lesson course, you should know everything there is to know about Forex trading. Not only do you get a Forex market trading education here, but you also get a free Forex signal service included for free of cost with your membership.
CLICK BELOW TO JOIN INCOME MENTOR BOX AND START MAKING REAL PROFITS!
Stock Trading Mentor Box
If you’re looking for a stock market trading education, then it is Stock Trading Mentor Box that you want to check out. This particular trading school takes the same format as Income Mentor Box. The only real difference is that this one is designed for stock market traders whereas Income Mentor Box was designed for forex traders. Here you get the same great quality education from the same great teacher and all for a very low cost too. Let’s not forget the fact that you get the UPSI indicator included for free with your membership in stock trading mentor box.
CLICK BELOW TO JOIN INCOME MENTOR BOX AND START MAKING REAL PROFITS!
Market Trading for Beginners – Final Thoughts
There you have it folks, the most important market trading tips for beginners that we can provide you with, as well as the best market trading educational resource is that you should be learning from. Stop wasting time and start making money.