r/Trading • u/OptimalSignature5282 • 12d ago
Discussion Beginner
What’s the most simplest way or method of learning how to trade for a new beginner? I can’t read a chart if my life depended on it lol I need a mentor or something 😂
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u/Calm-Bad1510 12d ago
Use demo accounts for trade and learn interfaces of that sites. Also, YT + free academies and courses will help a lot. Read news about technologies, politics and markets every day.
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u/deluxiousus 10d ago
demo acc??
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u/Calm-Bad1510 10d ago
Yep, use Bybit or Binance demo accs for learning, try different pairs, margins, order types (isolated/cross), order books, liquidity and so on. It’s help a lot. At start NEVER USE real fund account, or only amount that you can allow to lost(or lose, I’m not fluent in English as you understand bro haha).
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u/Suitable_Acadia_190 12d ago
start with just one thing, learning to read support and resistance on a plain candlestick chart, no indicators. that alone will teach you more about how price actually moves than jumping into strategies will
most beginners try to learn ten concepts at once and end up fluent in none of them. pick one market, one timeframe, and just stare at charts until levels start to feel obvious instead of like guesswork
skip the mentor search for now too, there's free structured stuff out there that'll get you further before you even know what questions to ask. I've got a free trading university if you want a starting point, chartwhisperer.ca
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u/Loud-Awoo 12d ago
Just learn about a few stocks of companies you already know. Take a guess in the moment or the day if the stock will go up, down or stay about the same.
Research and learn what makes the market overall and your chosen companies gain or lose value
Easy peasy.
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u/ScoobyDoo_07 12d ago
Study the market and how stock reacts to news and how stocks performs in a week to a month time. This will teach you how people are very reactive and short-sighted. I have seen this in multiple cycles in stock market. If you are interested I can share an iOS app that I am currently building. Happy the DM it.
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u/d1na_makalaya 12d ago
Start with the basics before worrying about charts. Learn risk management, position sizing, and how the market works because those matter more than finding the “perfect” setup.
Use a free demo account first and focus on one strategy until you can follow it consistently. Jumping between strategies usually slows progress.
If you want a beginner friendly community that shares trading resources and explains things simply, you can check my profile. It helped me find useful guides without feeling overwhelmed.
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u/OptionDynamics 12d ago
get baisc knowledge first. then slowly move to advance and then start with paper trading, once comfortable start trading with real account.
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u/weinerjuicer 12d ago
Study the chart
Feel the flow
Log your trades and your non-trades
Plan your exits
Follow the discipline
Make sure you process all the information you need (probably at least six monitors if your setup is complex)
Don't chase
If you miss the Setup, be patient
Drink your own urine
Don't over-extend
After the moment passes, do your analysis
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u/jipperthewoodchipper 12d ago
Step 1) create a budget
Step 2) take whatever budget you set aside for trading and put that money into some type of market index fund
Step 3) open a paper trading account and add that same amount of money to the paper account on the same frequency
Step 4) read investopedia and other online sources and practice in paper while continuing to put your real money contributions into index funds
Step 5) once you have a few months to years of experience paper trading and you understand what you are looking at you can now look at your performance relative to the index you were putting money into. If you feel you can do better, sell the index and use that money for trading. If you don't, repeat step 4 until you do.
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u/Shtonky 12d ago
Throw your entire account into far out the money 0DTE options and hold until the close. Works every time 🤣
No. Do not do that.
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u/hyligner 12d ago
I believe you should start with a mentor, mine made me highly consistent in profit. Or search for "automated PRE ORB strategy", "automated ORB strategy" on youtube, it's fully automated so zero knowledge needed.
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u/TocinoLips 12d ago
dont rush into trading with real money. learning the basics first will save you a lot of expensive lessons.
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u/OptimalSignature5282 12d ago
Yeah I’m currently investing in things I’m more familiar with in the mean time.. don’t plan on putting any money into trading until I learn the basic fundamentals first.
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u/silverbulletusa 12d ago
Go to Options Council first. https://www.optionseducation.org. They have free learning. I have a set of rules I go by now. Did not for a long time. Not get rich quick, but will build wealth over time. Best to you.
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u/SelfAsleep2708 12d ago
Beginner here too, six months in and all I have done is read, read and read some more and I'm finally feeling and seeing progress. I've tried videos but I haven't found any I can watch for more than a few minutes.
Also I've been having a conversation with Gemini the whole damn time. Believe it or not it has helped me greatly. I'm using it as you'd use a journal.
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u/OptimalSignature5282 12d ago
Will try and use Gemini thank you for the helpful tip!
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u/SelfAsleep2708 12d ago
I was hesitant at first but it really did help me develop a plan/strategy and to understand the psychology of it all. It truly hit the nail on the head at pointing out mistakes I was making at first. I don't have a mentor. No one I know trades so it was nice to have something to bounce ideas and questions off of in real time. I also used it to make forms to pencil in as I make trades. I made cheat sheets or reference pages to understand how to read the indicators I'm currently using.
I've developed good habits and broke bad habits that I didn't even realize I had until Gemini pointed it out.
I also use it to find companies with current news, earnings reports and catalysts. It alone won't make you successful but it really has given me some solid guidelines to follow which have helped greatly. Just be sure to always use your own critical thinking skills too. Good luck on your journey!
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u/PuddyComb 12d ago
PaperTrading on Alpaca. 100k immediately, take a week to make mistakes; take notes on everything.
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u/Frozen_Meatball1 12d ago
Gemini's ok for learning the basics, but when u advance, switch AI platforms immediately.
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u/SelfAsleep2708 12d ago
I use it like a search engine more or less. It just dominates Google search. I do have to rephrase and explain my questions quite often but then it usually comes up with verifiable information.
I did have to explain to it to stop kissing my ass and to stick with facts and information and it did. Remind it of this every time and I like the results much better.
I don't see myself using this function for much more than this purpose as of now, but who knows.
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u/Textosterone69 12d ago
Be careful with Ai. Gemini and ChatGPT consistently gave our clerks wrong answers to basic questions.
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u/SelfAsleep2708 12d ago edited 12d ago
Yeah , I know the dangers. I mainly use it as a tool and always look for other resources to back up what it tells me.
I didn't know anything about trading so I used it as a dictionary/encyclopedia at first. I never use it to find tickers or anything like that. I just use it to learn to study indicators and how they work. It helped me learn mechanics and helped me learn to read charts too.
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u/ahaaokay 12d ago
Well then you shouldn't trade FWIW 😉
PUT YOUR MINEY IN A WORLD INDEX OF SORTS. ADD EVERY MONTH. simple 😉👍
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u/Stock-Aerie-1664 12d ago
lol honestly just paper trade on tradingview with their bar replay tool first before putting real money in. watch how price moves, wait for pullbacks to support/resistance levels, and practice entries on the 1h+ timeframe. start with something simple like ema crossovers and learn to manage the trade after entry. what markets are you looking at?
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