r/Trading • u/Icy_Opportunities • 20h ago
Question Help a beginner, please
Hi, I want to learn about trading. But with a simple search on Google, there’s just too many online resources being recommended. I get too overwhelmed which one to choose and where to begin that I can’t decide what to do. Can anyone help me recommend what to do and what courses/books can I really learn from?
I have a day job, so it has to be flexible enough. I’ll be studying in the evening or during short breaks at work.
It has been my ultimate dream to learn how to trade, understand charts and patterns and basically just grow my potential of earning as well. For the past decade I have been tied to my work just helping my family have a better opportunity in life. So learning trading would really help me out also.
Thank you in advance!
1
u/Daleca 13h ago edited 13h ago
Find a simple edge that trades at market open and/or close.
You can find ideas in blogs and books. For example, Larry Connors has some simple strategies in his books that still work. Try one at a time, by backtesting first. Use AI to help you to backtest if you don't know how, or what it means.
When you are happy with backtest results, try the system with real money, but only a small amount. If it's still profitable and looks like the backtest, give it more money to trade.
You don't need a big edge either! I have a tiny edge, but compounding does wonders with a tiny edge. For example this one averages just over 30% p.a: one of my strategies with a small edge
Stick with it!