If you’re looking to get started with day trading or you’re already a trader, keep reading because, in this article, I will explain what you need to learn to start a successful trading journey.
P.S. I have a little surprise for you at the end of this post, so keep reading 🎁
Why should you start trading?
Online trading is one of the few online businesses that can help you achieve complete freedom. You can do it all by yourself, you can set your own schedule, you can do it from anywhere in the world and technically there is no limit to how much you can make.
But trading is not an easy job and just like in any business, you need to have the right knowledge and strategy to become successful at day trading.
How to get started?
First, you need to get properly educated. Day trading is a business that allows you to turn your knowledge into money.
No knowledge = no results.
The best way to learn day trading is through professional courses. I wouldn’t recommend learning from YouTube & Google or watching some cheap $20 courses.
Cheap training = cheap results
The problem with free online resources is that most of this information is either extremely basic or the information is incomplete and not structured. As a beginner, you don’t really know what you need to learn. There is so much information out there that you simply get lost. What is more, 90% of that information is completely useless or wrong.
If you try to piece all of that information together by yourself, it will take you YEARS of research and you will most likely end up losing thousands of dollars testing what works and what doesn’t.
What is more, the financial markets move in cycles. It has a tendency to change over time. The problem that self-taught traders often face is when they finally develop a strategy that works, the market enters a different phase and their strategy no longer works.
I used to be one of those traders. I did not have money to invest in my education, so I tried to learn from YouTube and Google. I spent about 2 years trying to educate myself like this but in the end, I still had to purchase paid training programs because I kept losing money. I lost close to $20’000 trading with the knowledge I gained from YouTube.
Trying to educate yourself is a long and painful process and I do not want others to make the same mistake I did. You want to learn from somebody who knows what they are doing. Because as a beginner you do not know what you don’t know. If you try to teach yourself, you will make a lot of mistakes and every mistake costs money in this business.
It doesn’t matter if you choose to learn from me or somebody else, just make sure to learn from a professional. Better to do it right or don’t do it at all.
What is the best way to learn to trade?
The best way to learn day trading is through paid, professional online courses. But please remember that not all paid courses are good. Social media portals are full of “traders” showing off their “lifestyle” and often people forget that what truly matters is the value that a coach can provide, not the lifestyle he advertises.
What is more, learning ONLY from pre-recorded videos is not practical and it has its limitations. You want to be trained by a coach that will also communicate with you personally and assist you whenever you have any questions or need any kind of assistance.
Here’s what a good training program should teach you:
(Keep in mind that you MUST learn ALL of this)
- What day trading is and how the financial markets work.
- How to perform proper market analysis – both technical and fundamental. Market analysis will help you determine when you will enter and exit trades. It is THE most important and difficult thing you will have to learn and it will take some time until you get it right.
From Fundamental Analysis you should learn how Macroeconomic data affects the financial market in the short-term and the long-term; how to read the economic calendar and keep track of scheduled news events; how to work with macroeconomic indicators; how financial news affects the market; how to analyze the financial data of different types of assets & other.
From Technical Analysis you must learn how different types of price levels impact market supply & demand, how to analyze market structure, price ranges, trend structure, and trend stages, how to use psychological, mathematical, and dynamic price levels, which indicators to use and most importantly – HOW to use them properly, how to work with chart & candlestick patterns, how to spot a short-term and long-term trend change, how to find trade confirmation signals and most importantly how to use all of the above-mentioned tools & techniques in confluence to find high probability trade setups.
- How to design a system that fits your trading style and your personality. There is no such thing as a strategy that works for everyone. You need to design a system that works for YOU. A proper course/mentor will help you with that. You should also learn how to backtest your system on past data to see if that system really works.
- How to create a system for risk management. Trading, just like any business, involves risk. However, smart traders use specific methods and tools to control and manage risk. You should learn how to control your risk levels, master the concept of Risk Per Trade and Risk-Reward, you should also learn how to adjust those based on your win rate. When you have the correct system for risk management it will impossible for you to ever reach a state of total loss unless you break the rules. Without a risk management system, it is impossible to achieve consistent results.
- How to maintain statistics and analyze your performance. Keeping statistics, journaling your trades, and analyzing your past results is a crucial part of trading. You need to have a clear system in place to keep track of your performance to be able to find the advantages and flaws of your strategy. This will determine your long-term success and help you maintain consistent results. Keep in mind that the trading journal needs to contain lots of different metrics such as the average win rate, avg. win RR, avg. loss RR, drawdown statistics, max consecutive losses & wins, and more.
- How to maintain a positive trading mindset. This involves having fixed rules in place to help you maintain discipline, avoid overtrading, emotional trading, revenge trading, deviating from your system, etc.
Of course, this is just a fraction of what a professional training program will actually teach you. But if you master all of the things I mentioned above, you will be on the right path to trading success.
Two years ago I created an extremely advanced training program that contains all of the things I mentioned above and much more. It is suitable for complete beginners as well as experienced traders.
What is more, ever since I launched my program 2+ years ago, I haven’t received any negative reviews from any of my clients. I believe that says a lot about me and my learning content. You can see my reviews on Trustpilot.
If you’re looking to learn online trading on a professional level, master each and every element of a winning trading plan, and design a rock-solid system that will help you gain consistent trading results, my “Online Trading Bootcamp” is the perfect program for you.
I work with my students personally and I’m always there to provide assistance whenever it is needed. I will make sure that you truly understand what I’m teaching and that you are truly well-prepared before you get started with live trading.
Press HERE to learn more about my professional training program
🏷️ If you’re looking to join my team this week, you can use the purchase code “WELCOME20” to get 20% OFF
What’s included?
✅ Complete A-Z trading course
✅ 100h+ of educational videos
✅ 1-on-1 mentoring with me
✅ A community of traders
✅ Direct support
& more
This program will teach you everything you need to know to become successful at scalp trading, day trading, swing trading as well as long-term investing. 🧠
You can use this knowledge to trade any market of your choice – Stocks, Futures, Forex as well as Crypto. ✅
NO PRIOR EXPERIENCE REQUIRED
