If you already know about the markets, and you know trading is something you want to do, this series is for you! In this series, we will cover choosing a market to trade, finding a broker, and the 101 of ordering your first trade.
Can I trade at night? – Lots of professionals with day jobs want to trade on the side in the evenings. If you’re willing to find the right markets and exchanges, this can be a great opportunity for profits.
What’s the best time of day to trade? – Traders are busy people with day jobs, families, and lives outside trading. The ideal time to trade is one where markets are active, and which allows time for work, family, and personal commitments.
What do I choose with so many market options? – When you’re looking to choose a market to trade on, the number of possibilities can feel overwhelming. Here’s an overview of good assets for beginners to trade on the forex and futures markets.
What makes forex a good market for new traders? – Forex is one of the markets recommended for new traders, because it has low barriers to entry and is easy to learn about.
How much capital am I required to have to start trading? – Different markets have different legal regulations specifying the minimal amount of capital a trader must have access to. In addition, many brokers have their own mandated amounts.
How much money should I actually trade? – To begin trading, you need to meet legal or broker-mandated minimum amounts in your account. But how much should you actually trade with?
What’s the best way to be a profitable trader? – There’s lots of broad strategies to be profitable, but focusing on minimizing losses is the best one, especially in the long term.
How long will it take me to be profitable? – Especially for new traders, making a profit can be very difficult. It will take at least a year and a half before any new trader can expect consistent profits, but there are some tips to be successful as soon as possible.
Be a better loser: How to handle your losses – Especially when you start trading, you should expect to face some losses. However, even the most experienced traders have bad days on the market. Learning to deal with your losses and learn from your mistakes is one of the most important things you can do as a trader.
How do I get ideas for trades? – Before you can make your first trade, you need to find one that you suspect will be successful. Developing a system to develop ideas for good trades is crucial for every trader.
This article series is a work in progress. Please check back soon for more articles! -The team at BetterTrader.co
