Hello everyone!
I have recently become interested in trading, and I want to learn how to get started. The idea of buying and selling stocks, forex, or cryptocurrencies sounds exciting, but I know that it can also be risky. Since I am a complete beginner, I am looking for simple and safe strategies to start with.
What I Know So Far
I have done a little research and learned that trading means buying assets (like stocks or currencies) at a low price and selling them at a higher price. There are different types of trading, such as:
• **Day trading** – Buying and selling within one day.
• **Swing trading** – Holding trades for a few days or weeks.
• **Long-term investing** – Holding for months or years.
Since I am new, I want to start small and avoid big risks.
My Questions for Experienced Traders
If you are an experienced trader, I would love to hear your advice! Here are some questions I have:
1. Which beginner-friendly strategy should I start with?
2. What are the best tools and platforms for beginners?
3. How much money should I invest when starting?
4. What are the biggest mistakes I should avoid?
I appreciate any tips you can share! If you know good books, YouTube channels, or websites for learning, please let me know in the comments.
Thanks in advance, and I hope to learn a lot from you all!
Learn "Technical Analysis". Basically, it's the art and science of understanding patterns, riding momentum in price movements and mastering market psychology.
I wouldn't encourage scalping /day trading though. It's a waste of time, unless you really get good at it. Better research more about the assets you're looking into investing. This is what they call Fundamental Analysis. If you understand what exactly you are buying and you think it is undervalued, then you'll be good.
Better never start trading. Most people loose money with that strategy.
https://www.newtrading.io/is-day-trading-profitable/
Better invest longterm like Buffett. Doesn’t sound that fancy but is much more efficient.
Hey hab gesehen dass du einen Podcast hast. Cool werde mal reinhören! Danke für dein Kommentar, hast du selbst auch getradet? Oder ausschließlich investiert?