Complete Beginners Course to Trading

Step 1. Educate Yourself:

- Begin with online resources, books, and introductory courses on financial markets. The best
places to do this are on YouTube and BabyPips (School of Pipsology).
- Familiarize yourself with basic market terminology and concepts, and use chatGPT for
definitions.
- It's a good idea to explore educational platforms and join trading communities to connect
with and learn from experienced traders.

Step 2. Choose Your Trading Style:

- Research and understand different trading styles (day trading, swing trading, long-term
investing, Scalping, etc).
- Each of these requires a specific personality type, so select a style that aligns with your
goals, personality, and time commitment.
- If you are impatient I’d recommend a short-term strategy, if you don’t have much free time I’d
recommend a long-term strategy.

Step 3. Create a Trading Plan:

- Outline your goals in terms of finances, how much you want to be making, and by when.
-Determine your personal risk tolerance, how much are you comfortable to risk losing? (1%, 2%,
0.5%)
- Once determined you can look for a plan that aligns with these goals
- Specify how you want to enter and exit your trades (market orders or limit orders, predefined
SL and TP or flexible targets), what is your position sizing, and most importantly what are your
risk management rules.
 Step 4. Start with a Demo Account:

- Open a demo account with your chosen broker. (My favorite is ICMarketsLive and MT4)
- Practice executing trades, testing strategies, and becoming familiar with the trading platform,
this is just to get experience, don't expect to be making money at this stage (although some of
you might see profit)
- You want to use the MyFXBook lot size calculator to calculate the right lot size for your risk.

Step 5. Understand Technical and Fundamental Analysis:

- Learn the basics of technical analysis through online tutorials and courses, and once again
use YouTube and BabyPips. (It took me ages to learn through these, so if you want it all handed
to you and skip this stage, read the bottom of the page)
- Familiarize yourself with fundamental analysis by studying economic indicators, financial
reports, and informative videos.

Step 6. Risk Management is Key:

- Determine a small percentage of your capital to risk on each trade, I suggest anything
between 0.25% and 2%. Remember the less you risk the longer you can take losses without
blowing your account.
- Always utilize stop-loss orders to limit potential losses.
- Something you ought to know:

Step 7. Stay Informed:

- Set up a routine for staying updated on market news and events. A good place to do this is
ForexFactory.com.
- Check what the week's news events are going to be before every trading session.
- Use financial news websites, economic calendars, and market analysis tools.
 Step 8. Keep Emotions in Check:

- Stick to your trading plan and avoid making impulsive decisions.

Step 9. Review and Learn from Your Trades:

- Regularly review your trades, analyzing both profitable and losing ones.
- Identify patterns, learn from mistakes, and adjust your strategies accordingly.

Step 10. Continuous Learning:

- Stay engaged with ongoing education, explore advanced trading concepts, and keep up with
market trends. This doesn’t mean consistently jumping strategies because that's a surefire way
to never be profitable, but be adaptable.
- Make sure to adapt your strategies as needed based on your experiences and the evolving
market conditions.

This is just touching the surface of trading, If you want me to teach you how to actually become a
profitable trader, you can join my $400 Essential Education Program.

It's at a huge discount from $400 down to $97 at the moment because I want to get a couple more
people on board so you can help me improve the program.

If you choose to buy now, you will be grandfathered in, meaning you will always get the latest improved
versions at no extra cost.

Spots at this price and they’re going quickly, so if you don’t want to miss the chance to join for only $97,
click here.