Learn Trading: From Complete Beginner To Pro
First Published date: 29. November, 2022Last Updated: 29. November, 2022Fact-checked by Adrian Müller
While trading can be highly profitable, it takes time and can only be learned after a while. It is a risky endeavor, and mastering it requires knowledge, practice, and patience. If you are a beginner just starting, you’ve come to the right place! This guide will be all about how you can learn trading.
Learning to trade is challenging. Any person can learn online. But doing it the right way is what you should focus on. Knowing which courses to take, what information is important, and even what mentors you should choose. All these questions are necessary to ask for those who are learning to trade. If you’re a beginner, this guide is for you.
Table of Content
How Can I Learn To Trade Properly?
A trader is knowledgeable and acts smart. That’s why if you want to become a trader, you need to learn about the markets constantly, new tactics, analyzing, how to trade the news and all the beginner to advanced strategies. Courses are the best way.
The best part of it all is that you can easily do it with some determination. Trading can be very profitable; successful day traders can make over $80,000 a year. Some successful traders can rake in more than that.
But here’s the thing: when it comes to trading, you never stop learning. It’s a dynamic market, and that’s what makes it exhilarating. However, there are some things you can do to learn to trade and become a professional. Taking online courses is one of the first and most effective methods.
Award-Winning Trading Brokers:
Rating:
Regulated By:
FCA, CySEC, ASIC, FMA, FSA, FSCA
CySEC (EU), FCA (UK), ASIC (Australia)
BaFin, FCA
Demo Account:
✔ Free
✔ Free
✔ Free
Live Account:
$100
$200
0
Spreads From:
Variable from 0.5 bps
Variable from 1.0 bps in EUR/USD
Variable from 0.4 bps
Selection Of Instruments:
2000+
1000+
17.000+ (FX, Stocks, CFDs, Commodities and more)
Support:
24/7
24/7
24/7
Payout:
1 – 3 Days
1 – 3 Days
1 – 3 Days
79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Take Online Courses
A well-designed online course will give you one of the most important things you need to succeed as a trader – in-depth knowledge. As we mentioned earlier, you never stop learning as a trader. But courses are great and are a great introduction as they’re very digestible for beginners.
It’s possible to start trading right away. But then you’ll be tumbling left and right, trying to figure out the right strategies and markets to trade and to learn the trade itself. You’ll be doing it the hard way.
While a single course won’t make you the most successful trader in history, you won’t have to go through all the mistakes yourself and potentially suffer considerable losses.
A site with high-quality online trading courses will teach you the basics and even some advanced strategies, terms, and how trading generally works. You’ll be able to learn fundamental concepts about how financial markets work, forex, crypto, and even strategies that work best.
Ask anybody who’s been a trader for a while, and they will tell you how vital the right strategy is – they make or break your trades. Good online courses equip you with the tools and, more importantly, the knowledge you need to succeed as a trader. Even as a beginner.
But the beauty of online courses for trading is that you don’t have to be a beginner to take advantage of the course. Online courses on trading are beneficial even if you’re experienced. You can enroll in advanced courses to see how the big leagues work.
That’s why courses are one of the best ways to learn how everything works, including which market to choose and the best strategies. A good course will also train your brain to think like a trader.
It gives you essential knowledge about the basics, like how the market works and even what markets to trade. We have an entire in-depth section coming up on choosing the right market.
With a comprehensive course, you can learn critical things like risk management and trading performance monitoring.
Trading With A Demo Account
Let’s say you’re taking some courses and learning a lot, and you feel you know enough to start. But you’re still a bit nervous. Don’t worry, as you can learn trading with a demo account.
A demo account lets you trade with paper money. It’s fake money, and you won’t be trading for real. But it’s an excellent way to dip your toe into trading without spending any real money.
You can use some of the things you learned from the courses and put them into practice. You’ll find a lot of traditional and popular trading platforms have the option of opening a demo account.
You can hone your strategy and even get some hands-on experience. You’ll be more comfortable when you’re trading for real as well – one of the reasons why many traders quit before they gain enough experience.
What happens is that they learn some basics of trading and start feeling like it’s easy. But as they get deeper into the weeds, they might find out it’s not that easy. There can be two reasons for this. They don’t have enough practice and or knowledge.
Well, the knowledge part can be solved by taking some online courses. Choose the right course and get practicing. Since there are a lot of courses out there, you should read some trusted online trading course reviews to filter out the ones that are not scams.
Learning The Advanced Basics And Strategies
Learning the basics will be fairly easy. They’re pretty straightforward and factual. However, they’re still necessary to start your journey as a successful trader. But you’ll also need to learn the advanced basics and more complex strategies.
Another thing that online courses like the ones in Trading For Beginner can do is teach you how to teach yourself. You might need help figuring out where to start when you’re ignorant about a topic.
But when there’s a solid foundation, you can rely on that to teach yourself more advanced tricks and strategies. You’ll be able to learn new strategies and evaluate what’s working and not working all by yourself.
By learning the advanced basics, you can determine which new opportunities you want to explore, what markets interest you, and things like that.
Taking courses conditions your brain to think like a trader. It gives you the tools to learn to trade, grow, and become successful. A course from a reputed site like Bulls on Wall Street can be helpful.
Is Learning To Trade Hard?
The short and honest answer is yes. Trading takes a lot of work to learn. But it’s not impossible. Learning to trade is hard in the same sense that riding a bike is hard for someone who has never done it. They’ll fall and lose their balance. But with enough practice, they become better at it.
Before long, riding a bike becomes muscle memory. While trading doesn’t become ‘muscle memory,’ you can learn to trade with time, dedication, and practice.
Then there’s the whole discussion about structured and unstructured learning. Let’s go back to our bike-riding example. If someone is learning to ride a bike alone, it might take them longer to learn.
They won’t immediately know what mistakes they’re making and what strategies they should adopt. As such, they have to figure it out themselves. That isn’t to say that they won’t be able to learn. It’ll take them longer, and eventually, they’ll figure it out.
But if they were taught by someone experienced, things would go faster and smoother. A teacher, whether a friend or a sibling who knows how to ride a bike, can teach them to ride a bike in a more structured way.
The same also applies when learning to trade. You can jump in head first and learn to trade by trading for real. But sometimes, you would fall and make mistakes. Likely, losing some money.
But if you learn trading in a structured way, for example, through a course, by reading books, or by talking to someone with experience, you don’t have to start from zero. Why make mistakes others have already made and know how to avoid them?
Learning to trade is hard, but it certainly isn’t impossible. Given how successful traders can be, it’s no wonder why it’s such a competitive field.
Once you learn the basics and start to move towards the more advanced topics, you’ll find it much easier to catch those concepts, understand the intricacies of the market, and more. That will make you a successful trader.
What To Trade As A Beginner?
As a beginner, one of the things you’ll spend the most time on is figuring out what to trade in the first place. Trading is a vast field, and there are thousands of markets. But for beginners, trading stocks, forex, commodities, and index trading are the best places to start.
You’ll be more comfortable venturing into other markets when you gain more experience, whether it’s courses or hands-on trading. You’ll also be able to make the right decision when choosing new markets.
Share Trading
Trading involves a lot of speculation. You are mostly speculating on whether the price of a particular share will rise or fall. The best part is that you can speculate in both directions. So, if your underlying prediction is correct, you’ll make a profit regardless.
You can choose to go either long or short. If you’re bullish, you will go long. On the other hand, if you’re bearish, you will go short.
Award-Winning Trading Courses:
Asia Forex Mentor
Investors Underground
Bulls on WallStreet
Rating:
Founder:
Ezekiel Chew is the founder of this course. He is a well-known trader and successful businessman.
Nathan Michaud is the one who started this platform. He is a famous stock market trader.
Kunal Desai launched this course. He is an American stock market trader and cryptocurrency investor.
Ideal For:
This course is best for learning day trading.
IU is the best for learning about the stock market.
Bulls on WallStreet is the most satisfactory course to learn trading through live sessions.
Course Material
They have recorded video tutorials with proper explanations of the strategies and techniques that the mentor has used himself.
Provides videos on the basics of trading and advanced education. You also get access to one of the giant chatrooms for traders.
Gives live classes, quizzes, feedback, and an online trading simulator.
Cost:
The standard price for learning on this platform is $997 .
At around $2,700, you will get an annual membership and common course material.
The approximate cost is $1,500 for annual enrollment in the course.
Forex Trading
Forex trading is a form of trading where you’ll exchange one currency for another. The term comes from foreign currency and exchange. In 2019, the forex trading volume reached a whopping $6.6 trillion.
That’s quite the market. Forex is particularly great for beginners since it’s a huge learning opportunity. If you can do it mindfully, learning the concepts and the strategies, it’ll help you grow in your trading career.
The forex market is also very liquid. It’s the most liquid in the world. Traders that prefer to trade with liquid cash will love this.
The basic idea is mostly the same. It’s easy to learn but hard to master. Don’t worry; with courses and some practice, you’ll get the hang of it.
You’ll be speculating on whether the price of one currency will fall compared to another. You can go both long and short. You’ll earn a profit either way if your analysis is correct.
Commodities Trading
Commodities include natural resources like gold, oil, and sugar cane. Traders speculate on the market price of these resources. When getting into commodity trading, you’ll come across terms like “hard” and “soft” commodities.
You can guess what they are based on the name alone. Hard commodities are things that are generally mined from the earth. Diamonds, precious metals, gases, and oils are all hard commodities.
Soft commodities refer to animal and plant resources like sugar cane, coffee beans, livestock, etc. You can learn all about these through courses when you first start trading. You’ll continue to learn more and hone your craft as you gain more experience.
Index Trading
Index trading is also speculating on price movements. But traders speculate on the price movements of underlying assets instead of shares, commodities, or currencies.
These assets are grouped to form a single entity. Common indexes beginners can trade are equity, bond, commodities, and more. Index trading will, by nature, have common components and be grouped like the top 500 US-listed companies.
There are tons of international indexes traders can choose from, giving them many opportunities and choices. However, with all these options, the stock market is easier to get into for beginners.
They’re relatively easier to understand since other markets can have a lot of different factors affecting them. Index and commodities trading might be best for those who are intermediary-level traders.
Can Anyone Learn To Trade?
Anyone who puts their mind and dedication into trading can learn how to do it. It’s not something that a few talented, gifted individuals can do. You can rise to the ranks of the top traders as well.
But where most traders fumble is when they ask the wrong questions. Instead of figuring out what new strategies are available to improve their trading or what skills to master, traders start doubting whether they’re cut out to trade.
Anyone can learn to trade, but having the right skill set is essential. That’s how you can become successful.
Research
Research is one of the most important skills a trader needs to master. Guess what? If you’re reading this article, it’s safe to assume that you are researching, proving that you have a thirst and knowledge for learning.
The ability to deeply research your market will allow you to gather knowledge on market conditions. Another complementary skill, analyzing, is very beneficial to research.
Analyzing
Analyzing is another critical skill in any successful trader’s arsenal. They can analyze and make sense of the data and knowledge they gather from researching. Proper analytical skills will help you decide what your next move should be.
This approach is best since you aren’t relying on what the market or other gurus say. You can make educated and informed decisions for yourself.
Adaptability
One of the most exciting things about trading is that it’s a dynamic field. Market conditions change. Hence, you won’t stop learning. That’s why you need to adapt to different market conditions.
But, over time, all traders develop a working strategy for trading. You can see it as a playbook for their trades. It works as a framework to help them trade.
Although this is excellent and should be used, reading the market, noticing patterns, and adapting the playbook are valuable skills that’ll help you stay ahead of the game.
Discipline
Discipline is also essential. It will assist you when learning to trade and throughout your trading career. You should be focusing on self-development, discipline, and even patience.
A patient and disciplined trader will always think things through and be confident in making decisions. They’ll also be able to put in the work, which can make them successful.
How Much Start-up Capital To Trade?
Many trading markets focus on short-term investing to maximize profits. You’ll need capital to start. However, how much capital you need can vary. For stock trading, the legal minimum for day trading is $25,000. But it’s recommended to start with $30,000.
Forex trading has leverage. That means you can stretch your money further. If your leverage is 100 to 1, you can deposit just $1,000 and use $100,000. While that seems very enticing, it can go either very well or very badly.
With high leverage like this, you either make exceptional profits or crippling losses. The golden rule to remember when it comes to capital and trading is that no more than 1% of your total account balance should be tied to a single trade. This way, you also protect your capital.
Traders also need to consider the type of security they’re buying. If you’re buying bonds, each bond can have a value of $1,000. This amount can vary depending on the interest rate, and minimum bond orders can also be required.
A good course teaches you how to navigate and understand all the requirements. Standard prices for courses on Asia Forex Mentor are only $997. For the value, you’re getting quite a bargain.
Cost Factors For Trading
When you start trading, there’ll be a legal minimum limit for how much capital you need to have. But other costs can also be associated with trading.
Commissions
Commissions can be one of the biggest expenses for any trader. If you’re active and earning profits, commissions will be charged. But for successful traders, it will have little impact. However, new and smaller accounts will generate fewer profits for these costs.
Broker Costs
Some brokers will often set a limit for you. This is the amount you need to have in your account. For example, it could be a $3,000 minimum.
Since brokers want you to keep trading for as long as possible, this amount acts as a safety net. It prevents someone from running out of cash due to a few bad trades.
Can You Make A Living From Trading?
Successful traders can easily make a comfortable living from trading. The best part is that you can get started with relatively little money. You can choose whether you want to go full-time or part-time. There’re options for both routes. If you want to quit your day job to become a trader, it’s possible, and many have done it.
You can start by trading at home. The right online courses can also help you get started by teaching you the basics. For some, the starting capital can be a barrier to entry. There’s another way, of course.
Traders can also work as contractors for a proprietary trading firm. You can earn a share of the profits made from your trades. Trading can be done from anywhere and at any time. Successful traders can make a decent living, earning upwards of $100,000 annually.
Wrapping Up
Trading needs patience, knowledge, and discipline. If you want to learn trading, there’s no better way to start than with a well-designed online course. A course will teach you the basics and give you the tools to think like a trader. With a course, you can learn everything from the basics to advanced strategies and intricate nuances about how it all works without making big mistakes.
To make the most of your online course, you should also get some practice and experience. Using a demo account and talking to other traders will help too. But to summarize, there’s nothing like a comprehensive course on trading for a beginner.
Award-Winning Trading Brokers:
Rating:
Regulated By:
FCA, CySEC, ASIC, FMA, FSA, FSCA
CySEC (EU), FCA (UK), ASIC (Australia)
BaFin, FCA
Demo Account:
✔ Free
✔ Free
✔ Free
Live Account:
$100
$200
0
Spreads From:
Variable from 0.5 bps
Variable from 1.0 bps in EUR/USD
Variable from 0.4 bps
Selection Of Instruments:
2000+
1000+
17.000+ (FX, Stocks, CFDs, Commodities and more)
Support:
24/7
24/7
24/7
Payout:
1 – 3 Days
1 – 3 Days
1 – 3 Days
79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
