How to Learn Trading
It is exciting and maybe a little daunting to learn trading. Here's a quick look at how to get up and running:
Know the Basics: Learn what assets, order types, and leverage are. These are some of the very basic things that most of your trading decisions are based on.
Read books on trading, and then join some online courses in related fields. Keep yourself tuned to updates from major financial news websites on market trends.
Anatomize markets: learn how to do both technical and fundamental analysis. Technical analysis would include looking at the price charts, indicators, etc.; on the other side, in fundamental analysis you have the study of economic and financial factors that affect your assets.
Use a demo account: try the strategies there, get familiar with the trading platform without exposing real money.
Build a trading plan: You come up with a plan where you include your goals, rules of risk management, entry and exit strategies, and an overall approach.
Risk and Trade Small: Do small trades in the beginning, then manage your risk and gain confidence.
Keep Score: Make yourself a trading journal where you go over your trades, analyze the outcome, and then see where you need to make adjustments.
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