How to Start Trading PDF- The Definitive Guide to the Best Trading Tools and Strategies is a step-by-step guide for beginners, detailing trading fundamentals, tools, and strategies. It distinguishes trading from investing, explores long and short positions, and emphasizes realistic goals and discipline.
The book outlines seven steps: defining goals, choosing markets (stocks, bonds, forex, ETFs, options, crypto), considering robo-advisors, learning through books and seminars, selecting brokers, using free charting tools, and finding profitable strategies. It stresses demo trading, psychological resilience, and compounding benefits, offering practical advice, broker recommendations, and resources like TradingView to help novices start trading confidently and profitably.
Table Of Contents
| Introduction | 6 |
| Start by learning what trading really is | 7 |
| Know the difference between Trading and Investing | 8 |
| Decide if you prefer to be long or short, or both | 8 |
| Make a decision: is trading for you ? | 9 |
| How much money do you need to Start Trading? | 10 |
| Before you start trading, make a commitment | 11 |
| Good to know: trading could be hugely rewarding | 11 |
| Recap video: Where to Start? The 7 simple steps you should take to start trading |
12 12 |
| Step 1: De{ning your Goals | 14 |
| Assess your {nancial bagage | 14 |
| Have realistic expectations | 15 |
| How much will you earn if you start with $1,000 ? | 15 |
| How much will you earn if you start with $10,000 ? | 16 |
| How much will you earn if you start with $100k? | 16 |
| What is your purpose for trading? | 18 |
| Your time horizon will de{ne your trading style The all-mighty snowball effect, or the Importance of compounding |
18 |
| Use a free compound interest calculator | 20 |
| Recap Video: How much can you really make? | 20 |
| Step 2 : Choose Market to Trade | 21 |
| Stocks | 22 |
| Bonds | 23 |
| Forex | 24 |
| Trackers (ETF) | 24 |
| Options, Futures | 25 |
| Cryptocurrencies | 26 |
| Which one is best for you? What are your chances of becoming a successful trader? |
26 |
| 28 | |
| Video recap: The Best Markets for Beginners | 29 |
| Step 3 – Consider Robo Advisors | 30 |
| What are Robo-Advisors? | 30 |
| When should you pick a Robo-Advisor vs Trading? The 10 things to look at before choosing a Robo Advisor |
30 |
| The Top 5 Robo-Advisors | 31 |
| Step 4: Learn Trading in 12 Easy Steps | 35 |
| Tip #1: Read the best trading and investing books | 36 |
| Tip #2: Learn from free online resources | 37 |
| Tip #3: Read free articles on trading | 37 |
| Tip #4: Buy an online trading course | 38 |
| Tip #5: Attend a Trading Seminar A few well-known seminars |
39 39 |
| Tip #6: Emulate the greatest traders | 41 |
| Tip #7: Find some trade ideas using social trading | 42 |
| Tip #8: Learn to trade with Youtube videos | 43 |
| Tip #9: Dividend Investing 101 | 44 |
| Tip #10: Subscribe to Investment Newsletters | 44 |
| Tip #11: Subscribe to online Investment Research Tip #12: Take a riskier approach and learn options trading Step 5: Find a Broker, good Trading Gear and Start Demo Trading |
45 |
| Exchanges for Crypto Trading | 49 |
| Now Open a Demo Account | 49 |
| Choosing the Best Day Trading Setup and Gear | 50 |
| Get yourself a comfortable Trading Chair | 51 |
| Step 6: Use Free Stock Chart Websites | 52 |
| The Best Free Stock Chart websites | 52 |
| Cryptocurrency Analysis Tools | 55 |
| Step 7: Find Pro{table Trading Strategie | 56 |
| How to Decide What Strategy you’re Looking for? Three things you need to check to make sure you have the right Strategy Why different people get different results from the exact same Strategy? |
56 |
| What the Turtle Experiment taught us | 57 |
| The best sources for {nding pro{table strategies | 58 |
Excerpts
Are you looking for a free, easy, step-by-step guide on how to Start Trading ?
You’re looking for a side income, you’d love to quit your day job. Or maybe you need to invest for retirement … but you have no clue where to start. You’re overwhelmed.
This Definitive Guide will show you how to get started and become a profitable trader, all in a step-by-step tutorial (with pictures and videos).
Whether you’re a beginner or a seasoned trader, I’m sure you find it difficult to choose a strategy, or pick the best stocks or forex pairs.
You need the best free charting software, a good broker with low costs and a great platform, but there’s just so much to choose from….
You’ve watched youtube videos, read blogs, seen countless websites, downloaded ebooks, but you’re lost, you just don’t know where to start.
I’ve been there.
My name is John Treadle, I’ve been a trader for over 15 years, now making a consistent income from my trading strategies. On my blog tradingtools.net I provide you with all the necessary tools to help you in your trading journey.
I’ll share with you what has or hasn’t worked for me over the years and the best tools I’ve come across.
Hopefully I can fast track your learning curve
___
In short, trading is the act of profiting from the financial markets.
In its most basic form, you buy financial assets (stocks, currency pairs, bonds, indexes,
cryptocurrencies,..) at a certain price and hope to sell them at a higher price and pocket the
difference.
To do that, you have to open a trading account with a broker, usually online.
You don’t have to go searching hundreds of websites, it’s all here, made simple.
Your brokerage account is like a separate bank account, so opening a broker account is just like
opening a new bank account.
You will have to make a bank transfer of the sum of money you want to invest in that brokerage
account and that money will be used to buy and sell assets.
At any given time, your broker will then tell you what is your cash balance and the value of your
invested sums.