Here is a step by step guide to start in this profitable world.
There is so much organic information and advertising inviting you to trading and with so many benefits. You have certainly made the decision to give it a try. But you have no idea where to start, what you need to have or invest in, which platform is safest and how to choose the best community to learn from.
Before you get burdened, let’s elaborate on each concern to clarify the picture and show you a way that we have proven to work.
Trading
According to investopedia.com, Trading is the buying and selling of securities, such as stocks, bonds, currencies and commodities, as opposed to investing, which suggests a buy-and-hold strategy. Trading success depends on a trader’s ability to be profitable over time.
It’s a speculative type of stock market operation, and is therefore subject to the ups and downs of the market. Its operations are based on buying an asset to sell it at a higher price or selling an asset to buy it again at a lower cost. This is why it is recommended to review the movement of financial markets to know what is happening. Which area there is more or less incidence and how it affects the asset with which you decide to operate to learn or invest.
Where to Start?
Our recommendation will always be to study and deepen your knowledge about the main markets, characteristics, basic concepts that can give you a solid base for
- Choose the asset you will trade (metals, commodities, stocks, cryptocurrencies, binaries, futures, etc.)
- Learn how to do technical analysis and create a trading strategy with objectives that you can observe, measure and improve.
- Use training platforms that have a track record, support and can show results with transparency and truthfulness.
- Get started on a demo account until you have the tools and practice necessary to trade on a live account.
What do you need to have or invest?
Have a strong intention to learn, flexibility to adapt to changes and market results that you can’t control. In short, you need to have a trained soft skill of emotional intelligence to help you manage emotions in situations of stress or euphoria.
As for the capital there are many mentors and gurus who talk about astronomical figures. If you get a proposal in which you’re required to enter with an amount without further arguments, go away! It may be a scam. There are platforms in which you can operate with 10, 20, 50 USD that they themselves finance you to use, with the purpose that you invest in it a part of the operations.
In BinaryTools, you can trade from 5USD which is useful in a first phase of practice, while you gain consistency in trading. Ideally, you should allocate a weekly budget for trading and include it in your trading plan, which should estimate the money to invest and the money you expect to lose. It’s very important that you are aware that the money you invest is money that you are willing to lose.
To help you with this step-by-step. So we have made a series of live trades that we have called “The Power of the Dollar” and demonstrate how it’s possible to program and trade with micro-trades that serve as training, until you feel confident and trade on a real account with real money.
We have several videos on our YouTube channel with these live operations.
Which is safer platform?
This options is one of some to get start, the synthetic financial markets. You can operate more adapted to your schedule, you can schedule operations and that come automatically, besides not being directly related to the stock market and geopolitical events. Because this which gives some independence in terms of the impact on the operations and investments of the trader by very sudden market movements.
The best and safest way to trade synthetic markets is on BinaryTools; which is an alternative platform to BinaryBot and DerivBot. Its main feature is that it has libraries that simplify the construction and execution of a Bot always ensuring security. If you want to expand this information and know the benefits of BinaryTools, we have a video that explains very well. The reason why Binarytools is a big, Yes!
Choose the best community
Getting started in trading from scratch can be overwhelming, but if you’re not doing it all alone it’s even better. Meeting people from all over the world who, like you have made the decision to trade and invest their assets in a safe, secure and supportive platform that helps their traders grow.
I’m Jesus Rueda and for more than 15 years, I was like you looking for information to enter the world of trading and financial markets. I tried a lot, I also lost a lot, however, I learned a lot more. In that search I got BinaryBot from Deriv and it turned out to be the most profitable option for me, besides adapting to my personal dynamics that at that time I had to share with regular jobs.
Being a programmer, I observed that there were functionalities that could improve the trader’s experience. So I investigated if there were Api codes to intervene, I contacted the broker and created BinaryTools that solved my concerns but I was sure that if I shared it with others I would get the feedback of those improvements and incorporate others from similar experiences to mine.
Neuronaltrader
Thus NeuronalTrader was born every time the idea of neurons connecting the thinking and questioning trader and the world of trading was mentioned. Today this community shares, tests, questions, proposes and improves BinaryTools functionalities, it is a community of #Neurotraders.
We have Telegram channels in different languages and is very active to collaborate among members and is ideal for startup processes. Support and clarification of doubts, we constantly hold events, live broadcasts. We share a lot of valuable content and very soon we will start the training and updating phase for traders.
Descubre esta comunidad de Neurotraders
You’ll trace your own path in trading, with your particular process that doesn’t resemble mine or that of any trader you admire in social networks. You will have your achievements and discoveries; I wish I had had the recommendations that we make here and all the support you get in this community.
My biggest advice is to forgive yourself for your mistakes. Don’t give up, trading can transform you and your life, but it requires your commitment and discipline. There are no magical or effortless results, there is a maxim that accompanies me and with which I deeply identify. “If you are willing to go far and invest in your future, you will know what you are capable of achieving” Jesús Rueda.
Important: The information and/or knowledge expressed in this article shouldn’t be taken as investment recommendations or financial advice. All investments and/or actions involve a risk and each person is responsible for researching, educating and analyzing before making an investment decision.
