Stock Trading for Beginners: Practical Ways to Learn Stock Trading

 Starting off with stock trading basics, new traders have a lot to learn while preferably having the ability to combine practical attempts of stock trading (hopefully successful) and a vast base of knowledge collected on the subject of mastering stock trading.

As a beginner, a new trader needs to be aware of the fact that stock trading starts from learning basics, thus we are presenting some neat ways on how to learn stock trading.

Become Comfortable with Trading Tools

One of the best ways to start learning how to trade with stocks is to get more comfortable with some simple trading tools. Trading tools alongside with the research available on online stock broker accounts should become one of the main starting points for you as a new trader.

So, it is recommended to find an online broker and have an account opened there in order to be able to get more comfortable and familiar with the available trading tools, while having access to research exclusively offered to clients. Make sure you are able to find an adequate online stock broker and make an account.

Educate Yourself

Make sure you are browsing through the wide offer of e-books and books on the subject of stock trading. Going for books instead of taking classes and attending seminars makes up for a better choice because you can adopt information under your own terms and under lower prices.

Do Your Research

For transforming into a fully ready trader, although new to the business, it is recommended read articles that include explanations on the trading terms, offering advice and tips, as well simplifying stock trading for beginners. You are already doing your part of the work by reading this article. All information that you might need on the subject of how to start trading can be easily found on the internet, so dive in.

Embrace a Role model

History is our teacher, so you can do a little research on big names in stock trading throughout the years, like George Soros, Warren Buffet, John Templeton and others. By studying their methods you can find much useful information on how to become successful in stock trading by following the example of greats.

Find a Mentor

A mentor can practically be anyone who can in traduce you to trading strategies, techniques, teach you how t read charts and be willing to answer your questions and any doubts you might have on the matter of trading. You can also visit multiple forums regarding stock trading and ask questions there as someone will always be willing to provide some help in form of mentorship.

Follow up with the Market

In order to be able to become a successful trader you need to know how to invest, and the best way of knowing what your first and next moves will be is to follow up with the market, preferably in a frequent manner.

You can follow the market by staying in touch with what is going on with prices, and perhaps the best way of staying informed is to take a tour with Google Finance or Yahoo Finance. As an alternative way of following the market, you can start reading Bloomberg or the Wall Street Journal. There you will find the freshest news and analysis straight from the market.

Practice Trading

One of the best ways of learning is to put your knowledge to practice. Even failing comes as a viable option, if not frequent, as you will be able to learn from your mistakes based on your errors.

You can use a trading simulator for practicing so you would be able to learn how trading practically looks like when applied.

However, you can also practice through making your first trade with the online brokerage account that you have previously made. You can always start with a small trade and a minor investment in order to test your current abilities.

However, you must have in mind that proper portfolio allocation is crucial for success, so if you feel insecure enough about making the first live trade with your account, you can stick with the trading simulator until you feel you are ready.

In the meanwhile, you should make sure that you are well informed and educated in the terms of knowing basic trading techniques, chart reading, and strategies.

Want to learn more about the Stock Market & Trading Stocks or need a Mentor & Success Coach? Make sure to follow the iStreetWire / iStreetWirePRO Head Coach & Founder Chad Curtis, a 19+ Year Stock Market Veteran, Super Business & Success Coach, Entrepreneur & Investor Specializing in Day Trading, Swing Trading and Short-Term Investing in Stocks Under $20. He Coaches, Teaches and Mentors new and or experienced Traders, Investors, Individuals, Entrepreneurs & Business Owners.

Make sure to Join Chad Curtis now at this FREE Live Trading Chat room t.me/iStreetWire and make sure to sign up to  www.istreetwirepro.com.

You can also follow Chad Curtis on social media at:
Twitter: www.twitter.com/iStreetWire
Instagram: www.instagram.com/istreetwire

Trading 101: How to Start Swing Trading

Swing trading might be one of the most suitable trading techniques for beginners who are only starting to trade. What might be the most important thing about this technique is the fact that this skill doesn’t require a strong technical background while allowing traders to think through their moves.

The mechanism behind swing trading is a lot different than day trading as it doesn’t require traders to make prompt and immediate decisions, that way making up for a perfect trading strategy for beginners.

Here is how you can improve your trading stats by embracing the possibility of swing trading.

What is Swing Trading?

In order to be able to use swing trading technique as your trading strategy, you first need to learn what exactly it represents.

Unlike day trading techniques where traders are holding onto stocks for a brief period of time, commonly buying and selling different stocks during the same day in order to spin a profit on a daily basis, which defines this strategy, swing trading will require you to hold your stocks anywhere from several days to several weeks before letting them go.

The strategy works by having a trader buying whichever stocks when believed is the most profitable while holding onto the purchased stocks until the next price swing in the market.

The next price swing may occur anytime from several days to a course of a couple of weeks, when a trader finally makes another trade, defining the strategy of swing trading.

Why Go For Swing Trading?

While this strategy is suitable for more experienced traders as well, swing traders can truly come in as handy for the traders who are only starting with trading. By allowing a longer time frame for decision making, while using swing trading, the trader is allowed to have more time to reflect on the next move in order to gain profit.

That is how swing trading can allow all traders to extend the process of planning and making the next move supported by more valuable information regarding the trade with more time to reflect on the ways of scoring a profit from each trade.

Another factor that places this strategy as one of the most favorite trading techniques for new traders is removing the pressure. Fast decision making can pose a lot of pressure when live trading is in the process as your investment is at stake, so it can be of great help to have more time with all the pressure removed so that you can make more mature and educated decisions, that would, as a result, transform into a profit made by your trade.

Benefits of Swing Trading

With swing trading, a lot of pressure from making prompt decisions is removed, allowing you to extend the timeframe needed for you to decide what your next move would be.

However, unlike with long-term trading that takes months and years to pay off, you will be following the market currents, while hunting for benevolent factors that allow you to take a good use of volatility in the market, from week to week.

In a nutshell, swing trading represents ground zero between year-long trades and day trading, allowing you to earn fast as with day trading, while enabling you to keep up the record of your trades for a longer time in order to potentially score more profit without the possibility of losing track or getting lazy as it can often be the case with long-term investing and trading.

What is The Main Objective with Swing Trading?

As with any form of trading or trading strategies, the main objective is, naturally, to come out with as much profit as possible.

However, your ultimate goal in order to make a successful swing trading session is to choose stocks that match your needs and preferences, then trade while following up with trends and taking advantage of volatility in the course of several days or weeks, that way earning yourself a profit.

How to Earn with Swing Trading?

The oldest rule in the trader’s unwritten book of rules is to sell when high and buy when low, and although it seems a lot simpler than trading appears to be once you dive into the stock market, practically it all comes back to this basic rule.

In order to earn with swing trading, you first need to carefully choose in which stocks you want to invest in and then follow up with price swings and changes in the market in order to be able to turn a decent profit from your swing trading.

Want to learn more about the Stock Market & Trading Stocks or need a Mentor & Success Coach? Make sure to follow the iStreetWire / iStreetWirePRO Head Coach & Founder Chad Curtis, a 19+ Year Stock Market Veteran, Super Business & Success Coach, Entrepreneur & Investor Specializing in Day Trading, Swing Trading and Short-Term Investing in Stocks Under $20. He Coaches, Teaches and Mentors new and or experienced Traders, Investors, Individuals, Entrepreneurs & Business Owners.

Make sure to Join Chad Curtis now at this FREE Live Trading Chat room t.me/iStreetWire and make sure to sign up to  www.istreetwirepro.com.

You can also follow Chad Curtis on social media at:
Twitter: www.twitter.com/iStreetWire
Instagram: www.instagram.com/istreetwire