If you decide to start trading on the financial markets, this is an important step. It takes a lot of effort and understanding that the market can not be learned quickly. Constant work on yourself, constant testing of hypotheses and work on mistakes is the key to success. Today, many resources on the Internet offer training in trading. The quality of teaching of most is very low, but it is possible to find something good (of course, see if volumes are used).
Futures trading on the exchanges is developing very fast, attracting more and more new participants. People have access to modern professional analytics, methods, systems, literature, etc. The quality of education is also at a higher level. From this it is easy to understand who has the most advantages on the exchanges. It is necessary to eliminate your financial illiteracy before opening a real account, putting some effort into the self-education process and spending a fair amount of time. Study the information, watch YouTube, make your own observations
How to start
If you want to become a trader, find a broker who has MetaTrader as a trading terminal. The ClusterDelta database already contains information on more than 300 different brokers. I do not want to offer a choice, but it is better to choose the one with more clients, better choice of trading instruments and, a good reputation (although this does not matter for the demo, but it can matter in technical aspects). TOP25 brokers from ClusterDelta users look like this:
- RoboForex Ltd
- Raw Trading Ltd
- Solidary Markets NZ Ltd
- Admiral Markets Group AS
- FF Trader S.R.O.
- AxiCorp Financial Services Pty Ltd
- Notesco Limited
- Aerarium Limited
- Tickmill Ltd
- Gerchik and Co Limited
- Forex Club International Limited
- InstaForex Group
- Orbex Global Ltd
- FTMO S.R.O.
- Desenvolupaments Algoritmics Avancats, Slu
- Forex Club International LLC
- MetaQuotes Software Corp.
- AMP Global Ltd.
- IC Markets (EU) Ltd
- International Capital Markets Pty Ltd.
- X-Trade Brokers DM SA
- E-Global Trade & Finance Group, Inc.
- Exness Technologie
After choosing a broker, take a demo and start learn the basics theory step by step. After you can distinguish support from resistance and attach a simple moving average to the chart, do not waste time on the indicators built into the terminal, but go straight to studying the volume indicators. Built-in indicators are actually the same price, but in a visually different form. Do not fill your head with indicators such as MACD / RSI / Bollinger Bands and others. You also need to understand the basic principle of Elliott waves and how to work with the Fibonacci grid: a huge amount of traders work with these tools, and where there is mass, there are volumes. Where there are volumes, there is price movement. It is the volumes that push the price in movement; it can create impulses and slow down trends. Volumes, in contrast to price indicators, appears regardless of the price, which means it has important exchange information that must be analyzed together with the price.
I would like to immediately destroy the misconception that trading is easy. Trading is not as easy as some authors write in their beginner books. You will need to spend a lot of time to study theoretical materials, as well as practice, practice, practice ... Some spend years to become the professional trader. We strongly recommend that you read the materials of the sections, and more than once.
The decision to become a trader is a serious decision. We wish you the best of luck along the way and, will try to make this journey as easy as possible.