Stock Trading: How do I learn how to trade stocks for some bucks?

clover12

jr. member

Activity: 168

Merit: 2

Quote from: Shunyo on January 29, 2019, 04:37:30 AM

To find local mentors, look for you tube channels from people in your country and city and see there content for some time and if you feel that you like there trading style then you can get in touch with them, also in today's time the mentor can be available virtually as well.

How do I find these mentors in real life??

clover12

jr. member

Activity: 168

Merit: 2

Quote from: boyptc on January 27, 2019, 06:19:43 PM

Yes, there were some stocks advise but he mainly focused with real estate. I see that you're very interested of pushing to trade on stocks. Haven't you found any co-stock players nearby you?

I'm sure that you'll get to hang out with them and ask any of them to be your mentor, paid or free.

How do I find co-stock players? Er.. what is a co-stock player?? How about a co-crypto player huh?

Right now I have a Binance account loaded with 100$ of ZPR (0X). I have no clue how to do anything and I am just fiddling with the buttons.

Shunyo

newbie

Activity: 74

Merit: 0

There are many quality video series for technical analysis on YouTube, investopedia is a good website to start learning the basics of technical analysis. For crypto trading two channels which I like the most are Allessio Rastani and Cryptocrewuniversity, they both focus on a good technical understanding and have quality videos. The fundamentals of technical analysis has not changed and all good crypto/stock analysts follow the same. So learn the basics from any good source and start following a few channels which you feel more attuned to and simultaneously start doing paper trading on a few stocks in your local market which have good liquidity and volume.
To find local mentors, look for you tube channels from people in your country and city and see there content for some time and if you feel that you like there trading style then you can get in touch with them, also in today's time the mentor can be available virtually as well. Just be carefull to buy any paid course from anyone on YouTube even if you find them good, as all the information is available for free if you just search a little bit deeper and nobody can substitute your own learning with the time spent in learning as well as actually test trading with small quantities.

happy man

newbie

Activity: 22

Merit: 0

stocks mainly depend on fundamentals and global markets view trading in stocks is very difficult investing in stocks is good and gives good returns for long term

boyptc

hero member

Activity: 3024

Merit: 680

★Bitvest.io★ Play Plinko or Invest!

Quote from: clover12 on January 25, 2019, 10:11:56 AM

Quote from: boyptc on January 24, 2019, 10:28:08 PM

Anyone here fan of Robert Kiyosaki books?

Yes I read most (if not all) of his books. If I recall his books recommend business ownership more. Not so much about stocks? He may suggest real estate before stocks. Those books were published before bitcoin.

Yes, there were some stocks advise but he mainly focused with real estate. I see that you're very interested of pushing to trade on stocks. Haven't you found any co-stock players nearby you?

I'm sure that you'll get to hang out with them and ask any of them to be your mentor, paid or free.

xearp

newbie

Activity: 4

Merit: 0

What are some popular simulated trading platforms?

OgNasty

donator

Activity: 4760

Merit: 4323

Leading Crypto Sports Betting & Casino Platform

Check out http://caps.fool.com and try creating a portfolio. Nothing teaches better than experience.

Erickan

member

Activity: 266

Merit: 18

Quote from: clover12 on January 24, 2019, 04:34:58 PM

I am not talking bitcoin, I am talking bout sum Stocks!!!

What is a good learning avenue for traditional stocks?
How do I get a stock trading mentor?
What is a good step by step?

Has it changed much over the years?
I am going to grab a library book.
What books do you recommend?
What online forums do you recommend?

Without getting overwhelmed, how can I learn best?
Are there free courses that you recommend?

Grin

In fact, financial playgrounds such as forex,stock market, cryptocurrency, have slightly different forms, but they also have common rules. I think there are a few things you should consult when you want to participate in these playgrounds:

1. If you want to get rich quickly, immediately, abandon your intention to participate in these games. The financial playing field is very fierce, many people with misconceptions can easily make money with it
2. Lose money on courses and think it will help you win easily in the game. Knowledge is column type in all areas, including finance. The most useful knowledge is the experience you draw from your own undergo
3. You can consult and learn about the life of WARREN BUFFETT. This is a legend in this area, I have learned a lot from his philosophy of trading "Be fearful when others are greedy and greedy when others are fearful."
4. lesson on psychological control, I think this is the key to winning the financial market.

This is just my own personal opinion, hoping to be useful for you!

clover12

jr. member

Activity: 168

Merit: 2

Quote from: jackg on January 25, 2019, 12:35:21 PM

Quote from: r1s2g3 on January 25, 2019, 12:27:37 PM

Quote from: jackg on January 24, 2019, 09:08:35 PM

I'd suggest avoiding courses entirely. That's what the majority of people will be doing.

Somewhat I agree that practical knowledge plays much bigger role than bookish knowledge but there is no harm in getting bookish knowledge also.
They give you the ability to think and try different options overall expanding your knowledge and give you confidence to tackle practical situations.

A lot of the time what's in books is mainstream knowledge. Sure certain things about things like indicators may be useful to read up on but a lot of the time if you come up with an original strategy it'll profit you better than a mainstream one unless you're strategy is an awful one...

If your strategy makes money you're not exactly going to put it in a book unless you're planning to sabatage traders or the strategy doesn't work as well any more. The strategy might still be successful but not as successful as just biting the bullet and trying to make your own once you understand things about tools and indicators that might be useful...

I'd like to have a real life mentor, or five....

clover12

jr. member

Activity: 168

Merit: 2

Quote from: Raja_MBZ on January 24, 2019, 05:27:34 PM

Why not learn the crypto-trading?

I am going to be totally honest: because this new technology is just way too complex with way too many ways to get hacked. In addition, the timing and freshness of this new technology does not line up with my experience level and safety factors. i am not that savy with computers. Well I am okay with computers, but when I am around this forum and you guys? No way. I am a toadal newbie. But either way, whether crypto or old school stocks, I am interested to learn how to do it as a profession.

jackg

copper member

Activity: 2856

Merit: 3071

https://bit.ly/387FXHi lightning theory

Quote from: r1s2g3 on January 25, 2019, 12:27:37 PM

Quote from: jackg on January 24, 2019, 09:08:35 PM

I'd suggest avoiding courses entirely. That's what the majority of people will be doing.

Somewhat I agree that practical knowledge plays much bigger role than bookish knowledge but there is no harm in getting bookish knowledge also.
They give you the ability to think and try different options overall expanding your knowledge and give you confidence to tackle practical situations.

A lot of the time what's in books is mainstream knowledge. Sure certain things about things like indicators may be useful to read up on but a lot of the time if you come up with an original strategy it'll profit you better than a mainstream one unless you're strategy is an awful one...

If your strategy makes money you're not exactly going to put it in a book unless you're planning to sabatage traders or the strategy doesn't work as well any more. The strategy might still be successful but not as successful as just biting the bullet and trying to make your own once you understand things about tools and indicators that might be useful...

r1s2g3

sr. member

Activity: 742

Merit: 395

I am alive but in hibernation.

Quote from: jackg on January 24, 2019, 09:08:35 PM

I'd suggest avoiding courses entirely. That's what the majority of people will be doing.

Somewhat I agree that practical knowledge plays much bigger role than bookish knowledge but there is no harm in getting bookish knowledge also.
They give you the ability to think and try different options overall expanding your knowledge and give you confidence to tackle practical situations.

BitBustah

hero member

Activity: 1218

Merit: 534

Your better off getting a normal job instead of playing a losing game. Markets are a zero sum game which means in order to win money someone has to lose money.

clover12

jr. member

Activity: 168

Merit: 2

Quote from: jackg on January 24, 2019, 09:08:35 PM

I'd suggest avoiding courses entirely. That's what the majority of people will be doing.

Instead, look at what affects the price of each individual stock. Speculate on the stocks value and look into the dividends infomation. Decide whether you're wanting a speculative investment or a dividend paying one.

For dividends, stocks are good.
For speculation, use bitcoin or altcoins. They still yeild done dividends but none are guaranteed.

Avoid courses? So read forums?? Read books?

How about Wall Street Journal? Where do you even begin?

Im not a fan of watching TV and the news.

clover12

jr. member

Activity: 168

Merit: 2

Quote from: boyptc on January 24, 2019, 10:28:08 PM

Anyone here fan of Robert Kiyosaki books?

Yes I read most (if not all) of his books. If I recall his books recommend business ownership more. Not so much about stocks? He may suggest real estate before stocks. Those books were published before bitcoin.

Upgrade00

legendary

Activity: 2114

Merit: 2248

Playgram - The Telegram Casino

Quote from: Raja_MBZ on January 24, 2019, 05:27:34 PM

Do you have any specific reason(s) for that? Traders usually look for stuff with most volatility, and in crypto, there is a lot of volatility. Why not learn the crypto-trading?

Volatility is just one of the factors traders consider, and not everyone looks for high volatility. Whatever the situation, it all depends on the traders experience and ability. Volatility would have a negative effect if you are lossing out in a trade.

boyptc

hero member

Activity: 3024

Merit: 680

★Bitvest.io★ Play Plinko or Invest!

Choose the blue chip stocks if you want to get into trading stocks.

I get off of stocks already since crypto's were enough for me. Anyone here fan of Robert Kiyosaki books?

jackg

copper member

Activity: 2856

Merit: 3071

https://bit.ly/387FXHi lightning theory

I'd suggest avoiding courses entirely. That's what the majority of people will be doing.

Instead, look at what affects the price of each individual stock. Speculate on the stocks value and look into the dividends infomation. Decide whether you're wanting a speculative investment or a dividend paying one.

For dividends, stocks are good.
For speculation, use bitcoin or altcoins. They still yeild done dividends but none are guaranteed.

Raja_MBZ

legendary

Activity: 1862

Merit: 1505

People who're currently trading stocks are thinking of turning to crypto, while you're trying to do something totally opposite to that. Do you have any specific reason(s) for that? Traders usually look for stuff with most volatility, and in crypto, there is a lot of volatility. Why not learn the crypto-trading?

Almost all of your questions can be found in a simple Google search: https://www.google.com/search?q=learning+stocks+and+trading

If you want to learn the setups provided in charts (which works in both, crypto and stocks), I'd recommend you the following free guide: http://chedstrading.blogspot.com/ by @BigCheds.

(skip the first half of the guide if you don't want to trade crypto)

clover12

jr. member

Activity: 168

Merit: 2

I am not talking bitcoin, I am talking bout sum Stocks!!!

What is a good learning avenue for traditional stocks?
How do I get a stock trading mentor?
What is a good step by step?

Has it changed much over the years?
I am going to grab a library book.
What books do you recommend?
What online forums do you recommend?

Without getting overwhelmed, how can I learn best?
Are there free courses that you recommend?

Grin

Topic: Stock Trading: How do I learn how to trade stocks for some bucks? (Read 261 times)