How I Would Learn Trading If Starting from Scratch

[00:03] how I would learn trading if I started from scratch. I have been trading for 4 years now and during this time I already have an understanding of how to start my trading path as effectively as possible in order to quickly and consistently achieve

[00:16] good results in trading. This question was often asked in the comments and in this video we will analyze everything in detail point by point. Well, that I have a Telegram channel in which I post the work of my trades, posts

[00:30] on the topic of psychology, posts from life, I also have a second Telegram in which I post the coins that I follow. If anyone is interested, links to both telegrams will be like to know before starting trading is, of course,

[00:44] my goals. Why do I need Trading at all? What I want to achieve with it? My answer to this question was that firstly, I want Trading to bring me a stable income and secondly, What is no less important is that

[00:57] Trading itself is quite pleasant for me and I liked it, and that is here The puzzle is that Trading acts as a favorite business and, in addition, is a source of income. Based on this, we can already conclude that it is

[01:11] still worth developing in this business, and therefore we need to continue working in this direction. If the answer to the question "What is your goal in trading?" is only money, and you don't particularly like Trading itself, then it is better, of course, not to

[01:25] engage in such a business, because in practice, if a person is engaged in an not lead to anything good and will only take your time, therefore, first of all, you should like this business, then it will already lead to a good

[01:40] result, since all thoughts, everything that happens around will lead to trading itself, and this will favorably affect your results. After Trading is really the direction in which it is worth developing,

[01:54] then I move on to the second stage. Where is the best and most effective trading and in which market to do this? We have three markets, the stock market and the cryptocurrency market, they have a number of differences between them, and to

[02:08] decide which market to trade, you need to choose here. The trading style that you like. You like short, medium, and long trades. When you sit in a trade for more than one day or when you hold a coin for a

[02:21] long time, you need to decide on your trading style. I like short trades the most when I don't sit at the monitor for a long time. When a hop-hop comes in, I take it, and that's it. I don't have an open position hanging for a long time. Therefore, the

[02:34] Forex market doesn't really suit me because there are only three instruments and fairly small percentages. The stock market itself moves at much more complicated. You need to

[02:48] understand it more. It has different specifics. Therefore, of all the markets, I chose the cryptocurrency market because it is much easier than all the others. Plus, it is much volatile, which means you can earn more on it and it is much easier to

[03:00] do, so here I settled on crypto. The following is what you need to decide on - Where to monitor the market and how to do it. A screener helps best with this. It allows you to

[03:14] set a large number of notifications in it, make different sorting, thereby identifying the best coins. For trading, this will allow you to work out strategies as effectively as possible, which will ultimately lead to a good result and

[03:27] earnings with trading. Here we sort by the most active coins, top growth, top volatility, top by the number of transactions, and from this top we select coins for us to trade because the more active the coin,

[03:39] the more strategies will work on it, and with this we can earn money. Therefore, it is important to correctly find such coins, and this is where the screener helps very well. If I were learning from scratch and did

[03:52] because it automatically finds all the slope levels, shows active coins, shows all the data on coins. There are a large number of sorting options here, and it also shows specifically coins from cryptocurrency. There

[04:06] are several cryptocurrency exchanges here, and these are the best exchanges, the most active ones, the ones with the largest volumes, and for a beginner, everything is as clear as possible here. This will allow you to progress well in trading because against

[04:18] this background, you can learn. How to correctly construct levels. How to correctly determine active coins. How to correctly work with densities. We can also point out on the density and see a hint from it How to correctly

[04:30] work out this or that formation This is very useful and for beginners this information will be extremely valuable because with the help of the already passed path of trading experience these tips are made in such a way that they

[04:43] most effectively contribute to a good result and the screener is the most effective tool for the development of a trader and in order for him to most effectively monitor the entire market for anyone interested the screener is called

[04:55] hash I will leave the link in the description under the video I will tell you a secret that many do not want you to know where to learn trading First, you can take information from articles on the Internet second - these are books third videos on

[05:09] second - these are books third videos on YouTube toe - these are courses and training and fifth - this is individual training mentoring or internships first articles on the Internet - This is complete [ __ ] there a beginner will not learn much, so of course

[05:22] I would not start with this second - these are books books of course will not teach you how to trade but in books you can find a lot of useful information about human psychology how to behave correctly in transactions how to combine life

[05:35] and trading how Don't repeat your mistakes. What mistakes should you eliminate from your result? Books are the tool that allows you to fully understand human psychology. Since I'm starting from

[05:48] scratch, I would certainly read books because they have many such subtle aspects from books. I could highlight This is the chimpanzee paradox. It's a very good book about psychology, but it's not about trading, of course, but about trading. It

[06:00] displays very well. The second book is Reminiscences of a Stock Speculator and the third book is stories from ul srit. I would read them and, in principle, this is more or less enough to understand the psychology of trading. Further, these are open

[06:13] video materials, streams. I would also watch them, but here you need to understand that you yourself, as a person, must be able to filter out information from bad and

[06:25] from that which will not bring you any benefit here. The main thing is that a person has this skill and then he can calmly learn from open videos from open sources, which is what I would generally do. Well, in general, that's what I did, this is where

[06:39] I started, then we have paid training, just videos. Aimed at the can also be used to study, but I just don't like it when someone teaches me there, someone sits there,

[06:52] so Personally, I would not consider paid training and courses for myself, and then this mentoring, mentoring, individual training. This is the same format. I just don't like it when someone teaches you when someone sits with you.

[07:06] But if you consider mentoring and internships, then this is of course the fastest option to learn. Because the people who will teach you have already gone this way and now they pass on all their knowledge to you, thereby you

[07:19] learn as quickly as possible and do not make mistakes. Here you need to look exclusively at you. Which option do you like the most? That option and stick to it. I just like to learn and develop myself,

[07:31] so I would choose just books and open information on the Internet, video this format when you sit yourself and immerse yourself in all this, especially Trading itself. You like it and you gradually learn all this,

[07:45] build your strategy, spread it out in such a way that this knowledge is as effective as possible in your trading, so I would choose videos and books. By the way, write in the comments what advice you would give yourself If you were just starting

[07:57] to engage in trading from scratch for beginners It will be very interesting to read and adopt your experience thereby avoiding serious mistakes If your goal is need to write a trading strategy for yourself as effectively as possible and here's how I would

[08:11] do it based on the previous stages that we have already gone through where we determined the goal with the trading format I decided that I like short trades when I entered and exited and just such a trade is in scalping,

[08:25] so I would immediately begin to look closely at scalping then look at the strategies that are in it and scalping strategies We have these breakouts, a spike, a rebound from levels on a column, a rebound from densities, sharpening knives, retests, collecting volatility,

[08:41] breaking the structure itself, the volume profile when we take a rebound or a breakout from it and I would immediately write out all these strategies for myself then I would choose individually for myself Which strategies are suitable Specifically for me, that is, I want

[08:54] short trades and in what format I like them I like to work on a breakout into a rebound I like it when I have a clear support in the form of a stop I like when there are riskier trades and under This I would adjust as much as possible because

[09:08] this is the key to success and if you choose the right strategy, it will listed strategies I removed these sharpening knives from trading because these are quite risky trades plus you need to quickly orient yourself in the moment

[09:24] I don’t like taking big risks I’m not good at orienting myself in the moment That is, I need to sit and think But in my cases this is not the case you need to immediately determine everything in your head as quickly as possible and work out in this format, therefore I

[09:36] removed these strategies from my list And I work out all the others But this is what it is now, but if I were starting from scratch, I would initially choose the first of all the strategies This is a rebound from densities because this is the

[09:48] easiest strategy and it will allow you to delve into the world of scalping and at the same time make some density and we just take a rebound from it, approached, entered, set a stop behind the density, then pull the belly with green everything, that is, this is the

[10:02] easiest strategy and it will allow you to get acquainted with all the functionality and master the basics of trading, then I would already increase my pool of strategies, add new strategies that suit me and gradually make my trading

[10:16] system in this way, leaving only effective strategies, effective ways of trading, and I worked in this format, I tried many strategies to start coming out on top, and only one thing that really

[10:28] helped me was to take a strategy that completely suits my life, which strategy I like, and completely write out every nuance, every detail, all this as much as possible, so that write out every nuance, every detail, all this as much as possible, so that

[10:42] transaction, completely calculate this template, and after I did this, my trading began to improve and I began to earn about how to completely write out your trading strategy I posted on the Telegram channel You can

[10:54] follow the link in the video description and click on the pinned comment and scroll to the eighth comment, here will be the entire template How to write out your trading strategy for anyone interested, I will leave the link to Telegram in the

[11:07] trading until you completely understand the psychology of trading This is what I mean in each There's a chimpanzee sitting among us trying to earn as much as possible, go for the biggest leverage, move your stop or

[11:22] leverage, move your stop or remove it altogether, start overpowering try to recoup the minus, tilt, get angry, take out your anger on trading,

[11:34] try to make as much money as possible, and of course, all this is our inner chimpanzee that does not allow us to trade normally and with discipline. same work and there must be

[11:47] maximum discipline here in order to earn money. We did not come here to play, we did not come to experience emotions, and therefore you need to suppress your inner beast so that it does not transfer all this to trading in Telegram. I also posted a

[12:00] file on psychology. These are the rules of thought and questions that you need to read before each transaction in order to make as few mistakes as possible, then trading will be much better and more stable. If anyone is interested, this is all in the Telegram channel.

[12:12] I will leave a link in the description under the video. My entire trading strategy, every step and template on psychology is necessary. Print it out and put it in front of your monitor so that you can see

[12:28] find yourself in the right places. thoughts and understand what you need to do. And this, of course, will lead to a good and stable result because you will perform only the right actions. Because if you

[12:42] write down everything correctly in the Strategy, then statistically it will bring money and if course this money will come to you. According to psychology, if you completely control yourself and do not allow

[12:56] your emotions to break out and be transferred to trading, then you will not make mistakes. All your transactions, all your actions will be systematic and in total it will be that you trade strictly following all the rules. Which leads to good results.

[13:10] We also have a tab on psychology in the screener. Here you can create your own reminder and move your strategy template and your psychology template here and set an alarm. And thus, every day you will automatically receive a

[13:25] reminder about what you have written in your trading strategy, what you have read before each transaction, and this will allow you to approach trading as disciplinedly as possible. The screener is called Gash. I will leave a link to it in the description

[13:39] below. The video was only made after I had decided on my trading goal, chosen the format in which to trade, my trading style, described my trading system in full, described in full what I need to read on psychology

[13:51] before each trade, only after all this would I start trading, and now the question is: What deposit should I start with? Many people at this stage make very big mistakes and throw some incredible money into the balance, but what's the

[14:06] point? When you are just starting to learn, you are a beginner and don't know anything, and of course, most likely, your first actions will lead to a negative result and there will be losses, then what's the point of

[14:19] replenishing the deposit with normal money and trading with it? Of course, there is no point in this. I would throw in the very minimum amount of 10 dollars and start trading with it, practice and gain experience, while I would

[14:45] minimum. The first goal in trading is to learn. After you have learned, gained experience and see that you have good statistics, then you can gradually increase your volumes and think about money to trade on I don't recommend a demo account.

[14:59] The only thing is that you can only deposit real money, at least 10 dollars, because a demo account and real money are perceived completely differently, but I would start right away

[15:14] with real money because human psychology is structured in such a way that if you are on a demo account, it is perceived as a game. If you are on a real account, then this is already implied as earnings. As work.

[15:26] As something serious, and of course, against this background, the results will be different. Then, what I would do is trade and master everything. The first thing is the functionality, how everything works, such as charts, exchanges, order books, how

[15:41] trades are made and opened. After that, I would gain experience since I already have a trading strategy written down, the psychology is written according to these templates, it is quite easy to do this. And then I would trade, developing, becoming more and more disciplined and

[15:55] every day I pump up and improve my trading. Never put off keeping statistics for later, this is a very important point in trading. And if I were starting from scratch, the first thing that I would start doing this, of course, keep my

[16:09] statistics, record every step, every mistake, so that I do n’t repeat the same mistakes in the future. Because if you wrote down your mistake, you’re already armed. And if you didn’t write it down, then you’ll forget about it after a while and

[16:21] then repeat it again. But what’s the point of losing money twice on the same action? When you can write everything down correctly and not repeat this action anymore, and especially if later the deposit will be larger and larger, then what’s the

[16:34] point in losing a lot of money on the same mistake? Therefore, it’s very important to keep statistics, keep your diary, analyze your transactions, what you did wrong, what action led to this or that result from this transaction.

[16:48] You lost a lot, why? What led to this from this transaction. You earned a lot. Why? What did I do that was right that I made a lot of money with it? I would sit like this, point by point, analyzing every nuance in trading, and I would do this

[17:01] every day in each of my transactions, because the more time you devote to trading in general to any process, the faster success in this business will come. Total. If I started trading from scratch, the first thing I would choose my

[17:15] trading strategy that will suit me specifically, the second thing is to completely write everything down for myself. I would write down in front of myself what template I need to trade according to, I would also write down psychological moments that will not

[17:28] allow emotions to somehow influence my trading. Next, I would deposit the minimum deposit of 10 dollars, start practicing, gain experience. After I began to succeed in trading stably at zero or a small

[17:41] plus, then I would gradually increase my volumes in the form of leverage or add up with the largest volumes and withdraw income from trading. And gradually,

[17:53] this is how I would develop, increasing my volumes throughout my trading. I would remember that trading is a difficult path to easy money. And here you need to believe in yourself, do not give up your efforts, and then you will certainly come to a good

[18:07] result. There is no money button here. Everything is done only through your work, and you results. Yes, at first, of course, it will not work out, some emotions may appear, but against this background, you do not need to give up because the

[18:22] result may already be completely It's close and just a few steps left to start making stable money with trading. Well, this video will be coming to an end. You will definitely succeed. I wish you all the

[18:34] best in trading. Thank you all very much for watching. Let's shake hands. Let's have fun. Thank you all very much. Goodbye, bye, bam. Thank you all very much. Goodbye, bye, bam.