Online trading can be confusing for everyone who is just starting.
Forex, Socks, Indices, Commodities, Cryptos, Bid, Ask, Pips, Spread, Slippage, Leverage, Buy, Sell Short, Stop Loss, Take profit, Support, Resistance, Breakout, Correction, Charts, Patterns, Triangles, Double/Tripple Tops/Bottoms, Doji, Shadows etc. etc….
“Everything is hard before it is easy“Goethe
In the past it was hard to find the necessary information to become a successful trader. Everyone who decided to walk that path had to spend hundreds or thousands of dollars for textbooks and courses.
Nowadays there is plenty of information about online trading available on the internet. There are a lot of free and paid resources for anyone to choose from. However, becoming a successful trader didn’t become easier. As a matter of fact, it might have even become harder. Websites, blogs, webinars, forums – there are thousands of sources bombarding you with information. Sometimes good, sometimes bad information.
The information overwhelming easily leads to a lot of online traders to frustration. As a result, they either quit or decide just to go ahead and try their luck. We all know how the story ends. The market has never missed a punch at an unprepared trader.
Don’t worry! This will not happen to you if you read along. Our Trading 101 series is designed to help you learn everything you need about online trading in an easy step by step bits. You can follow your own pace and progress as fast as you want.
Learn more Online Trading basics
After you cover the basics, don’t miss the opportunity to learn more about systematic trading. Systematic trading is a methodology for trading on the financial markets, based on a system of predefined rules. Discover how to improve your trading, manage your risk better and grow your account.
There is no single approach to systematic trading. Some trading systems are manual, while others are partially or fully automated. Trading systems based on technical analysis are most common, but there are systematic traders who use fundamental data or quantitative analysis for their trading signals.