InvestorQ : how do I learn about trading?
Omkar Jayant Sathe made post

how do I learn about trading?

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krithika Saxena answered.
1 year ago

The first things to start is by reading about financial articles, stock market books, website tutorials, etc. Though it might seem to most of the people that trading is just like gambling but it's not. A trader uses many techniques, rules, and charts before any order, like Stop-loss, support or resistance level, Target price, etc.

  1. First Open a Demat and trading account
  2. Then once you feel that you have done enough of reading then, start with observing and applying what all you have learned so far. Understand the technical strategies like candlestick, moving averages, RSI, straddle, strangle and many more. But don’t ignore the fundamentals part of the company, as this will make your analysis and strategy more strong.
  3. If you want to start trading then start with paper trading for your initial transactions. It means that do all order and analyse required for trading but on a piece of a paper. Check the movements and order, put set a stop loss, set a target to this paper trading.
  4. After you gain confidence, start online trading with a small amount from your real money and understand the real-market pressure before trading on a big amount.

Traders perform trade to Hedge, Speculate, or arbitrage from buying and selling stock throughout the day with a certain target for stock prices.