How to Invest & Trade Online for Beginners
By J.R. Guita
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About this ebook
Read this J.R. Guita book on your PC, Mac, smart phone, tablet or digital device or in paperback.
Everyone has to start somewhere in the business of making money with money. You must have the right information from the very first day if you want to become successful in this business. You don’t need to know everything all at one time nor could you, and you certainly don’t have to learn how to trade every asset class there is. You don’t need to become an expert in every conceivable aspect of trading. You should concentrate on becoming a specialist versus being a generalist.
Investing and trading is the best business in the world as far as I am concerned. The beautiful thing about the financial market is that it is ALWAYS going to be there!! You don't need to be in any hurry to rush in there. It is the only business I know of where you can do it from anywhere on the planet there is WIFI, so what could be wrong with playing 18 holes or being at the beach on a beautiful sunny day or flying to Europe to meet friends for the weekend and still be making unlimited amounts of money the whole time you’re doing it. You always have a chance to make money. It's virtually 24 hours a day, just like a bank ATM right? Isn’t that the type of business you would like to be in?
How to Invest & Trade Online for Beginners affords readers who are brand new to self-directed swing trading and investing the opportunity to really learn and expand their knowledge base as new self-directed traders. How to Invest & Trade Online for Beginners should be a must read for novice and inexperienced self-directed traders looking to build on their foundations and strategies. By knowing what to study from the start you can greatly reduce the huge learning curve there is in this business to be able to make money in the live markets on a consistent daily basis right away.
How to Invest & Trade Online for Beginners cuts right to the core and lays out a progressive foundation of principles on which you can begin trading any asset class for high profit as long as you have done the education and training the right way from the first day. How to Invest & Trade Online for Beginners will start any brand new self-directed investor, swing trader or position trader the right way to begin driving their money train down the right tracks directly to the bank.
How to Invest & Trade Online for Beginners is short; it takes the complexities of learning investing and trading and pares it down to the essentials. It does not have to be long to give you the basic information you need to actually make money trading. It is all up to you though, to take the information provided here and act on it with a vengeance if you want to make money right away once you begin trading live with real money. You will be a better and more prepared trader after reading How to Invest & Trade Online for Beginners.
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How to Invest & Trade Online for Beginners - J.R. Guita
How to Invest & Trade Online for Beginners
Best Beginners Trading Method for High Profit
By J.R. Guita
Copyright 2016
How to use this book
How to Invest & Trade Online for Beginners is written to provide straightforward, easy to understand and easy to apply advice, tips and techniques that can be the backbone of any traders success in the financial markets.
Use How to Invest & Trade Online for Beginners as an overview or a guide if you will, to what to study and learn first to become consistently profitable from investing and trading. I give you concise information as to what to learn first and what to look for as far as further information is concerned. I tell you only the most critical things to learn first because those are absolutely the most important and the ones that will make you money right away if you do them.
Instead of trying to read How to Invest & Trade Online for Beginners fast I recommend that you go slow and look up and search for the main things the book talks about that will help you to become successful right away. Skip over anything that is important and it could for sure cause you to lose some money. No one wants that now, right?
If you need to study each thing one at a time so you can fully grasp it so be it. You do not need to be in any hurry. The market is always going to be there waiting to give you a chance to make money. You can start trading today on as little as $500 capital to start with.
I also did not put all the history of financial markets and all the stats in How to Invest & Trade Online for Beginners. You can look all of that up online at your leisure if you want to know that information. While it is good to know, it will not make you real money in the live markets every day.
You’re asking yourself what will make you money every day in the live markets. Let’s get to it shall we.
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Table of Contents
How to use this book
Know why you are getting into trading before you do anything
What you’ll need for a barebones office setup at home
Brand new investors and traders make a lot of expensive mistakes – now you won’t
Do you want to win, be right or make money?
The pitfalls of demo trading – why new traders lose all their money
That big ego won’t help in the live market against the best traders in the world – lose it
You will become a money manager and a money maker
Reading price action on a chart is a must learn skill
Supply and demand are what markets work on – there’s you’re trading method
Easiest Beginner Trading Method to Learn – End of Day Method
Break the rules in this game and you get eaten by sharks
Bonus chapters for beginners
Some real world examples to really get you thinking
You don’t all those fancy indicators to make a lot of money
Always follow the path of least resistance
My final advice to new beginner investors and traders
Bonus section
Extra links
Glossary
Disclaimer
Know why you are getting into trading before you do anything
Begin with the end in mind I always say. There are a lot of things to consider when thinking about becoming a professional market investor and trader. You are the one who is making the decision to get into the trading and investing business, no one is making you do it. It is a big step for someone to take the plunge into the world of making money with money. One has to look inside one’s self and ask some very hard questions before they start driving their own money train down the tracks to riches in the live markets.
It is very important to have figured out what your ultimate goals are before you step foot into the markets with your hard earned real money. Questions I ask new people are: are you trading for short term income or long term wealth building? Are you trying to build up your account balance to be able to take on more risk and trade larger size? I ask them why they want to do this business. I ask them if they know what their goals for the long term are and if they are thinking with a long term perspective.
If a new investor or trader cannot answer these questions right away I just encourage them to stay out of the live markets until they can answer them and be honest. I also will ask them how much capital they plan to enter the live markets to work with. There is no point in trying to enter the live markets with scared money.
Here are some of the main things you need to ask yourself and have made a decision on before you get going. Are you trading for short term income? Are you trading to build up an account balance so you can start trading multiple shares, lots or contracts? Are you trading for long term wealth goals and/or retirement and wish to be a buy and hold type of investor?
What kind of investor or trader do you desire to be? You should know this before beginning this business. Figure out what style of investing or trading suits your personality the best. Do you want to day trade, swing trade, or position trade? What kind of time are you looking to put in on a daily basis? What kind of returns are you looking at monetarily? Are you the type of person who has a lot of time to devote to looking at charts in the live market to be a day trader? While I do not recommend day trading, it is possible; however, it requires a lot of time, preparation and a large amount capital. I know very few successful day traders.
While I do not recommend day trading, it is possible; however, it requires a lot of time, preparation and a large amount capital. I know very few successful day traders. But if you are going to try it, How to Invest & Trade Online for Beginners will tell you how you can do it with as little as $500 to start off.
There are only a few different ways to be a market speculator - which way is best for you? You would either become an intraday trader, a swing trader or position trader. Do you like action? Maybe you want to be a scalper and get in and out of trades very quickly and take many trades in one day. You need a speedy internet connection for this type of trading.
I am sorry to inform you that there is no such thing as scalping unless you are an algorithm. Are you an algorithm? I think not! Even if you could scalp you would need to be using an account size of five hundred thousand dollars or more to make it worth the costs that you would incur doing that type of trading. Don’t be a kook and try it because as a retail trader you will lose all of your freakin money. ALLLLL OOOOOF ITTTTTT!
If you want to swing trade, you will need to have the capital in your account to handle the overnight margin requirement of whatever your chosen instrument is to work in. CAUTION: If you are new and have to use leverage to trade, you just shouldn’t trade. Stay out until you have sufficient capital to go into the market and be able to have a chance to make money.
You can also become a position investor and trader and keep positions for a long term time horizon. Most position investors and traders are in a position for months and sometimes years. These are the most successful consistently profitable money making investors and traders in the business. It is this type of investing and trading which over the long term makes the most amount of money.
One of the reasons this type of investing and trading is so profitable is because the expenses associated with this type of market action are low and do not add up as quickly as they do with other types of trading. Remember it takes money to make money and also costs money to make money in the live markets.
If you would like to be more of an investor or position trader, then you will also need to be well-funded to sustain a draw-down on a position of as much as 50 percent. Should you not have the mental wherewithal to sit through a 50 percent draw-down on any given position in your portfolio, then again I recommend just staying out of the live markets until you have the psychological makeup to do so.
The next thing you need to make a decision on before doing anything is how much money you plan to capitalize your new investing and trading business with. As has been said before and will be said again right here and now. Only trade with money you can afford to lose.
Here is a visualization you can do to get that last sentence in perspective as a newbie. Picture yourself throwing your starting capital into your barbeque, turning the barbeque all the way up to the highest flame or like we were discussing earlier throwing all your hard earned money into the bon fire at the party you’re throwing for yourself for starting your new trading business then watching your money burn up in flames and smoke right before your very eyes.
I recommend picking one style of investing or trading and becoming an expert at it. Find a few instruments you like and study their price action and work in those exclusively. You do not need to work in every asset class there is. You also do not need to be in the market all the time because cash is also a position.
I strongly recommend you know what type of market investor or trader you desire to be and whether you will be active or passive and before you start to study or learn any information related to market investing. Being well prepared can help cut down on the long learning curve there is to becoming successful in this business.
There are a lot of serious realistic questions you must ask yourself and have answered truthfully before you begin in this business and especially before you put any of your hard earned money on the line in the live markets. My best advice to you in this section is to get real about what you think trading is. Do some research if you have not already; learn what is realistic, and what is not in this business. You will save yourself a lot of time and money. Start your trading business with realistic goals and reasonable expectations; you’ll set yourself up for better success.
The more of these questions you have answered before you begin to do anything in this business the better prepared you will be to become successful. There are no guarantees in the market. It is all about preparedness and you are the only one making you do this business so I encourage you to listen to the advice given in this section very carefully. It is strongly recommended that you have all of the above issues resolved before taking any action with real money in the live markets.
It all starts with you. It also ends there if you’re not diligent in what you do. Once have you have decided on how you approach the market it is important to stick with your decision. Are you going to trade futures, spot Forex or Forex futures or both? Do you know the difference?
If you are going to trade Forex are you going to do it in the spot Forex or the Forex futures? There is a big difference at what you can get away with in each one and you should know the differences between