Education

Do That BEFORE You Start REAL ACCOUNT Trading

Here is the list of thing that you should learn in advance before you start trading on a real account.

1) Open a demo (practice) account and learn to execute trades without making errors

2) Study the methods of great traders and financial minds throughout history - Jesse Livermore, W D Gann, Charles Dow/Dow theory, Paul Tudor Jones,Richard Wyckoff.
Learn their methods and employ them. Learn their mistakes and avoid them.

3) Focus on learning, not winning. Forget about money and profits. Think about developing a winning strategy and a winning trading mindset. Always be open-minded. Observe. Be flexible.

4) I recommend reading the following books. These books will help you to start to think like a trader and realize what you are getting yourself into:

a) "Reminiscences of a Stock Operator" by Edwin Lefevre

b) "Art of War" by Sun Tzu (Not a trading book but an old book on rules of war and how to protect yourself from being outsmarted and defeated by your enemies)

c) "The Trading Methodologies of W.D. Gann" by Hima Reddy

d) "Time Compression Trading: Exploiting Multiple Time Frames in Zero Sum Markets" by Jason Alan Jankovsky

e) "Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude" by Mark Douglas

5) Watch YouTube videos. Absorb all the info you can as the more you know, the more the pieces of the puzzle fit together later on. You can learn the basics of trading on your own and then when you are ready to take your trading to the next level.

To win the game, you need to develop your thinking and how you participate in the game. You are in a market trading against professional traders. The beginning traders in the market are not your competition-they are incidental. You need to trade with the professional traders who run the market.

I wish you luck on a battle field!

Please, like this post and subscribe to our tradingview page!👍

EliteTradingSignals

✅JOIN my FREE Telegram Channel: t.me/elitetrading_signals
✅Contact: @elitetradingsignals_contact

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.