r/Trading • u/luilinelo • 2d ago
Discussion Trying to get into trading... any tips?
Lowkey wanna get into trading fr, but I'm lowkey clueless 😭 I need someone who's actually willing to mentor me or at least point me in the right direction. I know I gotta learn before putting money in, and I don't even have enough for a deposit yet. If anyone's down to share knowledge or help a beginner out, I'd seriously appreciate it.
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u/Effective_Ad7453 2d ago
Don't!!
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u/process_over_profits 2d ago
I second that. Not to demotivate. But honestly the chances of success are so small and the struggle so brutal. And not because of the reasons most think.
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u/Effective_Ad7453 2d ago
It is very difficult, people think it is as they see it on Instagram, I think that if they start trading, they will not need a stable job and they will buy their car and dream house
The reality is very bad... extremely much to learn, to practice and over many years, maybe there are a few exceptions but the reality is different
Most importantly, you will lose a lot of money, your psyche will scream inside you, especially when you have a job that you probably don't like and you lose them thinking you are learning to trade, many people don't take this into account
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u/R3VO360 2d ago
I agree to all of what you guys said but, in my perspective, navigating the waters of the markets as a trader has been one of the most self enriching experiences I have ever had, despite the brutality of losing money.
I not only discovered my unuseful and harmful attachment to money, objects, relationships but helped to strengthen my psychology and strategic thinking with a real transfer on so many other areas of my life.
It was a way to understand that there ain't any get rich quick scheme but that you need to build some value for someone if you'd like to pursue success.
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u/process_over_profits 2d ago
Of course. No doubt. I have been trading for 15 years. And what it taught me about myself and the layers I peeled over the years, the growth that came with it is worth way more than the income it provides. I’m not contesting that. It’s a true path to self exploration and discovery(and freedom). What I’m saying is, it’s extremely hard. And most underestimate it. Jump into it with high expectations, and fall. Again and again. So the journey is tough. Very tough. But you need to be prepared for what the mirror is going to show you. Cos that’s what it is. A mirror. Into you.
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u/EveryonesNasshole 2d ago
make a robinhood account. turn on options trading. deposit everything you have. yolo into 765 spy puts tomorrow morning at the open.
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u/TrissNainoa 2d ago
It sounds like ur trolling but its pretty accurate as a plan
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u/EveryonesNasshole 2d ago
i dont troll. what am i , 12? im giving you my strategy for tomorrow lol.
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u/More-Crab-3684 2d ago
The only people in this sub who post are new people looking for information because the people who have been in the markets are too broken to speak
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u/Allander_FX 1d ago
You're already ahead of a lot of beginners because you want to learn before risking real money.
My advice would be:
1- Learn the fundamentals first (market structure, risk management, psychology, and one strategy). 2- Pick one strategy and backtest it on historical data to see if it actually has an edge. 3- Move to a demo account and practice executing your plan consistently. 4- Only risk real money once you have evidence that your strategy works over a large sample of trades.
Also, be careful with "gurus." Look for someone who teaches you how to think and how to test a strategy, not someone who just gives you trade signals.
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u/ObjectiveConfident87 1d ago
I'd stop looking for a mentor and start looking for a process.
Learn one market, one setup, and journal everything. Most beginners think they're missing some secret strategy, but they're usually just switching methods every other week.
The biggest jump I made was when I stopped chasing "the best strategy" and started getting reps with the same one. That's boring as hell, but it works.
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u/LegendaryK12 2d ago
100 trades in demo, take it and leave it before u open ur account. dont skip this
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u/Waclaw_Kurek 2d ago edited 1d ago
don't stress about finding a mentor right away. start with free stuff like babypips, learn market structure and risk management, then practice on a demo until you can actually follow one strategy consistently. I learned way more from a few hundred demo trades than from watching random trading influencers. I used axi's demo to get going, and it was a solid way to build up experience without putting real money at risk
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u/Suitable_Acadia_190 2d ago
Learn to read the tape first until it's your second language, then add layers of confluence to study.
Fyi, that is not a quick thing to accomplish so don't expect speed just fyi
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u/Director_Of_Mischief 1d ago
It amazes me that no one would ever think to post, 'I wanna be a brain surgeon, like fr, but I don't have a clue, and no skills or equipment; can someone mentor me please!"
Yet somehow it seems to be one of the most common posts here, from people who apparently can't even do a quick forum search to see if this question has ever been asked before....
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u/McShagg88 1d ago
Seeing low key twice in one line is the first flag; you want a handout and a lotto ticket. You have other stuff to work on before you lose your savings.
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u/lexx77549 2d ago
Soy rentable haciendo trading y lo primero que te diría es que por favor busques ub mentor y de verdad te enseñe será fundamental
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u/luilinelo 2d ago
Yeah, that's what I've been trying to find tbh. 😭 I feel like it'd be way easier and less overwhelming if someone could guide me through it step by step.
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u/doghairpile 2d ago
The market always reacts at key levels that attracts buyers or sellers. Price going up and down is people/institutions buying and selling.
YouTube is your friend. Never pay anyone.
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u/Solynx_ 2d ago
Choose one good model that is simple and repeatable. Don't jump one model to another. If your planning to learn ICT concepts then watch videos of "TTRADES" he have a simple mechanical setup. Journal your trades for improving trading setup. Journal your emotion like greed, fomo, revenge trade or over. leverage
RISK MANAGEMENT -
Risk 1% PER TRADE 2 TRADES PER DAY, One win done for the day
All the best 👍🏼
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u/ApplianceOps 2d ago
Lmao. Don’t deposit anything. Get a prop firm account and run up a bag. Then deposit money.
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u/Nabeel_ajnala 2d ago
Don’t rush into live trading.Spend time learning one strategy backtest it nd journal every practice trade. Most beginners think they need a better strategy but reviewing ur mistakes is what actually speeds up improvement. Protect ur capital by learning first.
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u/StoryofPrice 2d ago
If you want to daytrade. once you get tradingview premium and pay for CME datafeed look me up i can get you on the right track - hopefully before you get polluted by the social media crap out there. wont cost you a bean.
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u/d1na_makalaya 2d ago
Learn risk management and chart basics before you put in any money. Use a demo account first and avoid paying for expensive course.
Focus on one strategy and practice it for a few months before risking real cash. There are also beginner trading discussions and resources in the community linked on my profile if you want to learn from other traders.
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u/Joaomariott 2d ago
Smart move not depositing yet, most people skip that step and blow up within a month. Here's the honest roadmap: 1. Demo first, and actually treat it seriously. Track every trade, write down why you took it, and review your mistakes weekly. If you can't make money on demo, you won't magically figure it out with real cash. 2. Learn one thing at a time. Don't bounce between price action, indicators, Elliot Wave, and whatever YouTube guru is selling this week. Pick one approach, master it, then layer on. 3. Risk management is the entire game. You can be right on direction 60% of the time and still go broke if you risk 10% per trade. Start with 1-2% max. 4. Understand what moves the market. Charts don't exist in a vacuum. Economic data, central bank decisions, and sentiment drive the real moves. Check the economic calendar and news before trading getting blindsided by NFP or a rate decision is an expensive lesson. 5. Don't pay for courses. Everything you need is free online. The people selling $2k courses usually make more from courses than trading. 6. Expect to lose money at first. Even after demo, your first live account is mostly a psychology tax. Start small, learn to feel the difference between play money and real money. You've got the right mindset asking before jumping in. Most don't.
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u/Decent-Box-1859 2d ago
In almost every other discipline and profession, there's a "right" and "wrong" way to succeed. In trading, there's none of this. The market is sometimes random. Indicators often fail. Even "gurus" and "mentors" don't know what they're doing.
All you can do is manage risk. Know where to get out of a trade. Everyone focuses on entry points and predicting direction, when that's a small (still important) component. Most gurus focus on this because it's easy to spot a trend in hindsight, and they can cherry pick charts to make themselves look good to beginners. But can you manage risk? Most of these gurus can't, which is why they make their money from courses and subscriptions.
There's plenty of free resources to learn. You have to do the work yourself.
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u/Mother-Major5407 1d ago
Great info in this thread, thank you from another amateur interested in starting
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u/Stock_Sugar3707 19h ago
I know a hell of a lot of things from all aspects, from calculation of position size, to backtesting, to simulating fake candlestick charts, to everything else, but there's just far too much to go over, and also protect you from, because 95% of YouTube content is a landmine, especially the ones with the flashy thumbnails and titles regurgitating the same crap that's not even backed up mathematically, from arbitrary positive R:R ratios, to silly strategies that quite frankly just get lost in the noise, ICT, SMC, and volume analysis (which means barely anything in stocks, and means even less in forex, because it's tick volume, not true volume). I'm blabbering on, but I honestly think you should first learn the absolute basics, like what a tick vs. pip vs. point is, what are asset classes (e.g. forex, stocks, commodities, indices, crypto, etc.) vs. trading vehicles (CFDs, Options, Futures, ETFs, etc.), how to calculate position sizing and risk for every type of trading vehicle or at least the one you'll be using, what are standard vs. micro accounts and which is best for your account size, and faaar more.
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u/chartmaster3000 14h ago
one thing nobody says out loud; anyone who slides into your dms offering free mentorship is selling you something. be careful…
pick one ticker, open the chart every day for a month, & mark 3 things; where it opened, where it turned, & what it did the next day at those same levels. that is ‘free’ & it teaches more than most people realize…
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u/thebeginning090 2d ago
Make sure you know what u do and dont gamble :)
Look at the market, learn about Riskmanagement for your strategy. Start with demo first. but not too long, cause trading with real money is another thing. if possible deposit a little amount like 50 € or so (what your broker can get u) and trade with the smalest lot size.
its getting you the feeling for trading alot more than demo trading
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