How To Learn Trading For Beginners | 0981

How To Learn Trading For Beginners

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If you are willing to learn trading then you need to know the rules of trading and the types of trading. There is a process of learning and trading, only then you will be able to trade properly. Let us know how many types of trading are there.

Types of Trading

Intraday Trading – This means that you have to buy or sell a share only during the stipulated time of the stock market. India's stock market timings are from 9 am to 3:30 pm. Intraday trading takes place only during this scheduled time. Intraday trading is for those who can devote their entire day to the market. Anything else is not possible with intraday. Only full-time traders do this. If you have time to give 6 hours to the market then only you can do intraday trading.

Swing Trading – This trading is for those who do the job or any business. For this, you do not need to sit in the market the whole day. You do not have any time limit for swing trading. After buying any share, you can sell it whenever you want. Swing trading is mostly done by those people who have less time and do some other work and follow the stock market part-time.

Now first of all you have to decide what type of trading you want to do. You should choose trading according to how much time you can give to the stock market.

Learn to trade this way

To learn to trade, you need to know technical analysis i.e. chart reading. If you do not know anything about trading then you will have to give some time to the market. You have to practice in a live market. You will know where you should buy and sell any stock only after learning technical analysis. Well, every trader learns things in his way and makes his strategy. But you need to know everything in trading because the more knowledge you have, the more benefit you will get. So let us know what things you can learn to learn trading.

• In trading, you need to know about support and resistance because it tells you from where the price of a stock can go up or down.
• In trading, you should be aware of price action because it tells whether a stock is in an uptrend or downtrend.
• It is important to know about candlestick patterns in trading. Because with this you can plan your trade and take trade in the right direction.
• In trading, you can get information about trendlines as they also help you in planning your trade.
• You can do paper trading before investing your own money. You will find many platforms for paper trading.
• If those people who have made money in trading are on YouTube, then you can learn trading methods and trading discipline from them.
• Find out the accuracy of the trading strategy you want to work on by backtesting it for the first 100 trades and only then start working on it.

rules of trading

If you have decided what kind of trading you want to do, then now you should know the rules of trading. Some people mistake trading as easy and end up making losses. If you want to get into trading, you will have to follow the rules. Those who trade without rules are not successful in the stock market. So let us know the rules of trading.

Do not enter trading without stock market knowledge.

• Practice in the stock market for at least 1 year before getting into trading.
• Make a strategy for trading and work on it only.
• Trading is not possible without risk reward and money management. That means you should know how much loss or profit you have to make in the trade.
• If you are completely new to the market then first learn technical analysis and do paper trading.
• Make rules for trading and follow those rules.
• Profit and loss are both a part of stock market trading. Therefore, do not be disappointed when there is a loss, and do not jump too much when there is a profit.
• Do not trade at all without stopping loss. If your trade goes wrong and you start incurring losses, then you should know how much loss you can take in this trade.
• Never tamper with quantity.
• Learn to control your emotions in trading.
• Do not trade anywhere without a trade plan.
• If your strategy does not give you a trade then do not force yourself to take a trade anywhere.