How to become a trader from scratch? How to build successful strategies: expert advice

The XXI century is in the yard, and many types of investment are no longer as attractive as they used to be. Now, as never before, there was a need for a new kind of investment and making money. For many, the unknown are the international financial markets, on the site of which you can get a serious income. Participants are traders who sell various financial instruments in order to profit from the difference in their value. But how to become a trader from scratch?

To do this, it is necessary, first of all, to equip your workplace with a computer or laptop, which has an uninterrupted access to the Internet. Some professional traders use several monitors in order to obtain information from different stock exchanges. For a comfortable and convenient trade anywhere, wherever you are, there are mobile gadgets. It is enough only to establish certain trading platforms.

It is also necessary to provide access to international financial markets. To start trading you need to access the trading floors and register a brokerage account.

Choosing a brokerage company

When choosing a brokerage company, it is necessary to take into account the following factors:

• The company must have the necessary package of documents that authorize this type of activity in accordance with the laws of our country, including a license.
• An important time is the existence of the company, its experience and feedback about it. In order to obtain reliable information about the broker, it is necessary to find the official website of the company and get acquainted with the terms and conditions that it provides.
• The broker must provide access to the trading floors for all types of financial instruments. For example, a client wants to trade in foreign currency, then the broker must provide access to the interbank foreign exchange market, and when trading on a gold / silver pair - on the spot market.
• Important and the terms of service, dictated by the broker. They should guarantee a low interest for leverage, minimum spreads, a small commission for input and withdrawal operations. Also, the broker must provide a trading platform.

How to choose a trading platform?

First of all, it is necessary to test all proposed sites for trading. This will help the demo account with virtual means.

All trading platforms can be divided into three groups:

• Software for computers with subsequent installation.
• Software for laptops. These are browser versions that you do not need to install on your PC.
• Software for gadgets. It is intended, first of all, for tablets and smartphones. Unlike the previous ones, it is limited in its functionality.

The most famous and widespread trading platforms among Russian traders are QUICK, MetaTrader, Web2L, Mirror Trader, Markets Trader.

Knowledge and skills

To become a trader, you need to have the appropriate knowledge and skills (trading strategies). In order to develop your tactics, you need to feel the market, to study all kinds of analyzes. The stock trader primarily uses a fundamental analysis showing the main economic and political news. And then he looks at the charts, applying technical analysis with various computer indicators. Only such knowledge, the ability to predict the dynamics of prices allow us to understand the specifics of this field of activity.

But in order to understand how to become a trader from scratch, it is recommended to enroll in training courses. Professional brokers or managers will help to learn the basic terminology and in practice to show the most successful trading strategies.

Courses of traders mean both distance learning and full-time form. Studying at home, it is possible to get the basics of trading without losing too much time. But getting knowledge and information in direct communication with a specialist will allow you to communicate with other beginning and acting experts in this field, attend master classes of analysts and the best forex brokers.

To become a trader, investment is needed. At the initial stage it is recommended to start trading on a demo account in order to understand the specifics of price dynamics, the psychology of the market and, importantly, not to lose your funds. To understand how to become a trader from scratch and do not suffer losses, you must adhere to discipline in your work. Profit on Forex is not a Russian roulette where there is a question of a person's luck, it is a strictly calculated tactic that takes into account the nuances of price movement, skills, skills and, accordingly, discipline.

Basic rules for trading

Particular importance should be given to their own organization and psychological stability. This is manifested when closing positions (it does not matter, positive or negative orders). When closing profitable operations, greed may appear. Then the trader "Forex", in spite of any signals to the reversal of the trend, will continue to wait for more and more profits, which will lead to serious losses. When closing negative positions, lack of discipline, excessive experience for one's own means can also negatively affect the outcome.

Trader "Forex" is a businessman who is the only boss in his business and himself. This is the trick. Few can boast of self-discipline and willpower. In order not to lose the invested funds, it is necessary to draw up a trading plan, in which daily profit, trading tactics will be prescribed, and stop-loss and take-profits are specified. This will help to avoid making quick decisions in difficult situations and will not allow greed or fear to make a serious loss out of profit.

Starting work on the foreign exchange market, you need to consider all possible risks. The most important thing is a clear calculation and a cold mind, without emotions and ambitions.

The concept of trading strategy

The trader's school involves teaching certain trading strategies. They are understood as the basic rules and conditions under which a trader performs certain actions in the foreign exchange market. Each strategy has its own nuances and subtleties, which you need to know and, importantly, to understand them. The choice is great, and the beginner is sometimes very difficult to decide. Before becoming a trader from scratch, he will spend a huge amount of time until he finds a suitable strategy for himself.

Along with the notion of "strategy" there is also the expression "trading system". All the specific terms a trader should know. Training, which takes place in full-time, involves the analysis of this concept in practical exercises. It includes a certain number of indicators, oscillators, methods of correct entry and exit from the market. Before becoming a professional trader, you need to study these two concepts - "trading strategy" and "trading system."

Main trading strategies

They can be divided into the main subspecies:

• Trend;
• Flat;
• Indicator;
• Unacknowledged;
• Algorithmic.

These species are considered basic, and, taking into account their characteristics, certain strategies are drawn up.

Trend and flat can be both indicator and unguided strategies. The trend is determined in two ways. The first one is based on lines that are built directly on the graph. The second - on the indicators, which allow to reveal the direction of price movement.

Algorithmic strategies are considered universal. They can not be tied to a single instrument. They work in both trendy and in the tactical tactics.

Indicator strategies

Here it is possible to carry tactics of trade with application of indicators. There are standard types of them, such as moving averages, oscillators, showing the volume of transactions and participants in the market. There are also custom indicators that are worked out by professionals. All this should be well understood by the trader. Training with literate professionals will help to sort things out.

Unguided strategies

When trading with the application of this tactic, you only need to determine the direction of the price movement, accordingly, for this you will need trend lines that are drawn directly on the chart. They have two bases - support and resistance lines.

Before becoming a professional trader, all newcomers learn to correctly determine the trend and build the lines that determine it. The strategy is a unique and interesting theory, various techniques. Their newcomers in the trade should study, work out and apply to create their own arsenal of trading tools.

There are also varieties of this strategy:

• Trade for penetration and retreat from the resistance line or support.
• Trade with figures that are subdivided into figures of continuation and reversal trends. The latter include head and shoulders, an inverted head and shoulders, a double base, a double top. The figures of the continuation of the trend are the triangle, flag, pendant.
• Candlestick analysis. This can include various candle patterns and their combinations.

The best trading strategy

The best traders in Russia and abroad under the optimal strategy mean the one that the beginner fully accepted, worked and tested in practice.

There are also types of trade:

• Trading in one day, when during this time several operations are performed;
• Short-term trading, when transactions last for several days;
• Medium-term trade, when positions can be opened and closed for a week or a month;
• Long-term trade, when there is a so-called investment in currency, and transactions can last for several years.

It is the trader's school that will help you decide on your own tactics of trade and teach you how to master the basic tools that are present in the trades.