Beginner's Trading Guide

 Beginner's Trading Guide

Are you interested in learning how to trade and become an independent trader quickly? Look no further! We have all the necessary resources to teach and train you in the safest and most comprehensive ways for free in 2023. Open an account and take advantage of our online trading education and a wide range of trading tools.

Explore more than 55 educational trading lessons for beginners, an e-book on Forex, and various online trading courses. Then, test out the top-notch trading platforms available at AvaTrade using our trading simulator.

Contents

Getting Started with Trading

Preparation Before Trading

How Much Money Do You Need to Start?

Keys to Success

Continued Learning

Getting Started with Trading

Create a trading account and begin your training with our 100% free platform.

Once you're ready, you'll have the ability to trade cryptocurrencies, stocks, indices, and Forex with a regulated international broker since 2006! Here are the steps to start trading now:

Open a trading account

Fund your account

Start placing your first trades

Congratulations! You are now a trader (beginner)

✔️ Trade in just one minute ✔️ No hidden fees ✔️ Regulated broker

Join now or subscribe for a demo account

Preparation Before You Start Trading

One of the most valuable tips we can offer to new traders aiming for success is to take their time.

Don't dive in headfirst and trade at maximum volume. Work your way up until you feel comfortable with the fundamental system and financial instruments.

Trading with a real account introduces emotions and pressure into your trades, which will diminish as you gain experience.

Furthermore, you don't want to deplete your account and lose all your funds on the first day! This brings us to the next topic:

How Much Money Do You Need to Get Started?

This is one of the most frequently asked questions by new traders seeking advice.

The amount of capital you need depends on whether you want trading to be your full-time income or just an additional option for earning a few extra dollars here and there.

As you may know, some successful traders who opened a small trading account with AvaTrade with just $500 managed to turn it into over a million dollars in just a few years.

This is an extreme example, and even the most experienced traders would find it challenging to replicate such performance.

However, it's important to note that you don't need a significant amount of money to start trading!

Nevertheless, there are two questions you need to ask yourself when determining your required amount:

How much do you want to earn per day?

To what extent should you engage in daily trading?

Once you have the answers to these questions, you simply need to perform some basic calculations.

Let's say you want to make $100 per day, but you only have $1,000 in your trading account.

This means that if you trade a stock priced at $2.00 per share, you can purchase 500 shares. For you to reach your $100 goal, the stock would need to increase by 20 cents in your favor.

This is a simplified example, as we haven't taken into account the leverage effect, which would provide you with greater purchasing power.

To understand leverage, you can take a look at our trading video section, which will help you grasp the precise amount of money you should target when opening your trading account.