Basic Day Trading for Beginners
By Joe Soldi
3.5/5
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About this ebook
Read this Joe Soldi book on your PC, Mac, smart phone, tablet or digital device or in paperback.
This short book can fast track your long learning curve so you can begin making lots of money right away. If you want to make money right away from your new investing and trading business this short book can expedite the amount of time it takes and enables you to make money - right away.
The information in Basic Day Trading for Beginners has been written to save time and money for a brand new investor and trader, so they don’t waste a lot of either when they are first starting out and don’t know what to do. When first starting off in the investing and trading business new people make a lot of mistakes which can cost them a lot of money and Basic Day Trading for Beginners has some tips and tricks to help the new investor and trader reduce those costly errors.
There are links to some references in the book which I have made clickable for your ease of use. All you need to do is click on the link and it should take you directly to the information in the reference, all clickable links were live as of the writing of this book. I encourage you to do more research on your own after having read this entire book once or twice. You will not be able to digest all of the information Basic Day Trading for Beginners provides in one reading as a beginner.
When you are done reading Basic Day Trading for Beginners you will have an excellent basic explanation of what and what not to do before you even study anything or do any kind of education. The information in Basic Day Trading for Beginners will put you on the fast track to becoming a successful self-directed financial market investor and trader with very little money invested other than the cost of this book.
After having read this entire book you will be able to make the first decisions as to what you want to study and how you plan to do your education in order for you to be able to make your own self-directed investment decisions with real money in the live currency, stock or futures markets.
Read more from Joe Soldi
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Reviews for Basic Day Trading for Beginners
6 ratings1 review
- Rating: 1 out of 5 stars1/5Very poor writing. Do not recommend! Waste of time.!!
Worst reading ever..
Book preview
Basic Day Trading for Beginners - Joe Soldi
Basic Day Trading for Beginners
How to gain Financial Freedom in 1 year
By Joe Soldi
Copyright 2015
How this book can be used by you right away
The information in Basic Day Trading for Beginners can give you a head start on your education and training learning curve and get you on the fast track to making real money right away in the live financial markets. It will be up to you to follow the advice in the book though. There are lots of decisions to make before you even learning anything or study anything. Again I will say, I recommend you take your time and learn to do this business the right way from the first day. Doing it any other way can and will get your trading capital account FUBAR.
There are links to some references in the book which I have made clickable for your ease of use. All you need to do is click on the link and it should take you directly to the information in the reference, all clickable links were live as of the writing of this book. I encourage you to do more research on your own after having read this entire book once or twice. You will not be able to digest all of the information this book provides in one reading as a beginner.
Here is one tip I will give you before you get going. If you are going to day trade and trade live with real money and you have only been studying investing and trading for less than one year I recommend you only trade a micro account. You can do this on an account size of 500 dollars and still be in the live market making real trades with real money. You won’t make a lot of money however it will give you a taste of the live market environment both good and bad. If you want to try to earn as you learn this is the only way you can do it.
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Why you should read this entire book
The reason you bought Basic Day Trading for Beginners and why it is unique is that it is going to tell you about the who, what, where, when and how about what you need to know to be able to trade and invest in today's financial markets (or any tradable market) with confidence and zero fear and to be able to do it the right way from the start.
When you are done reading Basic Day Trading for Beginners you will have an excellent basic explanation of what and what not to do before you even study anything or do any kind of education. The information in this book will put you on the fast track to becoming a successful self-directed financial market investor and trader with very little money invested other than the cost of this book.
You will be able to make the first decisions as to what you want to study and how you plan to do your education in order for you to be able to make your own self-directed investment decisions with real money in the live currency, stock or futures markets.
There are a lot of pre-education and pre-trading decisions you will need to make before you spend any money on trading or capitalizing an account to trade live with. This book delivers a basic comprehensive guide to the proper tools and resources needed to help give you the best information to make some of those hardest decisions.
I wrote Basic Day Trading for Beginners for all beginning aspiring investors and traders who are just getting their head around doing the day trading and swing trading business and wish to gain financial freedom. Everyone has their own ideas of what they think day trading and swing trading are and what it can do for them. This book is for beginners and will detail many of the things that a brand new trader must learn not to do before they can become consistently profitable in the live markets.
Picture yourself throwing all your startup capital into the bon fire at the party you’ll throw for yourself for starting your new trading business up and watch it burn up in smoke and flames right before your very eyes. You smell that? That’s all your money burning up because you went to fast or did not learn what to do the right way from the first day of your business and did not develop the needed edge to compete at the highest level. Trust me when I say, the sharks in the market will chomp up your trading account without hesitation. We’ll get to the sharks a little later on in the book so you know who they are and what they can do to you as a brand new beginner trader.
The road to success in investing and trading as I always say is paved with the smoking blown up accounts of investors and traders. It did not have to be a long hard and expensive road though. It can be a road paved with gold and be fairly easy if you just take time to learn this business the right way from the start on your first day, keep it simple and it will be.
Like most other professional traders and investors I associate with we are already there and have made it. I have the information YOU need so ask yourself the question am I ready to receive this valuable information and act on it. It's rare in the trading and investing business you run into a person like me who really does want you to succeed and has your best interests at heart.
Most individuals in this business are junk ware selling locusts preying on new traders who are gullible and don't know any better. I'm certainly not one of them, and as I said above I have the information you need. Do you want it? Matter of fact, it's at this juncture I can say I want you to get rich and succeed at your new business however I can't MAKE you do it.
While I love mentoring brand new traders, I have them working on daily charts learning supply and demand trading ON DAILY CHARTS! If you want to get into the financial market investing and trading business and you want to make money, LOTS OF IT, you would want to be doing what the smart money does right? Smart money doesn’t day trade, they don’t use five minute charts, and they don’t try to scalp, why, because they are in this business to make money, scads of it!
Basic Day Trading for Beginners is going to give you the brutal truth about day trading. What was it Jack Nicholson’s character Colonial Nathan Jessup said in the movie A Few Good Men? "You can’t handle the truth"! Do you want to invest and trade with real information or do you want to be lied too? The only thing in investing and trading that can’t lie to you is price action on your trading chart. Smart money cannot hide what they are doing in the market and it shows up on the price chart you look at every day you just need to be able to spot what they are doing where they are doing it.
Once I tell you the basics to investing and day trading the live financial markets to make money every day with the smart money I encourage you to incorporate the simple investing and trading principles you learn into your own core strategy when you put it together. Use the extra links provided at the end of the book to do more of your own research.
Your core strategy can and should be very simple and really all you will need to make money with the smart money every day in the live financial markets or any liquid market for that matter. I use this method every time I initiate a position in the live market after doing my due diligence and research.
Once you know what this method is you will find that is very practical and can be used it in the live financial markets in an intelligent and methodical way every day. When you have it down pat you will have a lethal double whammy method to make as much money as you want or need. The beauty of it is that it can be used in all liquid markets and all time frames making it a robust method that is easily repeatable across any asset.
The professional advice I give you in this book will empower you to have confidence and zero fear of going in the live markets and accurately initiating a low risk high reward position with which you can have a high probability outcome from being a live market participant. Becoming a successful self-directed investor and trader is not nearly as difficult as one would think as long as they have the proper education and proper knowledge base right from day one. It takes a while but you can do it!
I feel Basic Day Trading for Beginners does an excellent job in explaining the very first things a brand new investor and trader needs to know before even doing anything. It is meant to be a spring board for the very first educational information that a new person needs for a baseline to get started from.
Learning to change bad habits developed by having the wrong information to start off with are very hard to break. Listen to what it says to do in this book and don’t develop any bad habits to begin with and you could be cruising your money train down to the bank everyday consistently.
Another reason you should read this whole book is so that you can avoid the mistakes that 97% of retail sheeple of the herd and retail traders make from day one. The books in my brand new investor and trader series talk about those reasons in detail so that you don't have to waste years finding it all out the hard way and expensive way on your own. You’re welcome!
If you need to learn this business from the ground up then Basic Day Trading for Beginners is definitely a good starting point for you. I encourage you to read it as many times as it takes for it to become clear to you as to what you do and do not need to learn to be successful in this business from the start. There are no money back guarantees in the financial markets however you must know the right information from the start to have a chance of becoming consistently profitable and financially successful.
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Table of Contents
How this book can be used by you right away
Why you should read this entire book
Decide why you are doing this business then make a plan to get what you want
Beginners make a lot of mistake – now you won’t
If you want to be a great trader study and emulate someone successful
You must get the right education and training from day one
You must learn to read price action on a chart at a glance
Do you like money? Do you like your money?
It takes mental toughness to do this business – do you have it?
Your trading method makes all the difference in the world
Do you have rules? You’d better if you want to make lots of money trading
Develop a razor sharp edge to win over your competition
You must think like a Wall Street bank to make money like one
End of day trading is the easiest way for beginners to make money right away
My final advice to new beginner traders
Bonus section
A little something extra for you reading this entire book
Extra links
Glossary
Disclaimer
A little about me and how I learned to be consistently profitable
Decide why you are doing this business then make a plan to get what you want
Begin with the end in mind I always say. There are a lot of things to consider when thinking about becoming a professional market investor and trader. You are the one who is making the decision to get into the trading and investing business, no one is making you do it. It is a big step for someone to take the plunge into the world of making money with money. One has to look inside one’s self and ask some very hard questions before they start driving their own money train down the tracks to riches in the live markets.
When you are brand new to the business and just starting out it is very important to have figured out what your ultimate goals are before you ever step foot into the markets with your hard earned real money. Questions I ask new people who come to me for help are: are you trading for short term income or long term wealth building? Are you trying to build up your account balance to be able to take on more risk and trade larger size? I ask them why they want to do this business. I ask them if they know what their goals for the long term are and if they are thinking with a long term perspective.
If a new investor or trader cannot answer these questions right away I just encourage them to stay out of the live markets until they can answer them and be honest. I also will ask them how much capital they plan to enter the live markets to work with. There is no point in trying to enter the live markets with scared money.
There are as many different types of market investors and traders as there are assets to invest in. There is no one good or bad type of investor or trader, and there is no group of investors or traders who will do better than anyone else. Each personality type works in a different way. The markets need all types of investors to maintain a healthy balance.
There is a place for all types of investors and traders in the market, and while there are winners and losers in the market, the important thing is to pick a style that works for you. Once have you have decided on how you approach the market it is important to stick with your decision.
New people coming into this business make a lot of mistakes, one being that they don’t know what type of investor or trader they want to be. So when starting out ask yourself. What kind of investor or trader do you desire to be? You should know this before beginning this business.
You must have your goals determined before you ever even study anything or do anything in this business. To not be prepared is like placing your hand into an open flame. It’s very hot and you’re going to get burned. Same thing can be said for going into the live financial markets and not having the proper training. Only one thing will happen, YOU WILL LOSE ALL OF YOUR MONEY!
Here are some of the main things you need to ask yourself and have made a decision on before you get going. Are you trading for short term income? Are you trading to build up an account balance so you can start trading multiple shares, lots or contracts? Are you trading for long term wealth goals and/or retirement and wish to be a buy and hold type of investor?
What kind of investor or trader do you desire to be? You should know this before beginning this business. Figure out what style of investing or trading suits your personality the best. Do you want to day trade, swing trade, or position trade? What kind of time are you looking to put in on a daily basis? What kind of returns are you looking at monetarily? Are you the type of person who has a lot of time to devote to looking at charts in the live market to be a day trader?
While I do not recommend day trading, it is possible; however, it requires a lot of time, preparation and a large amount capital.