Learn How to Trade: A Step by Step Guide

March 19, 2020

Trading the monetary marketplaces never been more accessible compared to now. Using only an online connection and notebook, you might be investing in the trillion-dollar forex marketplace, the entire world biggest American corporations ever sold, and also perhaps the cost of petroleum from the wealthiest cartels on ground – one of others.


But with all these selections – finished 3,000 tradable marketplaces – the place you should start and how to start are often rather overwhelming and daunting. This is the reason it’s necessary to understand how to trade the marketplace in an ordered way. During step-by-step trading practice, you’ve got a much greater prospect of focusing on just how to trade confidently, success and purpose – to the remainder of one’s trading career.

Whether you’re buying retirement, then another revenue source or merely for that interest and interest of earth financial marketplaces, in regards to figuring out the way exactly to know trading, then where can you start? Right here of course!

In this article You’ll find:

  1. How to trade together with all the top tools, products and platforms at the financial sector
  2. How to find out trading Therefore you can locate the Best trading plan for you personally
  3. Where You Can find out the methods of a few of the best traders on earth
  4. The ‘Learn to Trade 4 Step Trading Plan’ in Order to take action directly away
  5. Where to Get the top complimentary trading applications, in Order to get and learn from specialist traders

Let’s obtain going!

How to Trade

Before you begin to understand to trade the marketplace, it’s critical to get the correct trader installation from the beginning. Afterall, there isn’t any use going through many of trading classes about the best way best to trade, simply to get out you don’t have the right trading tools and products to execute your trading ideas and plan.

Here are just some of the trading tools you need, to start learning how to trade:

1. A Broker

If you want to purchase the euro, gold, or stocks of Apple share, you need to find someone who owns what you want and is willing to sell it to you. This is what your broker does for you. Through their platform, they will connect you to other buyers and sellers in the currency marketplace or the share or futures exchange your product trades on.

You may never meet the person on the other side of your trade but thanks to super fast and innovative technology, you can purchase and sell the world’s financial marketplaces in seconds using marketplace orders placed with your broker. As your broker is where you deposit your capital to trade with, make sure they offer the highest regulation possible – so you know your capital is as safe as possible.

For example, investment firms operating under the Forexcaptain trademark offer the highest regulation from the UK’s Financial Conduct Authority, the Australian Securities and Investments Commission, and Estonian Financial Supervisory Authority and Cyprus Securities and Exchange Commission. Not only that, but the platform also includes a
Negative balance security policy to protect you from adverse movements in the marketplace.

2. A Trading & Charting Platform

Your trading and charting platform help you to view historical cost charts of the instrument you are trading, as well as provide you with the order tickets you need to place and manage your trades. Some people may have a charting platform that is separate from their brokerage platform. With the advent of advanced trading technology, you can now have your charting platform and brokerage platform all in one place with the MetaTrader suite of products.

Forexcaptain offers the following MetaTrader trading platforms:

  • MetaTrader 4
  • MetaTrader 5
  • MetaTrader WebTrader
  • MetaTrader Supreme Edition (A custom plugin for MetaTrader 4 and MetaTrader 5, created by Forexcaptain and professional trading experts)

Through the above platforms, you can trade across a variety of marketplaces such as indices, commodities and stocks. And, if you are keen to learn how to trade forex, all of the above platforms also offer forex trading.

Most importantly – with these platforms – you can trade on a demo trading account so you can implement the ‘Learn to Trade 4 Step Trading Plan’ – which you will learn further down the article – as well as practice your trading skills and strategies in a risk-free environment.

Once you have set yourself up correctly you can move on to trading courses and trading training as discussed next.

How to Learn Trading

Before we look at how to learn trading with the ‘Learn how to Trade 4 Step Trading Plan’, it may be useful to spend some time detailing the areas within trading, that you actually need to learn. For a beginner trader, it may seem obvious: ‘I desire to know all! ‘. However, even if that was possible, most people would find that extremely overwhelming. The key is to break it down into small bite-sized trading training chunks.

Here are just a few of the most important elements you need to start thinking about when learning how to trade:

1. Which timeframe will you trade?

Most traders often have busy lives outside of the marketplaces. Whether it is having a full-time job, a business or a family to look after, structuring your trading time is essential when learning how to trade. For example, if you are interested in learning how to trade forex you may be excited by the fact it is open twenty-fours a day, five days a week. It is unlikely you will be available for all of this time to look and trade the marketplace. Therefore, creating a routine can save you a lot of stress in the long run.

Knowing what times you should be looking at the marketplaces and which timeframes you are analysing can help with making trading decisions as it can structure your day. Many beginner traders check charts at random times and flit in the middle different timeframes – just looking for something. If you look at the marketplaces without a specific purpose you will most likely end up making rash decisions or feeling frustrated. In both cases, this can lead to poor decision making and a higher chance of trading losses.

There are three main trading sessions you can plan to trade in:

  1. The European session (6am – 5pm GMT)
  2. The US session (1pm – 9pm GMT)
  3. The Asia session (10pm – 5am GMT)

On your charting platform you have access to nine different chart timeframes:

  1. Monthly chart
  2. Weekly chart
  3. Daily chart
  4. 4 hour chart
  5. 1 hour chart
  6. 30 minute chart
  7. 15 minute chart
  8. 5 minute chart
  9. 1 minute chart

2. Which marketplaces will you focus on?

Once you have established which trading sessions and time frames suit your work and family life, the next step is to identify the best marketplaces for you to trade on during those times. Here are just some of the marketplaces available for you to trade with Forexcaptain via CFDs or exchange traded products:

  • Foreign Exchange
  • Stock Market Index
  • Commodity European Shares
  • UK Shares
  • US Shares
  • Stocks and ETFs

It is difficult to learn to trade on all of these marketplaces at the similarly time. Create a plan to start learning and trading on just one or two marketplaces before all else. When you start to feel more confident in what you do, then start to learn how to trade the other marketplaces.

3. What tools will you use in deciding to place a purchase or sell trade?

When making trading decisions to purchase or sell, most traders use either technical analysis or fundamental analysis and sometimes a combination of both.

Technical analysis is the study of cost charts and trading indicators. There are many different chart patterns and trading indicators available to traders. In fact, the Forexcaptain MetaTrader platform has a vast amount of free trading indicators that are designed to help identify trends and turning points in the marketplace.

Fundamental analysis is the study of economic data, or company news to identify trends and turning points. Most people believe a fundamental trader needs to be well educated in economics before they can use it to help with their decision making. However, this is not the case as there are plenty of
economic calendars and trading blogs that can help.

4. What risk management techniques will you use to exit your trade at a loss or in benefit?

Opening a trading account and placing a purchase or sell trade is not difficult. In fact, anyone can do it. However, placing trades that are profitable, time after time, requires some training and skill. Most traders never even think about how they will exit a trade, to minimise losses or maximise gains, but instead choose to trade onetting ‘ and ’emotion’.

Long duration, this might possibly be a blunder because everything could occur on the marketplace at any moment. Because of this, it’s crucial to make use of the proper tools in the industry to help with managing your trades at the ideal approach. By Way of Example, Forexcaptain provides innovative
Volatility security preferences for traders that can be essentially, a complex assortment of trading preferences and orders, which is beneficial for any plan to obtain substantial gains in volatile trading requirements.

5. How will you stay current with the most current marketplace information and know that the strategies employed by traders?

Immersing yourself at the trading world might help accelerate your trading practice. Seeing professional traders see the marketplaces may supply you with the confidence to move off, reevaluate and trade that the marketplace .

Forexcaptain offers three trading choices per week Which You Can enroll to observe, entirely complimentary:

Monday Webinar: Mastering the 4Ms of Trading

In this string, professional trader and trainer Paul Wallace combines marketplace analysis, trading procedures, hazard management and trading psychology that will allow you to build up your trading abilities and confidence. Learn How to Understand the 4Ms of Trading: Markets, Method, Money, Myself.

[ Register now ]

Wednesday Webinar: Master the Markets

In Master the Markets, professional trader and trainer Markus Gabel reviews probably the very well-known tools available on the marketplace and supplies concrete trading ideas and strategies you may use to be successful trader.

[ Register now ]

Friday Webinar: Forexcaptain Weekly Market Outlook

In our weekly marketplace outlook, professional trader and marketplace analyst Jens Klatt will provide an outlook for the next week’s upcoming economic events and how you can trade them from a fundamental, technical and market-sentiment point of view.

[ Register now ]

So far, you have learnt about how to access the best trading platforms and products for you to access charts and trade from. You have also learnt a structure on how to start trading from identifying the best timeframe for yourself and the different tools available to you in making trading decisions for both entries and exits.

Now it is time to simplify this into the ‘Learn to Trade 4 Step Trading Plan’ so you can take action straight away.

Your Learn to Trade 4 Step Trading Plan

Now you are more aware of how to learn trading and the key elements you need to learn and be aware of, here’s how you can start in four simple steps:

#1 Read

One of the best ways to learn how to trade is to read as many as trading knowledge as you can – but only from professional traders who are actually doing it. While there is a wealth of information in the Forexcaptain
Education section, for those who are interested in trading courses on how to trade forex you may want to take the Forex 101 course.

In this Forex and CFD trading course, you will receive nine online trading lessons (in eighteen different languages) created by experienced, professional traders who are leading industry experts. You will also receive a forex trading certificate on successful completion of the course.

#2 Watch

Perhaps the BEST way to learn trading is through seeing how professional traders do it in live marketplace conditions. With three weekly live webinars hosted by professional financial traders it is your opportunity to obtain the inside scoop on the latest marketplace developments – and how to trade them.

Why not register now for Monday’s, Wednesday’s or Friday’s, free,
live trading webinar?

#3 Practice

While it is great to learn trading through trading courses, or how to trade forex courses, having the ability to practice what you have learnt is essential. Setting up your free demo trading account is a step in the right direction to sharpen your skills and test your ideas in a live yet risk-free trading environment.

Once you are confident in your trading methods, then it’s simple enough to open a live trading account and start reaping the rewards from your hard work and commitment.

#4 Repeat!

It may sound simple but the more you read high-quality trading education articles, the more you watch live, professional traders and the more you practice trading on a demo account or real trading account, the better the habits you will build – giving you a higher chance of long term success.


You don’t even have to become great to obtain going, however you have to start out to look great. And the perfect way to begin would be to enroll for your subsequent complimentary trading practice.

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