Hello my dear friends, I’m Rony Khan, a professional trader, If you’re thinking of starting trading but don’t know where to start, then this article is for you! In this article, I’ll show you how to start trading from the scratch, with step-by-step instructions and advice.
I am sharing with you my energy, my time, and my best experience with the binary options. By the way, this article I wanted to dedicate to those who want to start their trading career don’t know what steps they shall make first.
And I want to tell you about what is the trade in which types of trade and you can find on the Internet and how to get your first profit, friends. So I’m very excited. I’m getting ready. I’m sure that yours are ready. But before also, I want to remind you about my telegram channel, my absolutely lovely community, and you can be a part and daily you can get a free signal.
How to start trading
How to start trading, So go on the link and description under this article. For now, let’s begin. If you’re interested in how to start trading, this article is definitely for you. In this article, I will tell you what trading is, what types of trading there are through the Internet and how you can get your profit. So firstly, I want to tell you a few words about this platform where I’m trading.
This is binary options and I think it’s the most convenient way for me to earn money because binary options implies having just two choices. You should predict whether the price will go up or down. And that’s pretty simple. But how can you do this? Of course, yes, here you can use the rules of technical analysis, and here I will also show you a few tricks of technical analysis and how to use it correctly.
See also: Forex Trading For Beginners 2024
So this platform is very convenient. And here we have a great variety of indicators. Let’s open a list of them. And I want to choose one of the most useful tool. Okay, let it be a MACD oscillator. You see, there are trend indicators and oscillators and here this will be pretty perfect.
If you are a pro trader, you can change your settings for your needs, but here I will use just default settings. So, this indicator and I’ll briefly tell you how it works. So let’s close this window. And what about our assets where we will trade? What is this chart? So, everything is not as complicated as it seems at first sight. Firstly, you should choose which assets you want to trade.
What Is Day Trading?
And look here, if we open this list, we can find out that there are several assets where we can trade. So there is currency, crypto, commodities or stock. So, set up your goal where you want to trade for. As for me, I prefer trading on currency pairs because it’s very convenient and pretty profitable and very comfortable for me.
There are a great variety of currency pairs and different peculiarities of them. And you can see, there are currencies with fixed tags that I have already chosen, and that means that this percentage of payout won’t change during the session, friends, which is pretty comfortable. But sometimes there are OTC currency pairs, which offers a really great percentage of payout which is higher than fixed.
And when I see these currencies, I definitely will trade with some of them. So pretty great variety and that’s why I am trading with currency pairs and recommend you to do the same. And what about the charts? You see this is candlesticks and while you are trading you also have to do some candlestick analysis. For example, this candle means.
What does this candle mean? This candle means the small movement of the price, it’s the point, and it lasted just for one minute. And that’s why I have here one my one minute time frame. Yes. And you see here I can analyze the candlesticks, I can use the signals from this indicator. And because of these things, I can make my decision whether the price will go up or down.
The Basics of Day Trading
And as I see here, an intersection at MACD indicator. So here it’s a green line that crosses the red signal line in down direction and exactly at this intersection, I understand that the price is going in down direction. Right? So that’s pretty simple. And here is the moment where you can make your decision. As you can see, I already have a pretty good balance on my account.
And I think I want to invest here. Okay, let it be $700. But here actually, you can put whatever sum you want. You can start trading even from scratch. You can start trading even from $1. It’s up to you, friends. And here I also have my time expiration, yeah.
So that means that I want to open a trade just for one minute. You see, my trade will last for one minute. But if you want to make longer trades, you can open a trade for 5 minutes or even one hour. So again, it’s up to you. But adhering to my strategy, I do all trades for one minute, so it’s pretty clear here. You set up your expiration time for how long you can want to open your trade. And here you put your investment.
What’s good about binary options is that you know your percent and your pay out in advance. So look here. If I invest 700 dollars, I know in advance that this will be my profit. And yes, I see this excellent signal on the chart and that’s why be ready for the put option right now. Yes. That’s so simple. You see, friends, And here I already have my profit.
Day Trading Strategies
Right? $1,200. I made them from $700, and that was pretty easy. So, friends, what else do you need to have to start trading on? Binary options. You just need a computer or laptop, maybe even a phone, mobile phone. And, of course, access to the Internet.
That’s all you need to start trading on binary options and getting good profit. What about your investments? What if you don’t have so much money to invest? That’s not a problem at all. If you have just $1 in your pocket, you can start trading. Having just $1, that’s easy. You can watch lots of article on my website where I overclock small deposits and I have a special strategy and you know how much I made on this strategy, especially for this.
Like what about other trades? What is my strategy? Usually in my strategies I check different currency pairs and make several trades, and in that way, step by step, I manage to increase my profit. So let’s go to Great Britain, pound and US dollar and see what situation is happening there. Here we have a perfect intersection at the market indicator.
But what about this chart here? We also had this intersection at MACD Indicator, but I also analyzed the candlestick patterns here and I see that this price has started to grow here. And that’s why I want to make one more trade. And yes, here I want to make a trade with $1,000. You see, this platform is really reliable and here I can afford myself trading with big amounts of money.
Day Trading Strategy Breakdown
Type | Risk | Type |
Swing Trading | High | High |
Arbitrage | Low | Medium |
Trading News | Medium | Medium |
Mergers/Acquisitions | Medium | High |
HFT | Medium | High |
So, here, I’m not afraid of doing this because I have years of experience and I’m pretty sure. By the way, speaking about starting your career in trading in order to make your way in trading even easier, I have a community of traders where I share free signals for your own profitable trades. You can use them and you can be 100% sure that your trade will be profitable as you’re just starting your career, it will be cool to copy and use my strategy and signals.
It will be very-very useful for you. It’s my big recommendation. And meanwhile, according to the signals that I have just from this one indicator, I want to make a really nice trade, take attention. So green candles appeared, be ready for the call option right now. Well, yes, again, good result. I really love it! And that’s why you should also apply the knowledge of candlestick analysis, not only the analysis of the signals, and that’s why I have different strategies, some of them just unique, friends, some of them designed especially for the OTC currency market. Some of them are designed for
Why Day Trading Is Controversial
overclocking your deposit from scratch. So, they are all unique and you can use my strategies, you can copy them. They are all on my YouTube channel and if you want to start your trading from scratch, you don’t think and start doing some actions. Just do it, do it! Here I want to show you one more trick and that’s why let’s go to Euro and US dollar.
As you can notice right now, I have two currency pairs with US dollar included. And here let’s go to the euro and US dollar. As I have two currency pairs that include the same currency. There are some similarities between these pairs and that’s why I can use this information in my trading session and get the maximum profit from it. And here, as I can see, the price started to grow in an up direction.
I want to make one more trade. Yes. Right now, friends, very good moment. You can see that I can afford myself trading with thousands of dollars and exactly this trade I’m going to do with 2000. But one day I also started from scratch, remember that. And I started trading with pretty small investments.
How To Start Day Trading
But very soon I understood how to overclock my balance, how to use different strategies, and I just got on track and got started to get a really cool daily income. And that’s why right now I do trading as a full time job and this is my main income. So from this point, as I see that the price growth is very confident, friends, that’s an excellent entry point for me. So from this moment be ready for the call option right now.
Let’s do that! Well, that was really an exciting trade. WOW! You see, I managed to gain a good entry point and that’s all I do on my regular basis. I also do my passion. I just managed to see good entry points and day by day I managed to open several trades with this good investment and have a pretty good profit. My lovely friends.
I’m sure that was a very useful article. Now you have many, many knowledge and you shall try to trade with it all. And the more information you can find on my telegram channel. I’m inviting you to be part of my community because there is will definitely get your profit. And if you make your first steps, there will be lots of support, suggestion.
And lots of successful people around you, which is very important. So friends, add this article to your favorite and start your trading career right now. I’m telling you good bye now. We’ll see you very soon in the next article.
Frequently Asked Questions
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Conclusions
if done properly, trading can be a rewarding and thrilling endeavor. You can begin your journey towards being a profitable trader by following these steps. Always conduct extensive research, have a well-thought-out plan in place, and use prudent risk management. In the trading industry, success is attainable with perseverance and effort. Thus, don’t put off starting your trading career any longer—take the first step right now!