Welcome anons, sp glad you could join me. Today we will cover the foundations of what trading is, technical analysis, and risk management. Hope you enjoy!
>>62249644lesson 1: zoom the fuck out
First of all, trading is the act of buying/selling assets so that you can profit when the price changes.
There are many markets that you can trade such as >Forex(lowest barrier to entry/can start with as little as $50)>Futures>Stocks(Takes $25,000 to start with)>Commodities
>>62249644lesson 1 don’t take lessons from fox “traders”lesson 2 buy voothe end
>But anon, how can I know when to buy/sells these different assets?So glad you asked retardnon! Over the past 4 decades since trading has gone digital, there many strategies that have arisen focused on technical analysis(chart patterns/levels)
Example 1: EUR/USDEUR/USD is one of the most liquid forex pairs on the market. This pair has been traded since before you and I were born. Which means there are tons of historical levels to draw on when utilizing the higher timeframe.>What is the higher timeframe anon?Ah yes, I forgot to mention there multiple timeframes that you can view the data for these assets. The higher timeframe usually means the daily and weekly.
free trading tools at infolib.org
>>62249644I am going to learn the carpentry trade!which one are you guys picking?
I'm sorry bros. I'm too lazy for this shit. Someone else take over.
>>62249853I picked the fire alarm trade
>>62249754>Currency created in 1999>This pair has been traded since before you and I were bornNewFrog Detected.
>>62249858Lesson 2: No crying in the casino
If it's red, sellIf it's green, buyAlso, scream to any God that "it's over" once you see Trump on TV.
>>62249980nah buy red sell greenget in at pullbacks and hurt your anus a bit less
>>62249853I'm currently on my second trade, I started with carpentry now I'm a heavy equipment operator
>>62252568sir, sir!! we don't do that here, ok????
>>62249858>>62249675this dude already did
