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TD Ameritrade, Robinhood, Stock, Electronic trading platform Market For Beginners 2021 | How To Invest (Step by Step)

What is up team how’s it going. I hope you guys are all having an amazing day. So when it comes to investing there is so much information out there, there’s so much advice. There’S, so many videos of people telling you what to do bye and what i’m gon na do is try to help you block out some of that noise and really focus only on what matters and, at the end, i’m going to be giving you a piece of Advice that i wish someone would have given me when i started investing in the stock market. So, if you’re new to the channel, we are the largest trading and investing community on discord. We have over a hundred thousand members. So if you want to join the team, go ahead, click the link in the description join our free discord group all right here it comes. I know you know that every youtuber says this, but please smash the like button. Please because it really does help the youtube algorithm enough of that oh yeah and subscribe and without further ado let’s, get right into how you’re gon na take your money and turn it into more money starting off at square one. You have your money whatever it is. 100, a thousand dollars you’re gon na take that money. You want to open up a brokerage account. There are plenty of options out there. I personally day trade, so i use td, ameritrades, think or swim platform.

Robinhood is great for a lot of beginners tastyworks weeble plenty of options, depending on where you are located. You’Re gon na have to figure out what is available for you, so your money is now in your brokerage account. Most of you guys are not going to have time to day trade, okay, but you are most likely going to have 30 minutes to an hour per day to open your phone to check on your investments, to check on your positions on your trades. So maybe swing trading is something that you want to consider doing and how you’re going to identify those stocks to invest in comes down to two different strategies: two different types of trading, and that is going to be fundamental analysis and technical analysis. Now, what is fundamental analysis? Well, fundamental analysis is going to be news: news articles the actual fundamentals of the company – maybe that is how you’re going to find these stocks. So with the technical side, it comes all the indicators like the macd rsi. Those are basics that everyone knows of so figure out really how much time you’re gon na have to spend on this. If it’s, maybe an hour, then swing trading is gon na, be the thing you want to focus on. At the end of the day, you’re just trying to make money, you’ve got options. You’Ve got a million different things. You could choose from now no matter what you’re going to want to know the basics, with technical analysis you’re going to want to know how to read a few basic indicators like the rsi you’re, going to want to learn how to read moving averages.

So my friend came up to me the other day. He knows i invest in the stock market. He knows i’m a day trader, so he asked me he’s, like i want to invest. I’Ve got a thousand dollars. What should i do and here’s what i told them find one strategy: stick to that one strategy: give it a couple weeks a month and see how it works. You’Re, gon na see your portfolio start to go up, and yes, there is a very good chance. You’Re also going to see your portfolio go down, but that is all part of the journey. That’S, all part of learning, what works and what doesn’t work. Take that money put it in your brokerage account find some companies. You would like to invest in figure out whether you’re going to be a day trader a swing trader, whether you’re going to go with a more longer term investment approach and then with technical or fundamental analysis, narrow down the strategies within those categories. And that is how you’re gon na turn your money into more money with that said, that is gon na wrap up this video, but you guys stayed till the end. If you stayed till the end. Here is my advice. All right, you have a thousand dollars. You have a hundred dollars whatever it is. You have that you’re putting or have put in your brokerage account take that money and throw it away that money is gone.

You no longer have that money. If you can’t do that, then you shouldn’t be doing this. If you can do that, you now have psychologically detached yourself from the value of that money. That is no longer there, and now all that you’re focused on is the actual trading itself. Don’T focus on the money. The money will come whatever you put in, prepare to lose, and that is how you’re going to set yourself up for success, and i really wish someone would have told me that when i started, please drop a comment below what you want me to talk about. Next. What is going to help you in your journey as a trader as an investor, i highly encourage you to check out what i have to offer i’m, giving you the opportunity, if you want to take it to work one on one with myself inside the mentorship group. You’Re also going to get access to a library full of videos covering everything you need to know everything i use and have used in the past to find success in the stock market. Alright, that is gon na, be it for this video.

What do you think?

Written by freotech

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