5 ways to become a trader without any capital
1.Do not take out a loan to finance trading- This is not a good way to get into trading but I thought that it was important to state that taking a loan to trade is the worst way to start trading. This is due in part to the fact that this inspires a very high pressure environment which in all likelihood have a negative effect on your trading.You can start small and try saving however these tips below should hep you achieve your goal
2.Utilize free resources – The biggest hurdle that some people have is commitments .They feel as if they are over committed and don’t have money to spend on a mentor and account because the main reason why they decided to start trading is because they are looking for ways to make money. Places like babypips.com and forexfactory.com provide a good standard for noobs to use which is just a good start ,other resources could include my Youtube channel where I put out free advanced content so you can check that out as well as other popular channels on YouTube .Although these resources are inexpensive you obviously need data to access them so that would be your only cost of doing business
3.Form a group of traders – This is better for noobs because they have a much better chance of getting the right info after all 5 heads are better than one .With a small trading group your jobs could differ and each person could take turns delivering a small message or whatever they have learnt through that period of time .
4.Start practicing – This is by far the most important step because without this you have no chance of ever making it in trading .metatrader 4 provide a trading platform sponsored by forex brokers we you can test out what you learnt and can sharpen those skills to become the next big thing.Its important to note that notes and records of all the trades taken are kept for purposes of making step number 5 work.
5.Ask for Help – now a lot of people never ask and therefore never receive its important to ask those who can help mentor you fund your dream or just give you some advice .Armed with a trading record you can always approach someone like myself (But not me LOL) and in your seriousness about your intention show them the amount of work you have already put in.NEVER ask someone to help you if you have never done any work prior it’s a waste of time and will probably never get a reply.
Hope these 5 tips help take time to check out my channel for some very interesting topics and happy trading