6 Steps To Become a Stock Trader
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- čas přidán 7. 08. 2024
- In this video I break down the most important steps that you need to know in order to become a stock trader.
Follow my socials:
- Instagram: / umarashraf
- Twitter: / umarashraf
I use TradeZella to track and journal my trades.
www.tradezella.com
Books I recommend for trading:
Market Wizards by Jack D. Schwager
Chapters:
0:00 Intro
1:03 Educate Yourself
2:03 Open a Paper Trading Account - Gain experience
4:50 Have a Trading Plan
6:16 Opening Up an Account
6:55 How Much Should I Put In?
9:29 Becoming Successful with Trading will Take Time
10:50 Outro
DISCLAIMER I am not a financial advisor and anything that I say on this CZcams channel should not be seen as financial advice. I am only sharing my biased opinion based off of speculation and my personal experience. You should always understand that with investing there is always risk. You should always do your own research before making any investment.
#daytrader #daytrading #trader
I use www.TradeZella.com to track and journal my trades!
Can you do something about the bots promoting fake courses?
Can u suggest book's?
Books please
You did a great job in this video because.
1) You didn't market about your classes or any paid services that you offer.
2) You were humble through out the video, and cared about the audience.
3) Everything about starting as a trader was actually easier to understand.
Thank you.
I agree completely
So true
Affiliate links dont count ?
XD
Kush Oza of course he is a millionaire
I want to invest roughly $700,000 in stocks since I've heard that even in challenging times, investors may turn a profit. Any excellent ideas for stocks?.
It's crucial to have a well-thought-out strategy and not make impulsive moves based on short-term market fluctuations. Patience and a long-term perspective are key. You should consider a market expert to guide you.
that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+
How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings
Sharon Lee Peoples is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
Easy to understand, very straightforward yet very pleasant to hear. No bullshit involved and really cared about the audience. One of the best youtube tutorial I have ever watched. Thank you!
very easy to understand, yet ill be very straight forward this looks like a sponsored post
Do you where I can find the books
IF YOU WANT TO BE SUCCESSFUL HAVE THE MINDSET OF THE RICH, SPEND LESS AND INVEST MORE. DON'T GIVE UP YOUR DREAMS.
@Christy Logan people are scared of investing because of high rate of scammers and unprofessional broker in the market.
@Christy Logan It's becoming alarming makes one not to know the real ones.
It's obvious people still remain poor due to ignorance..
I remember friends calling me crazy when I started investing in bitcoin now i shut them up with my 4 figure weekly returns all Thanks to expert Jay Pelle FX.
@Sophia Baker It's likely that I have come across this Expert Jay Pellet FX, with some positive comments. I think he has a good reputation.
This has to be hands down the best video I’ve seen on the internet about how to start trading
Great video! Thank you so much for the advice and the links to everything you had mentioned. Super helpful!! :)
Can't wait to see you grow your profile on this platform. Love your content
Thank you so much man, appreciate the support!
@@UmarAshraf28 I am 14 and going to start off with $100 paper trade
@@ShapeUpYT hey bro I am 15 and I am Indian stock market trader
@@cryptomarket9625 you have a form of contact
@@cryptomarket9625 which platform you using??
I’m 22, educating myself and felt that your content is genuine.
Trading is a process of learning not actions with controlled emotions, and you gave good advice.
Thanks for the video
Looking forward to know more about trading on your channel.
Hey man it's been 4 years... did things turn out well for you? Did you learn how to trade?
Thank you Umar for a great video. Professional delivery. Easy to understand and great steps to follow. I look forward to watching more of your educational videos.
Thnkss for this video man.. Keep going I wish you will find success over CZcams also ~♥~
Inspiring video. I just started reading about trading, and every single world you said was a new learning for me. Thank you so much!
If only I can like a video 1b times.
Well explained
Stay blessed
The most clear intro to trading. Thanks bro 👍
yeassh!! Very inspirational! Thank you for share us your advice. Can’t wait to see this channel grow
God bless you help me please tell me
Big thanks on the video! Looking forward to your Risk Management and Position Sizing video.
Definitely a lot of great advice. Me personally I did most of that except for reading books I learned more by doing and started with a small amount and learned as I went. I remember being down about $2k after 2 years but then started to make gains then really started to pay attention to my trading every day in 2016 and made a 35% return, then in 2017 I started trading options and vlogging about my learning process and was able to make a 278% return. I’ve had some big up days as well as some big down days but it all helps me learn and become a better trader. I also didn’t use a paper trading account but I made sure what I put in I was comfortable with losing.
Keep up the good work great video again!
Thats still fine, whatever works for you. I was reading and applying at the same time so i could get a better understanding and thank you
Did you succeed ✨ 😊
Great video. Patience is indeed key and a virtue..thank you Umar!
Yesss, thank you! Such valuable information. I am definitely putting all you advised into practice and sharing the knowledge with my younger sister. I can’t wait for when I get to take your personal online training. Much love!
Thanks man on whole you tube i was searching for such advice for months ❤👍👍👍👍👍❤
Waiting for your more videos🎥
Excellently done! Concise to the point very human very accessible and very friendly ! I have studied the stock market many times and I played it way back when! It iss changed from one quarter etc., to points etc., and I'm ready to re-enter the game and I appreciate your candor. There's a lot of CZcams videos out there that try to help people, but yours actually describes it in the way as if a friend was describing it to me. Thank you very much
If only you know what the future says, you'll know that indeed cryptocurrency is the future, investing in it now will be the wisest thing to do. Hold!!! And you" will thank yourself.
Crypto trading is very profitable when you trade well.
How does this whole bitcoin thing works, I'm interested in it and willing and ready to invest heavily but I need an assistant to properly guide me through on how to make a good startup and be successful in it without making mistakes. please
I Just bought $10k 😊 Ethereum and $30k bitcoin with the recent dump in crypto I was told it's the right time to buy and get ready for a skyrocket.
@Jecko Sembiring
Wow!! Impressive you trade with Mr Brian Carruther too! I thought people don't know him that well.... he's really awesome!👍
@@tytyeric6651
You don't have to be surprise because I'm also a huge beneficiary trading with him , I keep on earning $15,000 every single week with is trading platform.😊
this is an amazing video,
I subscribed just watching over a minute,
this is literally everything i wanted to know thanks man.
you really want to teach people and help, Love that. keep up the good work you will be bigger!
I am a school teacher whose used to breaking down complex info into digestible bite size pieces. I've seen several of your videos, and you remind of some of the best teachers I know. You are very clear and informative, appreciate all your videos!
Straight forward info, zero bs/gimmicks Appreciate bro, keep making quality vids, those fake gurus are full of sh*t.
Hey man. Thank you for giving us advice. I really feel like you are a good guy who want to let us in on things. I have already invested in some stock, but I really need to learn. You make this easier for me, and probably the others here, so thanks a lot!
Love your videos! Very sound advice for anyone getting into trading. Keep it up! :)
Looking forward videos on following crucial topics
1. Risk Management
2. How to plan
Darshan Bastawade only thing you need is patience and also history of any index you are investing
Darshan Bastawade he did have risk management video
I gotta take myself out of my way watching this video to tell you, you are an excellent professor and advisor, and out of all the videos I have watched on youtube to get stated as a day trader, the last 5 videos I´ve watched ofrom you, have consolidated all the knowledge I´ve been gaining and really helped me grasp the concepts and you´re giving us tools and a plan right here. I gotta say I´m thankfull for stumbling into your channel. Greeting from Ecuador Glad to see you´re currently at 64 thousand subscribers, I just refreshed the chanel and you´re 64.100. You´re gonna be huge on CZcams Trading Channel.
I’m glad I came across Umars videos. I’m barely getting into stock trading and wanting to learn all about it, and I feel like Umar is showing the way he wished someone showed him when he first started at 18 years old.
Amazing video bro you killed it. Thank you for sharing🙏🏻
Just watched your interview from a year ago with LAHWF man I been wanted to learn never did but you was talking about it so easy and simple on that interview had to look you up I’m a total newbie but I promise next year round this time I’ll hope to be financially free and I wanna thank you now cause I know I’ll at least have knowledge to do this Thanks man!! ✊🏾
Young Ali How is it going at the moment ?
Thumbs up 👍
Please make a video about moving averages and how can we use them on daily charts for day trading.
You are the best man
There’s other people who put caption for beginners and that’s not really for beginners.
I saw your other videos too.
Thank you for this info
Keep it up 👍🏼
This has been the best video on this topic I’ve seen so far. How to try my luck at trading so I’m still lost but willing to Educate myself some more.
Thank you thank you “Trading in the zone” is such a great book, helped me a lot.
18 year old trader here, all the best for your future. keep going bruh
You're 21 now right?
@@EButz almost 21 year old trader here. Its take lot of education to become a great trader. Still never giving up.
Finally a video were someone lays down all the steps and doesn’t say that there is “shortcuts”
Thanks for the intro video, Umar. You communicated very well and I appreciate your help.
Great video Umar. Can you make a video about technical indicators and how and which do you personally use please?
I'm 17 and ready to learn as much as i can about stocks.
Armando same same
This guy is a huge scammer. Look up Adam Khoo. He's worth 3.1 Billion. B. BILLION. He has free trading videos on youtube. Don't buy this shit stains course. He's a scammer.
Muffhands Hands Yeah Adam Khoo is the best stock teacher on youtube in my opinion.I had watched almost all of his videos and learned a lot.Many of new guru traders are here for selling their shitty training course for making money.Did you bought adam khoo course?
Muffhands Hands how is this guy a scammer? Don’t be throwing dirt on this guys name because he’s living better than you.
Same
Nice start bro,we look forward to see you reaching new milestones in the future, you really are a role model for the youth...also jus like to add little more to this, that young people are more attracted to affiliate marketing, blogging , online work etc yet stock marketing can be even much better option to grow and earn more than any other field so yeah your channel now have the responsibility to make young people aware how stock market change their financial and professional life....
Hello Umar,
I would just like to say I truly enjoy watching your videos, because they are very authentic!
You’re not a CZcamsr who is trying to sell somebody a dream. It’s not hard to tell that you’re intelligent, and you know very much well what you’re talking about. You seem very educated on the content that you’re giving viewers.
And for that I appreciate you taking out the time to slowly break down, each and every step in this particular video. On how to get started in trading, thanks for everything!
Thanks,
J.B
Technical analysis doesn’t always work in your favor especially if you trade options. If you want to trade options I recommend you learning how to trade vertical spreads and all options strategies but if you are willing to trade penny stocks or just regular stocks you need to listen to what this guy says and use indicators.
wow i wish i knew all of this before i started trading. You're the man!!
Are you trading with app ? If yes . Which app are you using
How's going your trading?
@@azizahassan9308 how is it going for u
I like your video!
1)straightforward
2)no empty talks and
3)not wasting time 👍🏻
How you doing bro
No Lie, You Have The Best Intro For A Trader Ever.
there are few men who are experts in stock trading and Mr Patrick Brown is one. his intriguing strategy cuts down losses
i started stock trading with him too. it was when i was on holidays in dubai, a friend introduced me to him. i took the risk and it paid off handsomely
the commission charged by Patrick Brown is fair compared to the effort he puts in making huge profits.
just 20% from profit made. so encouraging
how can i get involved. i have been losing lately. i need the best broker. how much is the minimum to start with.
what i appreciate about Patrick Brown is his consistency in making huge profits.
@@scottmartins6813 all my colleague are involved. we all trade stock with the genius. we keep winning
*Investing in forex and crypto currency is the best investment anyone can do this season because it has made a lot of people millionaires.*
Thanks for introducing me to Mr
Jackson Williams..
My first investment with Mr
Jackson Williams gave me profit of
over $44,000 Us dollar..
O' Yes I'm a living testimony of Mr Jackson Williams..
Mr Jackson Williams has changed
my financial status for the best..
Mr Jackson Williams is obviously
the b..e..s..t,,
Great video brother!! I'm an 18 year old and basically have no money to trade but I wanted to learn about it, found this content really well done!
Hey man! This is one of the most genuine and straight up informative videos that I have seen about trading. All the best! Looking forward to more of your videos!! :D Love from India :)
Dude, where have you been all my life...Respect Bro for all your priceless knowledge that you're sharing!
Nice content! But my to everyone wanting is you to find yourself a professional stock broker to invest with, I had a lot strategies I got from the people online, but don’t work. I almost give up on trading until I met mastertophacker on IG with him, I recovered everything I lost to trading in just a week and I just made my withdrawal of 5BTC from a little investment I made. I’m so happy.
Hay did you find a success with trading 😊
To my understanding this just proves how much we need an edged as an investors because playing the market like everyone else just isn’t good enough. I’ve been quite ensured about investing in this current market and at the same time I feel it’s the best time to get started on the market,what are your thoughts?!
People believe their currency has the worth it does because they have no other option. Even in a hyper-inflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
@@aishatuabdullahmuhd1088 You are right! I diversified my 500K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above 1.5m in net profit across high dividend yield stocks, ETF and bonds during this red season.
@@chandlerethan9567 How can I reach out to this coach? because I'm seeking for a more effective investment approach How good is this person at portfolio diversification, particularly with regard to digital assets?
@@chandlerethan9567 Please I'm very much interested. How can I get touch with this coach, i really want to give her a try.
Excellent video. All the information was accurate and important. Subscribed.
Keep it up with the videos!! Very clear tons of information resumed
thank you so much ashraf ...... this is the whole thing for which i DM you on instagram ... looking forward to see much more from you
hi
To anyone who knows the books, it's content or relevance:
What is the best order to read them? What order would give the best understanding of Stock Trading and have a nice chronology from Introduction down to the Details?
Thanks in advance!
Can tell you have the mind of a winner. Looking forward to your content!
I was always waiting for it....n finally someone is explaining stock marketing....thank you sir
The most honest trader I’ve ever watched !!!👍
If you want to listen to a professional trader and a honest one search on youtube for Anton Kreil. If you listen to him you will see that this guy is a little "scammer". Those are educational traders. Brokers bitch. You should not listen to them.
Cosmin Neag that’s a weird ad
sir
courses on udemy are that much good for treding ?
best video i’ve watched this entire week thank u
Brother I have seen ur Interview and I was so.... Impressed ur Great and ur luck worked out first after that u learned alot and now ur what only because of ur hard work Keep Going
Hi Umar,
Can we start trading directly instead of paper trade?
Plz suggest and where should we open demat acount?
Thank you
Look forward to your most valuable advice.
What kind of books you recommend to start with?
Hey Umar, my wife and I follow you on social media and I wanted to thank you for your videos. We are both 23 years old and are looking to join the trading world and your videos help us understand a little more of what the market is like. Congrats on your channel and thank you again!!
Hay, have you had any success 😊
Great channel man, just subbed!
What are the books you recommend?
Do your classes online videos in CZcams trust me u going to help many people broo and succeed uaself
Will do, Thank you!
@@UmarAshraf28 God bless you
@@UmarAshraf28 can u pls tell the name of the book mentioned in last 4th link as when link opened it says "Page Not Found". The other three are,
The New Trading for a Living
Market wizards
Trading in the Zone
Thanku I posted the same question nearly one month ago but no response from anyone. Would really appreciate for ur answer
Love you bro. I am from Ecuador. I want to improve my abilities in this subject. I am not good in English. But watching you really motivates me. Thanks
Bro appreciate ur work men Yu really care fr people to succeed in life & providing education about stock market free without any paid service. Love the way Yu serve Keep up the good work.
Watched this video in April, following his outline (educating my self). About to get some skin in the game tomorrow. My trading journey begins...
how did you do?
how did you do
How did you do after 4 years
I'm from India... It's great to see u here... Thanks for d video... Can u tell best way to know the trend of the stock
Indian scammer
Stfu guys... Smh
can i get in touch with ur bro... aapse kuch sikhna hai.
@@rateme6166 Probably your mom's a scammer too, she scammed your dad by conceiving you for child support.
Great advice i got 2 things out of this and I have been trading for years good job bro
For now you're Mr. Humble man, I like the content of your videos and how you explain it
Hey Umar, I love❤️ your channel, Now that you shared the video n steps to becoming a stock trader, can you make a video on the experience and differences between trading for yourself and for a firm as a Job. Would be interesting to know.
Cheers🥂.
Sure He will, Everyone have got an experience.....
*Excellent !!! I really do have a question. For someone with less than $10,000 to trade, how would you recommend we enter into trading ? I am looking at studying some traders and copying their strategy rather than trading myself and losing money emotionally. I would greatly appreciate any suggestions.*
The Real secret is get rich slow, don't risk too much on each trade, focus on win rate probabilities, and as long as you can win around 80% of the time, account size will grow in time, but definitely not overnight.
I would suggest to reach out Mr Morris what impresses me most about Mr Morris is how well he explains basic concept of winning before actually letting you use he's trade signals. And he will also teach you how to trade and achieve your aim. This goes a long way to ensure winning trades.
I'm a beginner where can someone reach Mr Morris.
He's mostly on Telegrams, using the user name
Trading as a newbie is quite stressful and discouraging but I'll linking up to your coach. This is useful info❤
I love your honesty keep up the good work almost left trading buh not anymore be blessed for the inspiration
Whenever i see your unseen CZcams videos, my first step will be hitting thumbsup icon and then will start watching your video. So I've liked and going to resume now... You are very disciplined and dedicated gentlemen... I just love you man..
So u find him hot lol
Who would have thought Impressive work put into ensuring profitable ROI as a result of proper knowledge and skill.would be so lucrative
I am under the guidance of Mr Smith John an excellent trader,he is the perfect combination of skills and expertise,he works with his client's financially,mentally, and emotionally.with Smith's help I achieved my goal,one which I have struggled with for years. With his help I have made lots of profits and my incomes has more than doubled
Smith embodies change. Through consistent and positive feedback and encouragement, he retrained me towards investments and also my attitude towards trading
If motivation,guidance,investment manager and a personal approach is what your looking for in Trading, then Smith is the man for you
Smith handles investments for clients and he charges very low on the total profits accumulated over a trading period.
chat(Whatsapp)
+40 371 700 314
Also early twenties, set my sights on buying a bmw m4 with trading profit and just achieved that goal. I've been taking in five figures a month and it feels great. I've been able to help so many of my friends and family. Trading has been life changing for me :). Great video Ashraf.
Great video! Now im gonna wait for that risk management plan.
Great vid! Hope to see more soon... you mention some good books to read at the start, did I miss those or miss a link in earlier comments, would love to read up
How can I be a stock trader I live outside america
Any suggestions on how many different stocks to invest in with, say, $1,000? You mentioned $600 in one stock as an example, but would it be safer to invest $200 in 5 different companies or something along those lines?
Like he said it all depends how comfortable you are. The more money you put in the more risk you have, but the outcome could also be great. "Don't put all you eggs into one basket", therefor id suggest you invest lets say $200 into 3 or 4 stocks rather then $600-$800 into 1 stock. Do so till you build your capital to the point where $600 would not be a hard hit if you went negative. Hope this helped
I would recommend that only invest 5% of all your equity And dont need to open alot of positions
your lighting setup looks dope!
Great individual. I appreciate your motives to help others. I started up just few days ago and am getting the best of your experience to help me grow in trading. THANKS
Breath of fresh air from other people in your sector *cough* Ricky Guitterrez
I will trade Bitcoin and Ethereum possible other related Cryptos in my next decade. I ain't known I have missed out on Bitcoin trade if it's wasn't a research I made some weeks passed. Am proud of owing Two home for myself in less than a year now on Investing funds to trade
Which exchange do you trade ?
Can I own a contact I will likely further my Bitcoin Invest soon.
I invest with Morrisonlewis .
He's on tele-gram.
Bitcoin is the ultimate decision added with some crypto one door is already opened for live.
By far the best I've heard. Thanks. I hope to meet you someday to tell you thanks in person.
Terrific!!! Please make a complete playlist for people, who wants to learn day trading from beginners to professional.
Even if I can only reach 10% of your proficiency in trading and analysis, I will still be satisfied with my progress.
I'm only 16 but I'm hungry for success brother
Good work man, Love from Venezuela (Sorry for my English)
@luke clearwater Well people in my city stab and beat each other for some food, every week things get more expensive, soo, really bad, thanxs for asking...
Your english is fine. Love and prayers to venzuela my man.
@@ghassan8324 Thank you!! , god bless you
@Amber sen You're right, sometimes I struggle with that, but I always try to have fun when I can, but it's hard in the state that my country is, but yes, you have a really good point, thank you!
Love from Venezuela
@luke clearwater Well right now we have the highest inflation in the world, our actual government it's corrupt, but I'm not the one to tell about it, I was born when everything started and my memories are kinda blurry when things were better, I don't know or remember anything better, that's why so many Venezuelans emigrate and that's why I'm to find a way to make money, but well, if you didn't know it's ok man
Love from Venezuela
It has been a real pleasure working with Mr. Mahmoud, taking the leap of faith working with him has been a worthwhile choice. Getting weekly profits is a real dream come true
great techniques nice trading platform, I love your work happy working with you Sir Mahmoud Abbas
Thank you so much Sir, just collected my third payment this month...this system is a nice one
Confirmed it, this guy is really trust worthy with his methods..
I've confirmed this too.... I would like to start with $4000 what do you think?
@@barrycruz5122 what you do with your money is entirely your business .. if you invest big you earn higher and vice versa
Hey umar,Greetings from India 🇮🇳
You are truly phenomenal Trader. 💯 Thank you for the value that you provide to us.
Great video, most practical regarding someone who is interested in becoming a trader!👍🏻
Thank you for this valuable information, however Which trading platform you recommend to trade us stock for someone who are not American citizen and not living in USA. TD Ameritrade and E Trader only for us citizens.
I'll advice you join a managerial portfolio that is accessible from anywhere you are.
Am from Vietnam, and in recent times I've tried investing with E trade,I also tried the Robinhood app,and I was restricted. And I tried using the NADEX site but I couldn't create an account because of my location address.
I currently do my investment with an Independent Broker Certified by FINRA. Mr. Benjamin Fredrick, I'll leave his details below.
Benfredricky@ G-mail. +Com.
+44 2030954603
Trading is easy and safe with the right help that's why I trade with Mrs Theresa she's the best
+ 1 ( 6 5 0. ) 8 2 2 -7 1 7 8
Reach on what'sapp
I have recovered all my losses and earn more profits all thanks to Mrs Theresa
I thought I was the only one who trades with Mrs Theresa she's really great I have made close to $30000 this month trading with her system
She's really good I earn profits every week trading with her
Thank you for the great information. It helps beginners more to start trading.
Great explanation and advice. Thank you very much!