The best ways to learn stock market trading from scratch?

Free consumer investment platforms have opened up the door for amateurs to trade on Wall Street. That’s not what’s driving current market volatility, unless you’re trading penny stocks. It is, however, a good reason for you to learn how to trade properly. Don’t just buy into current trends or blindly follow stock promoters. Educate yourself and make some real money.

Stock trading is not a hobby. If you treat it as such, you’ll never be successful. In fact, you’re likely to lose money and give up in a few months. That doesn’t need to happen if you use Tickeron’s knowledge base to learn the basics. We’ve put together a collection of articles on virtually every topic related to trading and investing in the stock market.

Though Tickeron is primarily a trading platform, the resources we provide can also be useful to investors. Confused about the difference? Traders have no intention of actually holding stock for long periods of time. We buy it, wait for it to go up, and then sell it. This usually happens intraday or within a few days’ time. Investors look to buy and hold for months or years.   

Tip #1: Redefine your Definition of Risk Management

Financial planners will introduce the concept of risk management as it applies to long term investing and retirement planning. They use applications which will tell you what your “risk score” is and build portfolios based on that number. Since the time frames they’re evaluating are typically years in length, risk analysis can be fairly general. 

Trading is different. Your tolerance for risk has to be evaluated on a per trade basis. Day traders can incur huge losses in a few minutes if they make the wrong choice. Risk tolerance is the amount of loss you’re willing to take before you sell the holding. Determining this ahead of time is one of the things you should learn how to do before venturing into a trading career.

Defining risk is the first step in creating a trading plan. Real traders don’t just make deals based on whims and market momentum. They use a combination of fundamental and technical analysis to determine which stocks are likely to uptrend and when. Your best option for learning this is to use a trading simulator. Tickeron offers Paper Trade for that exercise.

Tip #2: Log in to Tickeron Knowledge Base to Get Started

Our knowledge base is also known as Trading 101. You could call it Investing 101, but we prefer to keep this article focused on trading activities. This educational resource starts out with some introductory terminology. Learn about market abbreviations, stock market statistics, financial media, and federal agencies that regulate the trading process. 

Have you built an investment portfolio before? We provide direction on how to do that also. Portfolio theories and investment strategies change as the market changes. If you’re a newbie to stock trading, don’t walk into this without knowledge of these concepts. Understand practical portfolio management and diversification. They are keys to your success.

The average investment portfolio is composed of more than just stocks. As a trader, you’ll be buying and selling positions, but you may want to venture into options trading, ETFs, or the bond market. There’s also the Forex market. You’ve certainly heard about all of these before. Do some reading in our knowledge base to deepen your understanding.  

Finally, how will you make trade decisions? Our platform has the tools and information you need. How do you break it all down to make good choices? Spend some time studying analysis basics, technical indicators, and trading models. Once you’ve mastered those, you can move on to patterns and speculation. It’s all there at your fingertips. No need to go elsewhere. 

Tip #3: Watch Webcasts to Learn from the Experts

Reading articles will not make you an expert trader. Only experience can do that for you. Become familiar with the basics and then log in to our webcasts page to hear from traders who have put their time in. These experts have been through bull and bear markets, weathered coronavirus, and learned how to use A.I. analysis to enhance their trading capabilities. 

It’s important to understand that there are different trading styles. Yours will be the one that best compliments your personality and strengths. One is not “better” than the other. Scalp traders need an entirely different mindset than momentum traders. Day traders move faster than long-term investors. Find your comfort zone by watching the experts.   

Tickeron is a platform driven by artificial intelligence. You’ll find a series of webcasts explaining exactly what that means and how it can impact your trading activity. Pay particular attention to these webcasts and register for any that are upcoming. The stock market is currently controlled by algorithmic traders. If you want to succeed, you need an edge.

Tip #4: Utilize Artificial Intelligence for Better Results 

Eighty percent of all trades on Wall Street are dictated by algorithms. Robinhood might have added three million users this year, but they’re an army with no weapons if they don’t have artificial intelligence. Tickeron evens the playing field. Our  A.I. robots make it possible to follow those winning algorithms and match their moves. You can now trade like an insider.

Of course, any machine is only as smart as the folks who program it. We’ve supplemented the power of A.I. with human intelligence from our own financial experts. The system is fully transparent and provides all the key metrics you’ll need to select the proper A.I. robot for your trading style. This process keeps you from being overwhelmed by the heavyweights. 

Factors like available capital, risk appetite, frequency trading, and market conditions are all variables that can be programmed into an algorithm. To further simplify the process for you, we’ve added a feature called Tickeron Screener. It’s where the magic truly happens. Follow the suggestions and view the odds of success on each trade before you make it.   

Tip #5: Embrace Volatility as Your Best Friend

Normal people see volatility in the market and stress about their 401(k) plan. Traders relish it. If you’re new to this world, understand this. Market volatility is your best friend. Without stocks trending up and down, traders wouldn’t make any money. The frequency of those trends dictates the pace of trading. The more you trade, the more you can make.

Take a look at the section on trading patterns in our knowledge base. If you’re new, this will seem fairly advanced. Go back and review the basics before continuing. If you’re comfortable with those already, take a look at the article on chart patterns. This is your new language. Forget about words of advice. Start looking at charts and technical analysis.

This is the difference between active trading and passive investing. Traders look for patterns in the charts. Names like head and shoulders, cup and saucer, peaks, troughs, flags, and pennants are used to describe the shape of a line graph. Knowing what each of these means and making trade decisions based on them is what your goal should be right now. 

Tip #6: Turn the Television Off

We don’t want to mention any names here. We do have a word of caution for you, though. If you see a crazy guy waving his hands, honking his horn, and screaming at you to buy a certain stock, change the channel. Better yet, just turn the television off.  That insane individual is a paid promoter. His antics are calculated, not legitimately emotional. 

Background noise is a real problem for novice traders. It’s not just the sound that affects them. It’s the subject matter. Hearing someone else’s opinion on a stock can cause you to doubt the technically analyzed moves you’re making. Hesitation will cost you every time. Don’t fall into that trap. You can watch television after the trading day is over. 

If you’re going to use a platform like Tickeron, trust the advice of the financial professionals we employ. They are working with A.I. data, making recommendations based on real data, not promoting for the purposes of getting their own portfolio stocks to move. There’s nothing emotional about stock trading. It’s a business. Treat it that way.    

Tip #7: Don’t Be Afraid to Make Mistakes

Even seasoned professional traders make mistakes. You’re new, so expect to have a bad day or two when you first get started. There’s no reason to get discouraged. Stay with it. Be aggressive. If you lose confidence, you relinquish your edge. Chances are, there’s no one to give you a pep talk when you make a bad play. Learn to motivate yourself.

Stock trading is a great way to make a living. Done correctly, it can furnish you with an above-average income and a comfortable lifestyle. Here at Tickeron, our goal is to provide you with the tools you need to be successful. That includes our knowledge base. Use it to get started. 

We invite you to check out our other premium products -- they’ll help you be best prepared to take on the market. Some of the premium products that might be helpful for a new trader are the AI Pattern Search Engine and the AI Trend Prediction Engine. Our Screener is a great way for a continuing trader to pinpoint what you’re looking for and to monitor the securities for an extended period. 

Contributor

Sergey Savastiouk|Expert

Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.

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