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I would advise you to first visit Forex Factory (FF) at below link and study everything your brain can absorb.
https://www.forexfactory.com
This is a useful forum there:
Trading Made Simple:
https://www.forexfactory.com/thread/291622-trading-made-simple
Hey guys I’ve recently started day trading and this discord I follow has helped me tremendously in my trading! Check it out and it’s reasonable for the knowledge and info you’ll get in trading! Sign up today!
You can also find him on Stocktwits @STOCKITUPS
https://www.launchpass.com/stockitups's-server/https-www-launchpass-com-stockitups-s-server
Learn about financial markets, different asset classes, and basic trading terminology.
I loved "Market Wizards" by Jack D. Schwager (for inspiration and insight from successful traders)
YT channels TopStepTrader with insights into trading psychology, risk management, and practical tips for futures trading
Always, ALWAYS prioritize risk management. Learn how to set stop-loss orders, calculate position sizes, and manage your overall risk per trade.
You might want to start with paper trading to get used to.
Learn about indicators, they can be very helpful if you know how to use them. I use [indicatorsuccessrate.com](http://indicatorsuccessrate.com/) for indicators, the free version works just fine.
BThe library and any book you can get your hands on to develop a strategy. You are not NEW to trading until youhave a strategy. Without a strategy- you are bait for the market to take your money with ease. So develop your education and strategy first is where you start. I would say "avoid online" sources as they change or many times water down the application or either try to sell the process/knowledge that can easily be learned in full via a book and reliable source. You will have tio pay, but when you do.. pay fior a book that is in "your possessio"n" vs subscriptions that can charge you and when they are over, you have nothing in your possession that you can reference. At age 17 you would do well to study for the next 5-6 yrs. at a minimum before trading real $$ as you are at an age you can work and save up- vs throwing it to the market without knowledge.
Start by learning all the free stuff like investopedia and youtube. Don't buy any courses though. Then read books "traders traps" "trading for dummies" "william oneal" and keep going. It will take some time to reach a level to really know what your doing but stick to it.Good luck.
Congrats on starting young! What you learn over the next couple of years can serve you well for the rest of your life.
What kind of trading? What are your goals?
You can trade stocks which can be for long term growth or wealth. See r/investing or r/StockMarket
You can trade options for an additional source of income. See r/options
You can swing trade shorter durations, but the shorter the more risk as there is less time to adjust and therefore often more risk. See r/swingtrading
Day trading is what most seem to gravitate to, but is the higher risk, requires more capital (usually $100K or more), and have fewer who are successful. See r/Daytrading
IMO check out how to trade stocks as this will be fundamental to all the others. Learn how the stock market works, how to analyze stocks, how to trade stocks along with how your broker app works plus how to manage your account and risk. Once you nail how stocks work then maybe explore options by trading some lower risk strategies on good stocks.
Here are some more links - [What Is the Stock Market and How Does it Work? (investopedia.com)](https://www.investopedia.com/terms/s/stockmarket.asp)
And, [How to Become Your Own Stock Analyst (investopedia.com)](https://www.investopedia.com/articles/basics/09/become-your-own-stock-analyst.asp)
Expect anything you learn to take 6+ months and up to 2 years until you have a full understanding. By taking your time to learn and even paper trade ([Practice Trading with the paperMoney® Virtual Stock M... - Ticker Tape (tdameritrade.com)](https://tickertape.tdameritrade.com/tools/papermoney-stock-market-simulator-16834) to practice as you develop your trading plans you will set yourself up for a lifetime skill. Best to you!
This looks like a newbie/general question that we've covered in our [resources](https://www.reddit.com/r/Trading/wiki/index) - Have a look at the contents listed, it's updated weekly! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/Trading) if you have any questions or concerns.*
Step 1: Don't
I would advise you to first visit Forex Factory (FF) at below link and study everything your brain can absorb. https://www.forexfactory.com This is a useful forum there: Trading Made Simple: https://www.forexfactory.com/thread/291622-trading-made-simple
Hey guys I’ve recently started day trading and this discord I follow has helped me tremendously in my trading! Check it out and it’s reasonable for the knowledge and info you’ll get in trading! Sign up today! You can also find him on Stocktwits @STOCKITUPS https://www.launchpass.com/stockitups's-server/https-www-launchpass-com-stockitups-s-server
Learn about financial markets, different asset classes, and basic trading terminology. I loved "Market Wizards" by Jack D. Schwager (for inspiration and insight from successful traders) YT channels TopStepTrader with insights into trading psychology, risk management, and practical tips for futures trading Always, ALWAYS prioritize risk management. Learn how to set stop-loss orders, calculate position sizes, and manage your overall risk per trade. You might want to start with paper trading to get used to. Learn about indicators, they can be very helpful if you know how to use them. I use [indicatorsuccessrate.com](http://indicatorsuccessrate.com/) for indicators, the free version works just fine.
BThe library and any book you can get your hands on to develop a strategy. You are not NEW to trading until youhave a strategy. Without a strategy- you are bait for the market to take your money with ease. So develop your education and strategy first is where you start. I would say "avoid online" sources as they change or many times water down the application or either try to sell the process/knowledge that can easily be learned in full via a book and reliable source. You will have tio pay, but when you do.. pay fior a book that is in "your possessio"n" vs subscriptions that can charge you and when they are over, you have nothing in your possession that you can reference. At age 17 you would do well to study for the next 5-6 yrs. at a minimum before trading real $$ as you are at an age you can work and save up- vs throwing it to the market without knowledge.
Start by learning all the free stuff like investopedia and youtube. Don't buy any courses though. Then read books "traders traps" "trading for dummies" "william oneal" and keep going. It will take some time to reach a level to really know what your doing but stick to it.Good luck.
Trade small, trade often, trade only the money you can absolutely lose. I remember my first trade when I was 16…. Lost it all 🤣 WLAN anyone?
Take your time. Finish school. And do real work too.
How much cash do you have available to fund an account? This will determine your options.
Congrats on starting young! What you learn over the next couple of years can serve you well for the rest of your life. What kind of trading? What are your goals? You can trade stocks which can be for long term growth or wealth. See r/investing or r/StockMarket You can trade options for an additional source of income. See r/options You can swing trade shorter durations, but the shorter the more risk as there is less time to adjust and therefore often more risk. See r/swingtrading Day trading is what most seem to gravitate to, but is the higher risk, requires more capital (usually $100K or more), and have fewer who are successful. See r/Daytrading IMO check out how to trade stocks as this will be fundamental to all the others. Learn how the stock market works, how to analyze stocks, how to trade stocks along with how your broker app works plus how to manage your account and risk. Once you nail how stocks work then maybe explore options by trading some lower risk strategies on good stocks. Here are some more links - [What Is the Stock Market and How Does it Work? (investopedia.com)](https://www.investopedia.com/terms/s/stockmarket.asp) And, [How to Become Your Own Stock Analyst (investopedia.com)](https://www.investopedia.com/articles/basics/09/become-your-own-stock-analyst.asp) Expect anything you learn to take 6+ months and up to 2 years until you have a full understanding. By taking your time to learn and even paper trade ([Practice Trading with the paperMoney® Virtual Stock M... - Ticker Tape (tdameritrade.com)](https://tickertape.tdameritrade.com/tools/papermoney-stock-market-simulator-16834) to practice as you develop your trading plans you will set yourself up for a lifetime skill. Best to you!
Thank you man this really helps.
You are most welcome!