What you need to Begin Trading

 

I want to help you start trading the right way.

 

And even though you have embarked on this journey to financial freedom.

 

You STILL need to take the first step.

 

Some of these elements you might have already adapted, and others you are working on.

 

But no matter what.

 

Let’s just ultimately confirm you have everything you need to begin trading…

 

#1: Computer and internet

 

Many people want to trade on their phones, but I find this cumbersome.

 

The small numbers and ways to make errors, are numerous.

 

Instead, make sure you have a computer (desktop or laptop).

 

You’ll find it’s easier to actually execute a trade with precision.

 

#2: Trading platform (broker)

 

Make sure you choose a broker who offers:

 

1. CFDs or spread betting

2. Wide variety of markets to trade (Local and international shares, indices, Forex, commodities etc).

3. Easy to use and visualise trading platform

4. Your trading broker must have features to input your trading levels.

Entry (The price to get in)

Stop loss (The risk price to get you out should the trade move against you)

Take profit (The reward price to get you out should the trade move in your favour)

 

There are many more elements to choose your broker and if you want the full book I wrote for Free just send me a blank email by clicking here at timon@timonandmati.com.

 

#3: Charting platform

 

Some brokers offer fantastic charting platforms. And others offer not so great platforms… If you want a FREE and incredible charting platform, then click here to get started with TradingView…

 

I’ve written a  complete How-To-Guide to get you signed up ASAP.

 

This way you can track, chart, draw and annotate on your charting setups. Click here to download the updated guide now and read later…

 

#4: Fund your account

 

You might not want to trade real money yet, as you’re still learning.

 

But I must say it’s more reliable and better to fund an account with a broker who you will be trading with in the future.

 

The reason is… They will provide you with more features, services, markets, news and your experience will feel more real.

 

If you want to fund an account with one of our top brokers you can click here.

 

NOTE: If you sign up with them today and fund your account, you will automatically receive a FREE ticket to the Complete Commodity Trading Course coming up this Saturday…

 

#5: Create or adopt a trading strategy

 

You’ll then need to have a proven and profitable trading strategy which has pre-defined trading levels (Entry, Exit and Risk Management rules).

 

#5: Back and Forward test

 

If you decide to create and go through the laborious process of developing your own system, you’ll need to back test 20 trades, forward test 20 trades and then live test 20 trades.

 

This can take up to 1 and a half years to get right… If you want to adopt my 20 year old proven and profitable trading strategy that has helped thousands of Premium Members become consistently wealthy then you can go here to get it and work on it…

 

All my secrets, tips, criteria, cheatsheet and saving you years of hard work, just one-click away…  

 

#6: Journal and track your success

 

You’ll need to have a spreadsheet or tool to track, monitor, analyse and to keep up with your trading strategy’s results…

 

This needs statistics like your:

 

• Win rate

• Average winner

• Average loser

• of winners

• of losers

• Total profits

• And more metrics…

 

Note: You’ll get this journal template when you receive the MATI Trader System.

 

#7: Gain extra tips and information

 

Knowledge is power.

 

But applied knowledge is true power.

 

If you want to follow my FREE trading tips, analyses, tools, and strategies in a special channel, you can click here and click subscribe…

 

#7: Keep at it…

 

Trading is not for everyone.

 

And the reason is because NOT everyone has the passion, patience and persistence to keep going for the rest of their lives…

 

If you believe this will be a fun and profitable hobby and that you will keep going and keep trying – YOU WILL SUCCEED.

 

YOU WILL WIN…

 

I WILL HELP MAKE YOU RICH…

 

It will take a bit of time and effort, but in the end it will be very much worth it…

 

I trust this beginners guide to trading will help you kick off to a great start…

 

Now go back to the beginning and read this again slowly…

 

Save it, print it or take photos with your phone…

 

And follow each step…

BEFORE and AFTER Each Trading Day

 

A game-plan is a must, to see a potential goal, dream or vision. 

Not “The Secret” BS where you have to envision it, and it will come true doing squat. 

No, you got to have a proper POA (Plan Of Action) and execute. 

Whether it’s selling property, building a business, playing a sport or growing your wealth. 

You need a BEFORE plan and AFTER plan. 

Same with trading. You need to have a trading plan BEFORE and AFTER each trading day. 

 

BEFORE Each Trading Day:

1. Know the main market’s trend direction

 

The first thing I want to know is, what the main market’s trend direction is.

Plot the resistance (ceiling) and support (floor) levels, so you know whether they are in an up, down or sideways trend.

If up – look for longs (buys)
If down – look for shorts (sells)
If sideways – look for potential breakout levels.

2. Scan through your watchlist

Once you know the main market’s trend direction, have a quick scan through your watch list (markets you trade).

Orientate yourself with where the markets are heading and whether trades are lining up.

This way, you won’t go into the trading day blindly.

3. Write down high probability trade setups

You know the main market’s trend direction, and have an idea of where the markets are heading – now you can plot your trade ideas.

Go through the watch list again, and write down any potential trade setups (with your written entry, stop loss, take profit and reasons for entering the trade).

4. Choose your TRADES for the day

Just because you have written down trade setups, doesn’t mean you need to take every one of them.

Instead, look at which ones which will yield a better probability at working out and has a better chance at winning.

All done before the trading day has even begun…

AFTER Each Trading Day 

1. Journal every trade   When the markets’ have closed, and you have time to breathe, go to your trading journal and jot down the trade/s you took for the day. Each entry should have the (Market name, date, type, margin, entry, stop loss, take profit and reason for entry). 2. Outline lessons of the day If you’re just starting out or you’ve been in the markets for less than five years, I suggest this extremely useful step. Write down any market lessons you learn for the day. Here are some lessons you can write down: How the market reacted to a news event How you felt taking a trade or holding onto current trades Mistakes of the day you learnt or made Trading lessons that you want to incorporate into your trading… Write these lessons down, as they will forever be part of your experiences to become a successful trader.   3. Re-check & confirm your open trades This is extremely NB*. Make sure your entry, stop loss and take profit levels are still in the trading platform with all open trades, at the end of the day… Sometimes, brokers have certain glitches in their systems, that can remove your trading levels (automatically). It happens on a continuous basis and it’s our job, to make sure everything is running smoothly and our levels are still in place. 4. Quick scan your watch list & look for potential trades for tomorrow Last action you can take for the day, is preparing for tomorrow. Go through your watch list, look for the next batch of trade setups and write them down. This is so you know what to do for the next day…

Want to skip the steep learning curve and own my 20 years’ life’s work trading strategy starting today? Click here for the complete strategy…  Join the Facebook group for live daily tips, lessons, memes, quotes and a successful community since 2003  https://www.facebook.com/groups/matitrader