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e: url(https://miro.readmedium.com/v2/resize:fit:320/0*2I4PLCiFqhVduY9m)"></div> </div> </div> </a> </div><h2 id="1535">Open a TradingView Account</h2><p id="7df9">The best chart software on the planet. In my humble opinion.</p><p id="04be">Open a free account (you don’t need a paid one yet) and navigate through it.</p><p id="87ae">Pick your markets and look up some videos on how to navigate your way through this software and community.</p><p id="def9">Look through the news and materials. All included for free.</p><p id="3590">There are about 50,000,000 users on this so there is plenty to learn from.</p><div id="5157" class="link-block"> <a href="https://www.tradingview.com/?aff_id=134895"> <div> <div> <h2>TradingView - Track All Markets</h2> <div><h3>Where the world charts, chats and trades markets. We're a supercharged super-charting platform and social network for…</h3></div> <div><p>www.tradingview.com</p></div> </div> <div> <div style="background-image: url(https://miro.readmedium.com/v2/resize:fit:320/0*LC75rPyLcfyxUrR7)"></div> </div> </div> </a> </div><h2 id="2da3">Open a MT5 accounts</h2><p id="9d33">This is where you will place your trades, if you want.</p><p id="2436">This is where I place mine.</p><div id="bcb8" class="link-block"> <a href="https://www.metatrader5.com/en"> <div> <div> <h2>MetaTrader 5 Trading Platform for Forex, Stocks, Futures</h2> <div><h3>MetaTrader 5 is a free application for traders allowing to perform technical analysis and trading operations in the…</h3></div> <div><p>www.metatrader5.com</p></div> </div> <div> <div style="background-image: url(https://miro.readmedium.com/v2/resize:fit:320/0*j2oGCpteSTp2Hxnj)"></div> </div> </div> </a> </div><p id="540c">Don’t get too ahead of yourself here.</p><p id="2d83">Again, YouTube is your friend here.</p><p id="5280">You can place trades on TradingView but it isn’t ideal and you will soon learn why.</p><h2 id="3c8d">Learn and select 3 strategies</h2><p id="f868">There are over 100 strategies.</p><p id="02eb">Some good, some not so good.</p><p id="108b">Pick one that works for you and your circumstances.</p><p id="a28a">I’m ini and out quick. 20 PIPS and done. It’s a unique and custom strategy I have built and it works for me.</p><p id="4f51">Look at Momentum trading, Breakouts or a moving average crossover.</p><p id="cd8a">Pick something and stick with it.</p><p id="e8de">Don’t hop.</p><h2 id="f05b">Practice on a demo account for 3 months and journal every trade</h2><p id="05f3">If you are not journaling your trades then you would be as well giving up.</p><p id="0720">Honestly, it is the most vital part of your education.</p><p id="abf9">Get the trades on google sheets or ex

Options

cel. Download a free template and log everything. It doesn’t need to be in depth.</p><p id="10a5">Entry, exit, result will do for now.</p><h2 id="1368">Work out how much you can afford to lose and open a real trading account</h2><p id="02d7">Sorry, but you are going to blow your first account. Statistically speaking.</p><p id="1210">It’s in the high 80% that first time traders blow their account so make sure you are comfortable with the amount you are about to deposit.</p><p id="c582">If you have time here are some of my other articles on Day Trading</p><div id="6ce6" class="link-block"> <a href="https://medium.datadriveninvestor.com/avoid-these-5-things-or-fail-at-day-trading-1770ddf778b6"> <div> <div> <h2>Avoid These 5 Things or Fail at Day Trading</h2> <div><h3>If you can avoid a few bad habits when day trading, you will be profitable.</h3></div> <div><p>medium.datadriveninvestor.com</p></div> </div> <div> <div style="background-image: url(https://miro.readmedium.com/v2/resize:fit:320/1*aQbf0XPeRMg70ds9zgXFaQ.jpeg)"></div> </div> </div> </a> </div><div id="8b20" class="link-block"> <a href="https://readmedium.com/learning-day-trading-in-2024-will-change-your-life-6fccf4efa7d8"> <div> <div> <h2>Learning Day Trading in 2024 WILL Change Your Life</h2> <div><h3>If you can learn anything in 2024. Learn how to day trade.</h3></div> <div><p>medium.com</p></div> </div> <div> <div style="background-image: url(https://miro.readmedium.com/v2/resize:fit:320/1*uN6_n851Q7y16TmTZkdXEw.jpeg)"></div> </div> </div> </a> </div><div id="487b" class="link-block"> <a href="https://readmedium.com/why-day-trading-is-viable-in-2024-53cfc6fc4c75"> <div> <div> <h2>Why Day Trading Is Viable In 2024</h2> <div><h3>Let 2024 be the year you learn something that can take you to the next level</h3></div> <div><p>medium.com</p></div> </div> <div> <div style="background-image: url(https://miro.readmedium.com/v2/resize:fit:320/1*LFAtNSKQQuR7T2HKr16r4A.jpeg)"></div> </div> </div> </a> </div><h2 id="674b">Thank you for reading</h2><p id="4163">Hi! Nice to meet you! I’m <b>Adam</b>. Currently, I’m working as an Accountant and have been Day Trading for over 6 years.</p><p id="2a5d">My two passions are <b>Learning</b> and <b>Day Trading</b>, so I take every opportunity to talk or write about both.</p><h2 id="8335">Want to connect?</h2><p id="b192"><a href="https://twitter.com/adtradfx">Twitter</a></p><p id="5abc"><a href="https://www.instagram.com/adtradfx/">Instagram</a></p><p id="6a12">I wish you the best in what ever you decide to do next.</p></article></body>

My 7 Steps to Getting Started in Day Trading

My journey into Day Trading was not conventional but many people have walked the same path

Image from Envato Elements

There isn’t a plan or a specific roadmap that you should follow to become a day trader.

My path was a bit all over the place to be honest and it worked out well for me in the end.

After 6 years though I can safely say that if I had to start all over again, knowing what I know. This is how I would go about learning how to become a day trader.

Learn basic Technical Analysis

This can be learned for free on YouTube.

No need for paid courses or paid signal groups.

I’ve written extensively about the best resources and channels on the internet and YouTube in particular.

I’ll link my article on that here.

Learn the basics. Avoid ICT and SMC for now. Learn about the most common indicators and ideas when it comes to technical analysis.

You may not use them or even need them all but having them in your back burner will help a lot.

Learn basic Fundamental Analysis/Economic Calendar

Learn about what moves price.

This shouldn’t take long.

Also learn about high impact news. this is when a news event which is planned for a significant day on an asset you are trading is likely to have an effect on the movement of the price on that day.

You want to avoid trading on these days.

For instance, if you trade GBPJPY and UK inflation is being announced at 07:00. Avoid trading around that time.

Open a TradingView Account

The best chart software on the planet. In my humble opinion.

Open a free account (you don’t need a paid one yet) and navigate through it.

Pick your markets and look up some videos on how to navigate your way through this software and community.

Look through the news and materials. All included for free.

There are about 50,000,000 users on this so there is plenty to learn from.

Open a MT5 accounts

This is where you will place your trades, if you want.

This is where I place mine.

Don’t get too ahead of yourself here.

Again, YouTube is your friend here.

You can place trades on TradingView but it isn’t ideal and you will soon learn why.

Learn and select 3 strategies

There are over 100 strategies.

Some good, some not so good.

Pick one that works for you and your circumstances.

I’m ini and out quick. 20 PIPS and done. It’s a unique and custom strategy I have built and it works for me.

Look at Momentum trading, Breakouts or a moving average crossover.

Pick something and stick with it.

Don’t hop.

Practice on a demo account for 3 months and journal every trade

If you are not journaling your trades then you would be as well giving up.

Honestly, it is the most vital part of your education.

Get the trades on google sheets or excel. Download a free template and log everything. It doesn’t need to be in depth.

Entry, exit, result will do for now.

Work out how much you can afford to lose and open a real trading account

Sorry, but you are going to blow your first account. Statistically speaking.

It’s in the high 80% that first time traders blow their account so make sure you are comfortable with the amount you are about to deposit.

If you have time here are some of my other articles on Day Trading

Thank you for reading

Hi! Nice to meet you! I’m Adam. Currently, I’m working as an Accountant and have been Day Trading for over 6 years.

My two passions are Learning and Day Trading, so I take every opportunity to talk or write about both.

Want to connect?

Twitter

Instagram

I wish you the best in what ever you decide to do next.

Day Trading Strategy
Side Hustle
Finance
Money
Forex
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