If you are a student and you want to start trading but you don’t have money!

So in this article I am going to give you a road map of 1 year!

In the first 3 months you will start trading, your goal should be to keep accumulating money

When you keep accumulating money, you don’t have to sit idle!

How to Start Learning to Trade

You just have a phone and a laptop and an internet connection! This is enough to do trading!

When you start trading, that is, when 90% of the people start trading, they lack capital and knowledge!

So when they start trading, they reduce their capital and sit down after making losses because they do not have that much knowledge and experience about the market. So when you start trading for the first three months as a beginner, if you are able to save only Rs. 10,000 in the first three months, then this Rs. 10,000 will be spent in market practice. Then you have to start trading with Rs. 10,000 and before that in the first three months, you have to read, understand and practice the basics of the stock market.

You have to understand the candlestick pattern, understand the chart pattern, read about support and resistance. Fundamental Analysis, Technical analysis, Price Action, Indicators, Volume have to be seen. Price Action, Break Out and Break Down have to be taught and understood and only after that you have to enter the market. After that you have to open a demo account and you have to do a testing in it, whether you are able to trade on whatever you are learning or not! Are you able to update in a demo account or not?

You also need to learn Risk Management, how to manage risk!

It is important for you to understand how much stop loss should be placed and what should be the position sizing!

Strategy:- Where you will make your strategy and test it, in the first two-three months you will have to build the right concept of trading in the right steps and you have to learn how to build a strategy!

And in 3 months you will have to test only your strategy and you will have to build your confidence because 99% people start trading but without a strategy because they fail in trading without a strategy!

In the first 3 months, you have to test your strategy and also test the data of the last 1 year on your strategy.

This will help you know what has happened in the market in the last 1 year and will also give you confidence!

And now, is the strategy you have made working or not?

And for 3 months, you have to only test your trading strategy.

This is ready and once I am consuming that after 6 months, if you are able to save 20 to 30 thousand rupees or it comes to you from somewhere, then you should be ready to enter the market and get ready according to your startegy!

I Am Ready For Stock Market Trading

Conclusion:- In this article, we have told about the basics of the stock market and what did you learn by reading this article, please tell us by commenting and to get such stock market related education, stay connected with 24 NCO! Thank you