How to Start Trading from Scratch: 8 Proven Steps to Succeed in the Market

What I’d Do If I Had to Start From Zero

so if I had to start from zero this is what I would do in this blog I'm going to explain step by step what I would do if I had to start all over trading the markets you ready so let's go

Welcome and My Experience

all right now thanks a lot for stopping by especially if you're new to the website what I do I help struggling Traders take their trading to the next level I have 8 years of experience when it comes to trading these markets so you definitely want to check out the content that's on this channel right

Step 1: Save Up Money

so how would I approach trading if I had to start all over first thing is save up more money so I will work grind if I had to work 7 days a week which I did in the beginning right I will work 7 days a week I will work overtime I will save up money right so I can take that money and put it in my trading account now when you first start to trade you don't really need that much money but if you could start with more you know go ahead usually what I see people start with is around 300 all the way to 2,000

Step 2: Sell Unused Items

now the next thing I would do is I will look around my house to see if I have some stuff that I don't use at all and I will sell it okay me personally when I first started off I actually sold a lot of stuff that I didn't need anymore and I also sold my car now I'm not telling you to sell your car because I know some of you guys have kids you know maybe you need your car to go to work whatever the case is Right me personally at the time I was living in New York so it was easy for me to jump on a bus or a train to get from point A to point B okay so I would look around my house to see if I have things that I don't use at all and I'm going to sell it either on eBay Craig list or whatever

Step 3: Stop Buying Unnecessary Stuff

now the third thing I'm going to do is I'm going to stop buying unnecessary stuff like brand new clothes sneakers now I'm not saying that you know you can't treat yourself once in a while but you have to slow down on buying stuff it's just what it is okay you have to slow down on buying unnecessary stuff because now you want to become an entrepreneur you might have to sacrifice some money it's just what it is so those are the three things I would start with first and honestly I'm going to basically combine all those together and say you know that's the first thing I would do

Step 4: Find an Expert

now the second thing I would do is I will find an expert guys you do not have to reinvent the will okay if something is working for somebody else I guarantee you it probably could work for you too you just have to put in the work so the fastest way to success that I know okay and I'm quite sure that a lot of professionals know is to follow someone that is already successful in whatever field that you're trying to get in okay so if you want to be a Trader it's best to follow someone that's actually trading so you can actually pick up the skills that that person have I want that person to understand the market in a deep way okay I have 15 years of experience so I will look for someone like myself I'm not saying that you have to look for someone that has 15 years experience but you know so you definitely want to find an expert okay that know what he is she is doing because it will speed up your success

Step 5: Acknowledge the Learning Phase

now the third thing I would do is I will remind myself that I'm in the learning phase okay now when it comes to trading there are four different stages right the first stage is the learning stage second stage is the testing phase the third stage is the profitable stage and the fourth stage is actually where you become a master right so the learning stage and the testing stage is where you are learning your new strategy and then you're going to take that new strategy and you're going to test it out and learn all the ins and outs and get used to that strategy now what a lot of people do is when they get a new strategy they think that they are going to take that strategy right and by next week they are going to become a Master Trader it doesn't work like that you still have to learn the market it's just like learning anything else if you learn how to play basketball do you think you're going to be a basketball expert by next week or next month no so you have to keep reminding yourself listen let me calm down I'm in the learning phase let me stop trying to force things and let me learn the right way

Step 6: Stay on Demo Longer

now the fourth thing I would do is I will spend more time on a demo yes because when I first started out you know I was just hungry to make money I didn't like my job you know I didn't like my current situation so I wanted to quit my job so I went on demo for maybe a week and that was it and next thing you know I went live and lost a lot of money and I kept going live I kept going live losing money losing money losing money so if I had to start over I would spend more time on the demo because the demo is going to help you build your skills up and get used to the market and also when I'm trading in the demo I'm going to treat the demo the same as my live account because when I was trading demo I was trading you know let's say the demo had $100,000 play money right I was risking maybe $2,000 $3,000 per trade and I know for a fact you know I'm not going to do that in my real account so let's say that in my real account I'm going to risk $100 per trade guess what on my demo account I'm going to do the same thing so I will treat the demo the same as my live and also I will stay on demo much longer

Step 7: Study Losing Trades

now the fifth thing I would do is I will look over my losing trades every single week because I didn't do that in the beginning I was hoping that next week is going to be a better week but guess what I didn't look over my losers I didn't even study my losers I didn't care about that and I know for a fact there are a lot of Traders like that 95% of the Traders that's watching this right now do not look over their losers you will be surprised how many Traders do not look over their losers a lot of Traders don't want to put in in work right they don't want to go over their losers and and analyze it and say oh you know what I see what I did I was too late in the trend and that's the reason why I lost money but Traders don't do that they don't try to analyze their trade and try to see why that was a loser trust me guys that will help you build up your skills and help you become a better Trader so that's one of the things I know for a fact I would do if I had to start over

Step 8: Study Winning Trades

now the sixth thing I would do is I would study my winners now it's the same as studying losers the reason why you want to study your winners is because your winners are special and if you know when that special moment comes up on the chart man you could be a really good Trader because now you can recognize that in real time right a lot of Traders forget why they are winning they could be on the winning Street and next thing you know boom get wiped out and now they are on the losing streak and they forget how they was winning in the past so you have to study your losers know your best setups know why you're winning and that alone is going to make you a better Trader

Step 9: Focus on the Process, Not the Money

now the seven thing I would do is I would focus on the process in the beginning I was so focused on the money that's all I wanted to do is make money money money but I didn't really care about the process I was rushing and I didn't really care too much about what the market was telling me and I wasn't really sitting back and waiting letting the market show me what it wants to do I was just forcing it because I wasn't following my process and you can't do that because if you own think about the money guess what it's going to be very hard for you to take the next trade if you just lost money right so if you lost money let's say you lost $100 it's going to be very hard for you to take the next trade because you're like oh man I don't want to lose another $100 guys follow your process stop thinking about the money only think about the process when you think about the process and when you understand that it's only about the process the money will come automatically and that is what I would do if I had to start over because I was always thinking about the money right so as soon as the Market go up a little bit I would take some money out of the market because I'm scared that the market was going to come back and stop me out right so I'm not trading my process I'm just trading the money because I'm saying all right you know what let me just take this money because you know the market might stop me out but my strategy didn't tell me to get out right now my strategy said you know what it's room to hold it even more so stop thinking about the money that's the worst thing you do I would tell myself that if I had to start over stop thinking about the money

Step 10: Study Market Structure

now the eighth thing I would do is I would study Market structure when you are a new Trader and you get in the market you're going to hear things like the trend is your friend and that is correct okay but sometimes the trend is not your friend okay you have to understand when the trend is about to end and that was my mistake when I first got in the market I was always looking for the trend and not understanding that the market will do other things besides trending okay so when I'm looking at the market there's five different things I'm looking for I'm looking for a trend I'm looking to see if the market is ranging I'm looking to see if the market is breaking out I'm looking to see if the market is pulling back for that continuation or I'm looking to see if the market is about to reverse okay ask yourself how many times you got in the trend and next thing you know the market start to reverse on you what if you can actually see that reversal ahead of time or what if you say to yourself you know what I'm not even going to take this straight that is very powerful and I didn't know that because everybody kept saying the Tren is your friend so I would make sure I would study those five different things things and make sure I look at those things in real time because it's going to help you take better trades when you are trading it's not all about the trend the market is doing other things okay and you have to understand that when you are trading

Recap: The 8 Things I'd Do

so that's pretty much it so let's do a recap real quick the first thing I would do is I will save up money so if I had to work overtime or 7 days a week to fund my account I would do that I would sell stuff around the house that I don't need so I get some more money so I can put in my account and the next thing I would do is I would stop buying unnecessary stuff that I don't need so those are the three things I would do first the second thing I would do is I will find an expert because you do not want to learn by yourself the fastest way to success is to follow somebody that's actually doing this right and if that person has a training program or whatever I would invest in that person the third thing I would do is remind myself I'm in the learning phrase chill out calm down there's no rush the market will always be here let me learn the market the right way the fourth thing I would do is spend more time on the demo stop rushing learn how to build up your skills because once you build up your skills guess what the money is going to come automatically the market is always going to be here right treat demo like is your Live account and trust me you're going to see you will do much better the fifth thing is I will look over all my losers make sure I study my losers make sure I figure out why I'm losing because I don't want to repeat that same mistake over and over the sixth thing is I'm going to look at my winners I'm going to do the same thing figure out why I'm winning because I want to make sure that when I I see that setup in Real Time Boom I'm taking it right number seven I'm going to focus on the process forget about the money if I focus on the process I understand that the money is going to come automatically because that's how it works and the last thing number eight I would study Market structure because you have to understand what the market is doing in real time okay that is going to help you become a much better Trader right

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