Maybe you heard that many people make a living from trading. Some of them even get rich from it. However, you may also hear lots of voice that, trading is risky and not for you.

But I believe if you learn trading properly and gain the enough knowledge and experience, you also can make money from trading. So what is the right way to learn it and get started?

Today I found a great article that talk about the road map to learn trading. I really impressed with the details that explained the article.

Below is some of the main point that I want to bring over:

1. Learn to read the chart. Price, indicators and charts give a lot of hints to you. Start from the list below:

double top/bottom

head and shoulders

triangles

channels

cup and handles

continuation patterns (flags)

wedges

engulfing patterns

ABC

butterfly, etc… ALL from PRICE and Volume.

2. Learn about the Indicator

You need an oscillator to measure momentum (overbought/oversold conditions)

MACD

CCI

RSI

MFI

3. Learn Moving Average and Trendlines which give you an idea how market is acting.

Above is just the basic, after getting used of them, you can move on to the advanced level by learning tools like Fibonacci analysis, price projection, pivot points, ADX, Bollinger bands and stochastics. Besides that, you may start learning to read chart in different time frame like daily chart, hourly chart and 5 minutes chart

Of course, last but not least is having your own trading plan. You must know your risk tolerance and set your enter/ exit level. After that all you have to do is keep trading and learning. The more you trade, the more experience you have and the better emotion control you gain. Then you will be a success trader.

Good Luck!

Original Article

Related posts:

1. Invest to Financial Freedom - What it takes to be successfully and profitability in Day Trading. In real life, Day Trading isn’t as easy as you...
2. Free Trading Simulator – Play the Game and Learn the Skills I involved in Forex trading last 2 years. At that...
3. 6 Useful Online Tools for Day Trader + 5 tools for Stock Trading Just found some great online tools for day trader from...
4. Invest to Financial Freedom - Common Day Trading Mistakes There are quite a number of people living through day...
5. 10 Laws of Technical Trading Just came across an article about 10 Laws of technical...
6. A trading Strategy that works in any market With so many trading strategy available these days, it is...