What should beginner traders trade?
Member Since Jul 14, 2023
1 posts
Jul 17, 2023 at 09:40
Do you think what beginner traders should trade first?
From my point of view, starting with INDICES, such as Dow Jones or S&P 500, could be the best. Some reasons are:
• Diversification: Indices are made up of multiple stocks from different industries. By trading indices, you can achieve diversification in a single trade. This means that if one stock doesn't perform well, it may not have a significant impact on the overall index, reducing your risk.
• Accessible information: Indices are widely followed and reported on by financial news outlets, providing you with abundant information and analysis. You can stay up to date with market trends, news, and economic indicators, which can help you make more informed trading decisions.
• Positive swaps for LONG positions: I know some brokers offering positive swaps for holding LONG indices positions overnight. It’s highly advantageous if you apply the buy-and-hold strategy, because you can make profits from both up trends and positive swaps. And the stock market generally goes up over the long term.
How do you think?
From my point of view, starting with INDICES, such as Dow Jones or S&P 500, could be the best. Some reasons are:
• Diversification: Indices are made up of multiple stocks from different industries. By trading indices, you can achieve diversification in a single trade. This means that if one stock doesn't perform well, it may not have a significant impact on the overall index, reducing your risk.
• Accessible information: Indices are widely followed and reported on by financial news outlets, providing you with abundant information and analysis. You can stay up to date with market trends, news, and economic indicators, which can help you make more informed trading decisions.
• Positive swaps for LONG positions: I know some brokers offering positive swaps for holding LONG indices positions overnight. It’s highly advantageous if you apply the buy-and-hold strategy, because you can make profits from both up trends and positive swaps. And the stock market generally goes up over the long term.
How do you think?
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Member Since Apr 26, 2023
25 posts
Jul 26, 2023 at 15:23
the best choice for beginner traders will depend on their individual circumstances, preferences, and willingness to learn and adapt to the markets they choose to trade.
Member Since Jun 27, 2023
7 posts
Jul 31, 2023 at 05:22
It all depends on the person him/her self, there is no answer that fits all, some people are really into learning and some are not.
Member Since Oct 01, 2022
53 posts
Aug 01, 2023 at 14:49
its a personal choice , so really difficult to say anything.
Member Since Mar 23, 2024
26 posts
Apr 05 at 02:06
For beginner traders, it's advisable to start with assets or instruments they understand well and feel comfortable analyzing. Stocks of reputable companies with strong fundamentals are often recommended due to their relative stability and abundance of information available for analysis. Additionally, beginner traders may consider trading popular currency pairs in the forex market, such as EUR/USD or GBP/USD, as they offer high liquidity and ample resources for learning. Another option is to explore trading major cryptocurrencies like Bitcoin or Ethereum, which have active markets and extensive educational resources. Regardless of the choice, starting with familiar assets can help beginners build confidence and mitigate risks.
Apr 08 at 13:54
Trade the majors only. I do not agree that you should trade 1 market only because that will lead to over trading. Some days there are no good trades but if you trade 1 market that will be so frustrating and most people will take trades when they are not really there
Member Since Apr 08, 2024
1 posts
Apr 09 at 04:50
My personal opinion: For beginners, you should start with EURUSD
Member Since Mar 23, 2024
26 posts
Apr 11 at 01:13
For beginner traders, focusing on less volatile and more liquid markets is prudent. This typically means starting with major currency pairs in the forex market, such as EUR/USD or GBP/USD, due to their high trading volume and relatively stable price movements. Additionally, blue-chip stocks of well-established companies are suitable for novice traders, offering stability and ample resources for research. Index funds or ETFs tracking broad market indices provide diversified exposure and reduce individual stock risk. It's crucial for beginners to prioritize education, practice with demo accounts, and gradually increase position sizes as they gain experience and confidence in their trading abilities.
Member Since Apr 08, 2024
46 posts
Apr 22 at 10:14
HungTrading posted:Starting with trading indices like the Dow Jones or S&P 500 can indeed offer several advantages for beginner traders:
Do you think what beginner traders should trade first?
From my point of view, starting with INDICES, such as Dow Jones or S&P 500, could be the best. Some reasons are:
• Diversification: Indices are made up of multiple stocks from different industries. By trading indices, you can achieve diversification in a single trade. This means that if one stock doesn't perform well, it may not have a significant impact on the overall index, reducing your risk.
• Accessible information: Indices are widely followed and reported on by financial news outlets, providing you with abundant information and analysis. You can stay up to date with market trends, news, and economic indicators, which can help you make more informed trading decisions.
• Positive swaps for LONG positions: I know some brokers offering positive swaps for holding LONG indices positions overnight. It’s highly advantageous if you apply the buy-and-hold strategy, because you can make profits from both up trends and positive swaps. And the stock market generally goes up over the long term.
How do you think?
Diversification: Indices provide exposure to multiple stocks across various industries, offering built-in diversification. This can help mitigate risk compared to trading individual stocks, where adverse movements in one stock can have a significant impact.
Accessible Information: Indices are closely monitored and widely reported on by financial news outlets, providing abundant information and analysis. Access to market trends, news, and economic indicators can aid in making informed trading decisions.
Positive Swaps for LONG Positions: Some brokers offer positive swaps for holding LONG index positions overnight. This can be advantageous for traders employing the buy-and-hold strategy, potentially allowing them to profit from both upward trends and positive swaps. Additionally, historical trends suggest that stock markets tend to appreciate over the long term, potentially enhancing returns.
Overall, trading indices can be a suitable starting point for beginner traders due to the diversification benefits, accessibility of information, and potential for positive swaps on LONG positions. However, it's essential for traders to conduct thorough research, develop a solid trading plan, and practice risk management regardless of the asset they choose to trade.
Apr 28 at 23:51
HungTrading posted:Hey)
Do you think what beginner traders should trade first?
From my point of view, starting with INDICES, such as Dow Jones or S&P 500, could be the best. Some reasons are:
• Diversification: Indices are made up of multiple stocks from different industries. By trading indices, you can achieve diversification in a single trade. This means that if one stock doesn't perform well, it may not have a significant impact on the overall index, reducing your risk.
• Accessible information: Indices are widely followed and reported on by financial news outlets, providing you with abundant information and analysis. You can stay up to date with market trends, news, and economic indicators, which can help you make more informed trading decisions.
• Positive swaps for LONG positions: I know some brokers offering positive swaps for holding LONG indices positions overnight. It’s highly advantageous if you apply the buy-and-hold strategy, because you can make profits from both up trends and positive swaps. And the stock market generally goes up over the long term.
How do you think?
i think firstly begginer should try with forex major pairs, such EUR/USD, also large-cap stocks. i personally started on sabiotrade with crypto, but i was not a begginer 😄
May 05 at 06:08
HungTrading posted:Nailed it, Indices are the best to start with by a long shot for beginnwrs IF aiming to use trend following models, particularly the nasdaq. To diversify, a good combination to trade is the Euro50, Nasdaq and the Jap225.
Do you think what beginner traders should trade first?
From my point of view, starting with INDICES, such as Dow Jones or S&P 500, could be the best. Some reasons are:
• Diversification: Indices are made up of multiple stocks from different industries. By trading indices, you can achieve diversification in a single trade. This means that if one stock doesn't perform well, it may not have a significant impact on the overall index, reducing your risk.
• Accessible information: Indices are widely followed and reported on by financial news outlets, providing you with abundant information and analysis. You can stay up to date with market trends, news, and economic indicators, which can help you make more informed trading decisions.
• Positive swaps for LONG positions: I know some brokers offering positive swaps for holding LONG indices positions overnight. It’s highly advantageous if you apply the buy-and-hold strategy, because you can make profits from both up trends and positive swaps. And the stock market generally goes up over the long term.
How do you think?
Mottos are corny. Just find an edge, test it rigorously and trade it.
Member Since Apr 08, 2024
46 posts
May 06 at 06:14
Gwydaer posted:It sounds like you both make compelling arguments for starting with indices, especially for beginner traders. Diversification and access to information are definitely big advantages when it comes to trading indices. And the point about positive swaps for LONG positions adds another layer of potential profitability.HungTrading posted:Nailed it, Indices are the best to start with by a long shot for beginnwrs IF aiming to use trend following models, particularly the nasdaq. To diversify, a good combination to trade is the Euro50, Nasdaq and the Jap225.
Do you think what beginner traders should trade first?
From my point of view, starting with INDICES, such as Dow Jones or S&P 500, could be the best. Some reasons are:
• Diversification: Indices are made up of multiple stocks from different industries. By trading indices, you can achieve diversification in a single trade. This means that if one stock doesn't perform well, it may not have a significant impact on the overall index, reducing your risk.
• Accessible information: Indices are widely followed and reported on by financial news outlets, providing you with abundant information and analysis. You can stay up to date with market trends, news, and economic indicators, which can help you make more informed trading decisions.
• Positive swaps for LONG positions: I know some brokers offering positive swaps for holding LONG indices positions overnight. It’s highly advantageous if you apply the buy-and-hold strategy, because you can make profits from both up trends and positive swaps. And the stock market generally goes up over the long term.
How do you think?
I agree with the suggestion of starting with indices like the Nasdaq, which tends to be particularly favorable for trend following models. The combination of Euro50, Nasdaq, and Jap225 for diversification seems like a smart approach too.
Overall, focusing on indices provides a solid foundation for beginners, offering both potential for profit and reduced risk through diversification. It's a great starting point for those looking to dip their toes into the world of trading.
Sep 17 at 08:11
As a beginner, it’s often best to start with major currency pairs like EUR/USD or GBP/USD. These pairs are less volatile compared to exotic pairs, have high liquidity, and tighter spreads, making them easier to trade and understand. Indices, like the Dow Jones or S&P 500, can also be good options because they offer diversification and plenty of accessible information. However, they might be more suitable once you’ve gained a bit more experience. What do you guys think?
Member Since Sep 09, 2024
7 posts
Sep 17 at 09:42
I concur. Stick to the majors they have lowest spreads and have most fluid price movement. Do not touch exotics they are far too volatile for newbies
Oct 21 at 08:07
HungTrading posted:I totally agree with you on starting with indices! They can be a solid choice for beginners.
Do you think what beginner traders should trade first?
From my point of view, starting with INDICES, such as Dow Jones or S&P 500, could be the best. Some reasons are:
• Diversification: Indices are made up of multiple stocks from different industries. By trading indices, you can achieve diversification in a single trade. This means that if one stock doesn't perform well, it may not have a significant impact on the overall index, reducing your risk.
• Accessible information: Indices are widely followed and reported on by financial news outlets, providing you with abundant information and analysis. You can stay up to date with market trends, news, and economic indicators, which can help you make more informed trading decisions.
• Positive swaps for LONG positions: I know some brokers offering positive swaps for holding LONG indices positions overnight. It’s highly advantageous if you apply the buy-and-hold strategy, because you can make profits from both up trends and positive swaps. And the stock market generally goes up over the long term.
How do you think?
Diversification: You’re spot on—trading indices means spreading your risk across multiple stocks. If one company takes a hit, the overall index might not feel it as much, which is a smart way to manage risk.
Accessible Information: There’s just so much coverage out there, making it easier to find news and analysis. It really helps you stay updated on market trends and economic indicators, which can be less overwhelming when making decisions.
Positive Swaps for Long Positions: That’s a great point! Positive swaps can really boost your profits over time, especially with long positions. Plus, the stock market generally trends upward in the long run, so that buy-and-hold strategy can pay off nicely.
Overall, starting with indices gives newbies a solid foundation without diving into the complexities of individual stocks.
Stay consistent, keep it simple, and let discipline shape success
Member Since Oct 16, 2024
24 posts
Oct 21 at 12:04
HungTrading posted:I think it depends more on the trader on which currency pairs he/she is more confident about.
Do you think what beginner traders should trade first?
From my point of view, starting with INDICES, such as Dow Jones or S&P 500, could be the best. Some reasons are:
• Diversification: Indices are made up of multiple stocks from different industries. By trading indices, you can achieve diversification in a single trade. This means that if one stock doesn't perform well, it may not have a significant impact on the overall index, reducing your risk.
• Accessible information: Indices are widely followed and reported on by financial news outlets, providing you with abundant information and analysis. You can stay up to date with market trends, news, and economic indicators, which can help you make more informed trading decisions.
• Positive swaps for LONG positions: I know some brokers offering positive swaps for holding LONG indices positions overnight. It’s highly advantageous if you apply the buy-and-hold strategy, because you can make profits from both up trends and positive swaps. And the stock market generally goes up over the long term.
How do you think?
