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Author Topic: Great Resource for New Traders  (Read 49 times)
Tsyhan
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October 14, 2020, 12:23:08 AM
 #1

The current market conditions are signaling a new inflow of retail investors that will be looking for valuable resources online.
During the last Bull market, I have noticed that most "newbies" are looking to get into trading, be it crypto, forex, or any other market.
I, myself, struggled to understand how the markets work, what is leverage trading and how am I even supported to make money by trading. 
I studied a lot of information from various sources, and this application   trading simulation apps that provide real market conditions
but your trades are done with virtual capital helped me at the start.
One specific app stood out and it is called The Trading Game. ( https://tradinggame.com )

It starts slowly with some basic information and gradually increases the information quality over time.
With every new segment that is introduced, you need to pass a test of knowledge to move forward.

I don't want to go into more detail because most of you know exactly what I am talking about.
I just wanted to put it out there in case someone needs proper trading education with limited time resources.
If anyone wants to learn the basics of Forex, Crypto, and Stock trading, send them in the direction of simulation
apps because they are a blessing for newbies.

Maybe you also know some good resource?
Please share similar resources.

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October 15, 2020, 09:38:57 AM
 #2

There are sets of simulators that you can find online. It's your preference and choice to use any of them.

Just avoid downloading those that are going to be detected malicious by your browser, PC or AV.

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October 15, 2020, 04:20:49 PM
 #3

Sounds interesting. 
I have couple of trading stimulators or demo sites bookmarked, but I don't know if there is any that does this:
Quote
It starts slowly with some basic information and gradually increases the information quality over time.
With every new segment that is introduced, you need to pass a test of knowledge to move forward.
I think adding token-like incentive could even encourage people to work harder to learn, understand, pass a test and get rewarded. I have always fancied rewarding people to spend time to learn and understand something well.



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October 16, 2020, 06:58:17 AM
 #4

Isn't it easier to learn the basics of trading and patterns of asset price behavior on demo accounts of real platforms that use a real price movement charts?
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October 16, 2020, 09:52:13 PM
 #5

Isn't it easier to learn the basics of trading and patterns of asset price behavior on demo accounts of real platforms that use a real price movement charts?
You can also use that if you prefer.

With these simulators, it has no difference. You get a simulation or demo for you to be aware of the market's standing with real prices and then trade with the play money that you have been provided.

Demo accounts from that source you are saying or any simulators, you can choose any of them.

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October 17, 2020, 07:06:17 AM
 #6

Gradually increasing the demand of each account is the same as in the case of demo account but to be a successful businessman you need a lot of knowledge and skills there are thousands of resources and tutorials on the internet that you need to learn every day as a business or entrepreneur to increase your skills. It will also help a lot in increasing your business skills and it will be easier to provide business using demo account charts.
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