“A Journey of a Thousand Miles Begins with a Single Step.”
– Lao Tzu.
Dear MATI Trader,
To start anything in life, no matter what it is or how long it may seem, you need to take the first step.
With trading it’s the same, with one little difference.
You have the opportunity to learn the costly mistakes, tips and the strategies that have worked for other successful traders.
This way you can, take the shortcut to kick start your trading career, make it easier and more enjoyable.
Here are ten quick steps you can take to start your trading on the right path.
Choose the market/s you’d like to trade
(Shares, Forex, Commodities, Indices or Crypto-currencies).
Choose a broker or market maker you’ll trade with
(Make sure they offer CFDs or Spread Betting trading).
Learn how the trading and charting platform works
(Call your broker who’ll be happy to help with the above first steps).
Make sure you have a proven and a profitable trading strategy
(Every strategy needs to have its own entry, exit levels and risk management rules).
Back-test your trading strategy
(Back test 20 trades and then forward test 20 trades on your paper account).
Deposit money into account
(You can start trading with less than R1,000 to test the markets in real-time).
Take every trade according to the strategy
(This way you can develop your track record).
Track your trading performance to ensure your portfolio is on the up
(Win rate, average winner, average loser, no. of winners, losers and other metrics).
Read more trading books and watch YouTube videos to learn extra tips
(Each tip can help boost your winners, cut losers and increase your win rate).
Keep your head in the game
(You’ll need passion, integration and determination to maintain your trading career).
It’s your turn
Print and laminate these steps, so you know how to start trading – the right way.
Until next time,