Joseph Dinaru - Day Trading 101 for Newbies

Day Trading 101 for Newbies

Newbie Beginners Guide to Online Day Trading

By Joseph Dinaru

Copyright 2016

T rading can be daunting to learn with so much information for those with no experience. This is why it is imperative to have the right information from the start on day one. If you are new to trading and don't really know where to start, this book is right for you. Think about it; why go risk thousands of dollars in the market before you are ready? This book can help you keep it simple and filter the huge amount of information out there down to only what you need to know right away and then can work towards adding more information and studies as you go.

T his is not a get rich quick business. You can become well off, have financial security and freedom to do anything you want in this business, and you can do it anywhere in the world. It takes time and patience to learn it right and it involves a lot of waiting around till the market comes to you and gives you what you want. Yes that's right, you can actually make the market do exactly what you want and I will tell you how later on in the book.

T his book can help you see if trading is right for you. Learn what works for you before risking a dime. All you need to risk at this juncture is your time and energy learning your new investing and trading business inside and out, can you do that? The money will come on its own trust me on that!! You can take that to the bank!

T he markets are dynamic, and it is imperative to understand how to trade in all type of conditions in the live market when you are your using real money. Be patient, take your time, and enjoy the process as you learn investing and trading. There is no short-cut , and there arent any guarantees. Be realistic and follow the process steps and advice in this book to increase your odds of being successful.

T he four things I tell new traders are the most important to learn to make money and be consistently profitable doing it on a daily basis are: risk and money management, psychology of investing and trading real money versus doing it on demo, knowing how to read price action on a chart and finally knowing how to see supply and demand value areas on a price chart. All the rest of the hype is just BS and a complete waste of valuable time and energy and is not realistic to use when it comes to live market real money investing and trading.

T here is a certain progression of steps that every new investor and trader need to know and study and must follow to become a consistently profitable professional investor and trader. Unfortunately no one tells them in the beginning that most of the information they need is basic and is mostly common sense. Should any brand new investor and trader decide to try to side step any part of the proper education and training and try to go into the live futures markets before you have become consistent on a demo account for however long it takes you to do that, you stand the chance of your money train going wildly off the tracks and losing all of your capital.

N o one wants to have that happen however it is the one of the biggest mistakes a brand new investor and trader can make. I have just told you one of the very most important things not to do as far as trying to side step any part of the proper trading education so dont do it !

I have written this book in a way I feel the progression of information should be learned to be able to go into the live markets with confidence and no fear . The principles in this book can be used in any market on any time frame it does not matter; this is what makes the information so valuable.

I found that the progression all investors and traders need to go through is virtually the same for everyone who enters the business whether you have an MBA from an Ivy league school which, by the way, you do not need to become very successful and rich in this business or you are self-taught like myself.

I do have a high degree of education however it had nothing to do with investing or finance. I spent in excess of one hundred thousand dollars on my education. Even though I dont work in the field I got my degrees in I dont feel the money I spent was wasted. No one can ever take education away from you however if you have not properly educated yourself to work in the live financial market there are certainly people in there who are looking to take all of your money !

T he core of what is presented in this book is how ALL markets work which is on the principle of supply and demand. There is no mention of anything other than what needs to be learned from the start of your trading/investing career and no TA is utilized. It is learning supply and demand investing and trading and price action. Thats what you need to focus on from the start if you want to be successful right away .

A lot of trading books teach a top down or a bottom up approach, how about a right way approach, and the right way from day one. Mostly all of the trading books teach this business not only wrong but they teach it unrealistically. Why would you want to learn this way? If you are thinking that trading and investing in the live market with your hard earned real money is going to be easy and you are going to make millions of dollars doing it you are in for a rude and very expensive awakening. Don't get me wrong you can and will some make money every day in the live markets perhaps LOTS OF IT if you do what it says in this book. Nothing in the market is guaranteed. It's about putting all the probabilities of having a positive outcome in your favor.

W hile I was doing my learning and education I spent a lot of time on studying and learning trading, reading charts and indicators. All I needed to look at was right there on the chart in front of my eyes all the time every day all day, price action, it does not lie, it cannot. It does precisely the opposite it tells you where the supply and demand in the market is and thus where to make your move.

F or 3 years straight, I spent days, nights weekends holidays on studying the aspects of trading that I thought, and that all the educational books tell you will make a better trader. I cant disagree more now with most of that information. Was learning it a waste of time? No absolutely not! The road I took was an enlightening one and I learned a great amount about how geo-economics and geo-politics work and how the world really runs and works, SO no it was not a waste of my time at all, I love to learn and in the course of my education in trading and investing have become an expert at finding data.

T here are no short cuts as I said and what you have to learn and study and learn can take quite a while . It all depends on you and how much time and effort you are willing to put in to learn what needs to be known to be a successful market participant. Like I said, for me it was days, nights, weekends and even some holidays. I just wanted to do it that bad; it takes a lot of dedication and time.

W hen you think you are going to try to shortcut it just remember there are sharks (well get to them later) that are looking for your life blood and hard earned capital in the live market waiting for you to take that shortcut so they can take all your money.

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D o you want to be a danger to yourself or to others in the financial market? If you do what it says in here you WILL BE LETHAL !!!

B rand new (newbie) traders all make the same mistakes over and over because they dont know any better , now you do . Newbie traders tend to do what everyone else is doing and study what everyone else is studying thus they have the same results and failures as everyone else. Dont be that trader! If you can just take the time to read this information in this first book in the series, let it sink in and then continue on your educational journey you will have done yourself a huge favor and also begun to give yourself the needed edge to succeed in this business.