Free Day Trading Course
Free Day Trading Course
Tradenet offers a large variety of free material in the form of free day trading course on its YouTube channel. Both new traders and experienced ones can access the learning material and use it to learn the nuances of the trade and up their game.
Free Day Trading Course
The free day trading course offered by Tradenet is the best way to get started with day trading. It fulfills the need of the traders to learn and get mentored. Some of the lessons under the free day trading course include the following:
Introduction to Trading with Tradenet
The first video under the free day trading course introduces the traders to the basics of the stock market. It discusses various exchanges in the US like NYSE and NASDAQ, trading platforms and use of stock symbols, and stock exchange operating hours in the US and the UK. The video also discusses which stocks are traded based on criteria like the price of a stock, average daily volume, and spread.
The second video under the free day trading course revolves around trading methodology. Meir explains the difference between swing trading and day trading regarding time, number of trades, initial capital, infrastructure, and timeframe. A swing trade lasts from a few days to a few weeks; however, a day trade only lasts between few minutes to a few hours. The video also mentions two types of transactions as long and short. It also shows examples of short-selling and how exactly does shorting work.
In the third lesson of the free day trading course, Meir explains the Japanese candlesticks. It is the most common way to represent stock prices wherein a green candlestick means that the price went up and red candlestick implies that the price moved down. The video explains in detail how to use and read Japanese candlesticks. The candlesticks can be rising price, declining price, or Doji meaning without any change. Meir also talks about the history of Japanese candlesticks in this video.
Lesson 4 of free day trading course provides information on market indicators. Market indicators are critical tools for intraday day trading. The lesson talks about some of the essential market indicators like the S&P 500 Index, and the NASDAQ Index. Meir helps traders to learn reading charts based on these indicators.
Traders can visit the YouTube channel of Tradenet for more videos under the free day trading course.
Tradenet Wiki is the YouTube channel of Tradenet that contains videos related to the technical aspects of trading.
Technical Analysis in Day Trading
The first lesson is about how to use technical analysis in day trading. Technical analysis is easy to comprehend and offers a practical strategy for the day traders. Traders search for technical signals in the stock charts and focus on price changes only. Technical trading follows three basic premises: Change in price embodies all market forces, prices move in trends, and history repeats itself.
Trading With a Funded Prop Trading Account
The next video talks about day trading with a proprietary funded account. Day traders have an option to choose between personal trading account or proprietary funded accounts. Proprietary accounts are available only with specialized investment firms with their trading desks. Traders receive capital from the firm in exchange for a share in their profits. The investment firm also assumes all the risks and offer education and training as well, like Tradenet.
The third video under Tradenet Wiki offers a guide to the basics of day trading on margin. Margin trading is highly speculative, and under the US regulations, brokers can only provide a margin up to 4:1. The video also shows multiple appropriate examples, along with the advantages and disadvantages of trading on margin.
The next video helps the traders to choose the best broker for day trading. Brokers can provide either direct-access platforms or web-based platforms. Direct access platforms are more comfortable to configure and access, are faster and offer more features. Brokers must be working under regulatory framework. The choice must be based on the experience of the broker, if they provide insurance to the money, minimum execution cost, deposit amount, margin ratio, fees, and trading platforms offered.
Tradenet YouTube page also carries a lot of videos with past examples of trading like how day trading without a hard stop turned a $6,000 loss to a $2,000 win. Alongside, Meir Barak also gives the traders access to his live trading each day between 9.30 am to 4.00 pm EST for the traders to mirror trades and learn practically. So, don’t forget to look at the button for live trading on Tradenet.
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Best Free Day Trading Course
Considering all the aspects discussed, Tradenet offers the best free day trading course. The lessons and videos are comprehensive and to-the-point. The course includes directions, exclusive tips, and real-life examples.
As a bottom line, free day trading courses, especially Tradenet free day trading course, give the newbies and the experienced traders the foundation to keep learning and gain from the experience of the mentors as strong and successful as Meir Barak.
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