New to Trading , few questions!

[sijon]

:clap: Hello T2W

I am 25 recently quit my sales and marketing job because of its pushy and aggressive nature specially this office which I was working for, low pay, no integrity, no place for thinking.. not a place I want to work.

I am a designer by studies and I will be going back to University to compete my education in September! 👍 My ultimate aim to do trading is to have financial independence in future, learn about business and have more freedom in life. I am quite noob atm and happy to be patience as I am in no rush, but I want to take trading and learning about it seriously as of this day.

So from February to September, I have tons of free time but little funds..I plan to get part time job and start saving money. I do not have much out going expenses as you can imagine...and I plan to remain single as its only hassle and waste of time..😛. Honestly, as I have grown older I prefer books, knowledge rather then going out and getting drunk.

I am thinker, adventurous and risk-taker by nature but I am also disciplined and willing to progress and be detached emotionally from trading..of course I understand it not easy to do, as to write. I know I can because I have cold robotic side in me too! :idea:

My ultimate plan is to be life long trader and have life long passion in Trading! Learn economics, business and finance. I have always dreamed to be self-employed and even an entrepreneur. I can see trading teaching me lessons and maybe even opening a path towards my dream.

Anyways, With little funds but lot of time what do you guys think would be best approach for me?
I do not want to drown myself in theory just to realise, it only made things more complicated when I trade...neither do I want to jump straight into trading without learning basic fundamentals and being good enough drive my car safely. Eventually after theory, I will do some paper trading then 3-4 months time get real feel with real money..like I said before I m in no rush to make billions 😎 kidding 😀. Just want to have solid foundation to be a good trader.

Should I learn basics(related to trading) of Maths, Economics, Finance, Business also? If so which would be helpful longterm?

Thank you for your time! I feel blessed to be part of this forum. :clap:

 

[dbphoenix]

Welcome. The first responses you will get will most likely involve investigating forex. However, before you make that particular leap, I suggest you read this regarding Developing A Plan. You will begin by deciding just what kind of trader you want to be, what exactly you want out of it. Until that's decided, there's really no point in deciding what you want to trade as you will have nothing on which to base your decision.

Once you've made those decisions, then it's time to decide what it is you want to trade: stocks, options, futures, whatever. As you have no money, you are in the best possible position as you are forced to take your time and even study how the market works before throwing money at it. But you don't need money in order to conduct these investigations. And once your investigations are well underway, you will then be in a position to put your money to more productive and intelligent uses.

Db