How to trade in 4 simple steps for beginners

For beginners. If you want to start trading but have no idea where to start to begin a trading career then here are four steps to get you on a path forward. Please note that this may or may not work for everyone, but in my years of trading I feel this is a good way to get started.

First, download Thinkorswim Mobile for your android or ios device. This is a very basic platform that will allow you to watch stocks trade in real time. It has many features where you can create a watchlist, add indicators to charts, setup price action alerts, a timely news feed, chatrooms, and more.

Second, use Google or Investopedia or Stockcharts.com to start learning some bullish patterns and chart setups. There are around a dozen or so chart patterns that should be learned so you can recognize them when you are looking over charts. As technical traders, you will play and trade these patterns. With some practice and time you will find that some of these patterns can be a valuable tool for your trading strategy.

Third, use the same sources mentioned above to learn what a bullish scan is. Once you have an understanding that you can easily find stocks by simply scanning for them using software and or websites like Finviz.com, it will be much easier to discover stocks poised for breakouts before the masses discover them. Once you learn how to scan for stocks then you can look for stocks that have the bullish setups/patterns that looked poised for a breakout that you already learned from step 2 (Second) that I mentioned earlier.

Fourth, add those best looking setups to a new watchlist on your platform (thinkorswim) and setup price action alerts that alert you when the stock breaks out over a previous price level or resistance. It will be important that you learn what support and resistance levels are on charts so you can play them accordingly.

There is so much more you will need to learn to have any success in the markets and I know I am leaving out a ton of information. I just hope that these simple steps will at least point you in the right direction to get started with the least amount of confusion. Hope it helps and good luck. Dont be afraid to ask questions and if you find my info helpful then give me a follow here on Facebook and or on Twitter (TheTermintrader@NicolasSander).