How to start trading get the question all the time and I'm going to talk about it here but just understand that it all starts up in your mind. If you're going to have any success as a trader then getting started as a trader has absolutely nothing to do with "what broker do they use" that choosing an online broker is important but when you're just getting started or you want to get started. Then,
How to Get Started in Trading without Broker?
I assure you the broker is one of the last things that you should be concerned while getting started, with the first thing that you need to be concerned with and you need to realize is "it's all mental" it's all getting yourself in the right frame of mind for the journey that awaits ahead of you and this is definitely not going to be popular. What I have to say probably stupid from a business perspective and not going to sit here and paint some glamor picture about hey all you do is get started and then within like a month or a couple of weeks it's going to be huge and you are sitting on top of Millions of money. That's just not how it works.
So, what do I mean by mental well let's just break things down into two parts and those parts SHORT TERM Vs LONG TERM and I'll just say it right here, there's going to be short-term pain involved and pain is coming in many different ways. Pain in the sense of maybe spending money that you have right now on things you don't want to spend it on, spending your time in ways that you don't want to spend your time on, In other words making some sacrifices and those two things are going to be short-term paying. To illustrate this, I'm just going to tell you my story "How I got started trading and what happened?" and also maybe explain why I guess I'm just a mean person when it comes to people who say "oh I don't have that much and I want to get started or oh you know what was me what was me I just want to get started but...".
ClayTrader "So, when I got started I was in college and you know hey I want to get started I had some money and I quickly realized okay this is something is not right here I need more money because you know using a few hundred dollars here and there is just not going to work and it was just a nasty situation and that's the first step in training is you need to have money." You need some good capital to trade.with so yeah money right here is a big thing and if you don't have money that's fine but this is where some of that pain comes in, pain in the form of a dare. I say going and getting another job or maybe picking up a part-time job but you need to have some sort of way that's going to give you money. Now if you're saying, what kind of crap is this I'm not getting in the stock market to hear that I need to get more jobs or to pick up on our job but I'm getting into the stock market because I want to quit my job.
Short-term pain remembers that a short term so for me I actually started to create money for myself I had a book business and then just you know what I want more money, so I went and got a job at one of the university libraries and I just picked up some more work now. I'm not trying to say I'm the greatest person ever but you know what it was not pleasant it was just not the ideal situations and that my schedule in college when I was like hey you know what I want to do trading and okay you know from that point forward now I'm not saying "I was successful at the short term" but this is what my life consisted of study, go to class, do assignments, work on my business, go to the part-time job sleep over and over and over again and there is a lot of sacrifices but yeah it was some short-term pain. And you know this was a couple of years of my life right there just having to get money and having to create a situation for myself where I could succeed because it took a lot of time it took a lot of effort to just keep myself in the game but when I say a lot it was only a lot in this little section and this time is going to vary for everybody.
If you're getting started a little bit later, you know that's fine too later is better than never but still, even if this is just 30 or 40 years of time it is just a few years for the short term pain while starting in comparing with your 30 or 40 years of a successful life. So, I am only saying that don't come at me or this Website and say "oh clay I want to get in the training but I only have some out of money and then you talk more and more I don't have any money", I don't want to hear that cut some things out from your pocket short-term pain in those situations maybe you don't need to go get another job but cut something out of your budget that is super overpriced, probably you should stay at home go pick up something from the store and don't be paying that big.
Short-term pain yeah it can be annoying when you're first getting started but just set it up a budget is one of those things where once you have it you're set for life because when you can account for where every dollar in your life is going then guess what you can like oh yeah that's kind of a waste of money but you got to get all these ducks in a row before you're ever going to have any chance at success of trading.
Don't do these mistakes,
I realize that most people oh yeah the first step you do is set up this broker and then you fund it with money and then you know the first thing you need to do is realize the mindset "all right I probably, I'm going to need to either spend some money for trading or in many cases dare I say invest in some education and I fully realize that why would I use any of this money I mean I haven't gone out with my friends for the past three weeks you think I'm really going to spend that money that I now have because I'm saving and making sacrifices to invest in education when I can go learn this stuff for free on the internet on YouTube on a blog on social media you know I'm not going to sit here and argue that but just gonna let the statistics speak for themselves and let hopefully common sense come into play here.
But for trading and learning how to trade properly was as easy as just using the internet for free and information then the fail rate of traders would not be 90 percent I mean I'm just going to leave it at that nine out of ten traders fail if learning out trade was as easy as just using that free information I think we can all agree that that stat would be a little different. Maybe not 100% (hundred percent) of people are going to succeed but at least I would say fifty percent but now it's not even close to fifty but 90 percent of traders fail.
Long term Success
So for you, it's all about putting in that short-term pain and realizing that yeah life may not be so pleasant but put in the pain, and then when you're looking at the long term it's just whatever you want to call it, it's freedom. Am I saying that you have to quit your job and do this with time no but maybe just additional money coming into your budget every month because you can sit here and generate whatever amount which your needs just to have I mean an extra let's say you can do it generate an extra five hundred dollars into your budget an extra five hundred dollars on top of the money that you already make with a regular job that maybe you enjoy. I mean that's great but you're never going to get here by this short term period just jumping right in and going full-bore long term it's not going to work out because if you're going to just rush yourself, you're going to be doing things you shouldn't be doing odds are your projects going to turn out to be a gambler because you have no true strategies to begin with because you've never invested your time in learning how. Maybe you don't have enough money so it's kind of I just let's just roll the dice and see whatever it lands on but you better be prepared for short-term pain and not team up I haven't even talked about losing money I'm just talking about in order to get yourself to where you need to be to have a proper education to have a proper trading capital their odds are they're going to be some things in your life that need to change.
Now maybe you're getting started later in life, the good news here is you've already kind of put in a lot of long-term pain because maybe you've been working at a job for the past twenty years that you hate but assuming you've actually been saving and put money aside well hey you're not going to have the money problem in the sense to trade you're just gonna need a little bit of that money to go invest in some education and then you're gonna you know you can start trading from that point but the money issue is not going to be a problem for you.
So you read this, you're going to put in some short-term pain here for a long-term perspective because you need money maybe already have money but you just don't quite have as much time in a journey but they both equal each other.
So how do you start trading better be ready up in your mind with full strategies, you know you're going to start to make some sacrifices you don't have to start to do some things that you don't really want to do that maybe cost you in the sense of some time and some sacrifice but I mean come on take a little short-term pain it's well worth it in the long run.
Guest Article by ClayTrader
For more Trading Videos do visit ClayTrader YouTube channel: https://www.youtube.com/user/ClayTraderVideos
Categories: Blog Tags: how to, get started trading, how to start trading, online income, trading course, trading without broker, clay trader