16 year old new to trading

Oxymoron said:
Needless to mention, new traders should not take risks until they have practised well on a demo account. The market may seem to offer several trading opportunities but if you are not using trading tools correctly, they may take your trades in the opposite direction.
Moreover, as you are just 16 years old, I don't think any broker will let you trade legally. The best way to utilise this gap is by demo trading.
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gotta admit the fact that new traders always face some difficulties on the market, and actually all of us were "new traders" back in the times.

as for the risk management which you have mentioned, i can agree with you and indubitably, new traders always neglect the rules of risk management and hence they have to practice a lot and learn lots of new information DAILY!
it may seem quite boring, but if the rookie wants to acquire new knowledge and experience in trading and of course be successful in this activity, then he has to devote bunch of times to the development of his personal skills. At least I comply with such a strategy.
 
Hellbringer said:
gotta admit the fact that new traders always face some difficulties on the market, and actually all of us were "new traders" back in the times.

as for the risk management which you have mentioned, i can agree with you and indubitably, new traders always neglect the rules of risk management and hence they have to practice a lot and learn lots of new information DAILY!
it may seem quite boring, but if the rookie wants to acquire new knowledge and experience in trading and of course be successful in this activity, then he has to devote bunch of times to the development of his personal skills. At least I comply with such a strategy.
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I totally agree! Time management is crucial when trading!
Make sure to have a plan for every day and know exactly how much time you are devoting to trading.
 
Rsoxs19 said:
Hello everyone! I'm new to the forums and I am absolutely in love with stocks. I opened a custodial account with my mom on ETrade and since then I have been obsessing with checking the prices. So far I have 25 apple shares which I made $100 on but that was just luck. I have a few K to spend on other stocks but not sure on what yet. I plan on going to college for this so I figured I minds well get a head start. My dream job would be working at a big bank in NYC. My question is where can I learn how to start trading now? Is there a particular website or should I just learn by experience? Are these forums good for helping each other? Just wanted to introduce myself and thank everyone for their help!
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Tithe
 
You are a young person with an intelligent mind. You can easily learn and develop technical skills required. I’d suggest you get hold of your emotional health first. There are many good books that you can prefer. Meditation can be a real advantage.
 
Practice, practice and practice. Understand the market without having appropriate knowledge and skills or else you might get lost.
 
Have a good hold on the fundamentals of the market. Understanding the depth of the market is as crucial as it is to a diver to understand the depth of the ocean before diving.
 
Flapdoodle said:
Have a good hold on the fundamentals of the market. Understanding the depth of the market is as crucial as it is to a diver to understand the depth of the ocean before diving.
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I totally agree! Having a good understanding about the fundamentals of the market helps traders to know the reason for the behaviour of the market in certain ways at certain times.
 
You can refer to the belows steps for starting out:
Understand the fundamentals of the market movements in detail

Get technical knowledge

Always remember to protect your capital first and then think about making profits
 
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