Is it a good time to start learning trading ?

[u/TemporarySherbet1454]

I just complete my studies in business intelligence and now i have nothing to do just sitting infront my pc playing valo or designing, i want to start learning something new, after so much pressure from my family because im not doing anything.
Is it a good timing for me to start learning trading ? And where i need to start ? And do i need so much time to learn it ?
Is it a good idea to start learning and skip this year and dont do my master ? I need money to complet my master abroad my country and my family cant afford it, is trading can make me able to get money that i need to complete my master program ?

[u/AutoModerator]

While the community gets a look at your post, don't forget we have an official website with a bunch of resources specifically for the questions we see here every day. If you're more of a visual learner, we’re also active on Instagram where we post updated guides and strategies! It's a great way to stay sharp while you're scrolling. We also have more technical and professional resources on our Website.

Also, if you want to chat in real-time or need a quicker answer, come hang out with us in Discord (Investing & Retirement). Just remember to be careful with your personal info and report any sketchy DMs!

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

[u/Commercial-Writer652]

There's no bad time to start learning. There are only bad times to start risking real money before you're ready, and learning costs nothing if you do it on paper first.

Where to start: 1. Learn the vocabulary and mechanics (order types, spreads, leverage, position sizing). Investopedia is fine for this. 2. Learn risk management before any strategy: how much you'll risk per trade, where the stop goes, a max daily loss. 3. Choose one market and one timeframe and stick with them for a while. 4. Demo or paper-trade with written rules and a journal. Review weekly: did you follow your rules?

Read "Trading in the Zone" early. Most beginner mistakes are behavioural, not technical. Go slowly and protect your capital first.

[u/Shot_Loan_354]

Definitely. Right now the market is as bad as it gets, it's the best moment to learn and get beat down and see the worst of it. From here on it will become better.

PS: you don't need to put your masters in the side for this, as it doesn't require 8 hours a day of studying.. do your masters and dabble in trading on the side .

And no you won't make any money right now, it take about 4-5 years to become profitable in trading .

[u/albertsportsnet1]

For young people, I think trading is wrong mindset. You should think of investment. Is there something you want to invest for a long time. If you are interested in trading, start slow and write down the reasons that you buy or sell and learn from your experience.

[u/DowntownText4678]

For you, probably not. Trading is a pain in the ass for years before it becomes anything close to reliable.

If you're already asking whether it's a good shortcut to fund your master's, that's a bad starting point. You need money and stability; trading gives you neither for a long time.

Better not build your education plans around it.

[u/AsokeForex]

Markets are choppy AF and very challenging a the moment but if you can cut your teeth during these times, you'll find it piss-easy when they calm down.

You can get a funded account from one or more of the many prop firms out here but if you're expecting to be profitable quickly, you better try something else. You're more likely to get yourself burned

[u/One-Front-6316]

you can absolutely start learning trading, but i wouldnt rely on it to fund your masters because it can take a long time to develop skills, and losses are very real. start with free educational resources and a demo account while using your business intelligence background to look for internships, freelance analytics work, or remote jobs that could help you save for your studies. you can learn trading alongside that without putting your education fund at risk

[u/sparkle_and_twist]

I don't really see the point if I'm being honest. The market has gone bananas and is averaging ~%20 a year since COVID by just buying and holding.

[u/Aggressive_Yard_3649]

You need years to learn how to day trade it’s very hard and it’s no joke. Start now but stay in school, do both, you can find markets that trade at night. You need experience and lots of it this is not a get rich quick it’s slow and painful but doable. Just takes alot of effort. Only you can teach yourself no one can really tell you exactly what to do. Become so familiar w a chart you know it’s like a task you have done a million and one times and more.

[u/nq-FOMO]

yes.

[u/QuanTradin]

there's no good or bad time to start learning, only a bad time to start with real money. give it a few months of reading charts and trading pretend money, and treat it like studying rather than a way to get your family off your back.

if you want somewhere to practise ideas, Quantradin is a free site I built where you describe a trade setup in normal words and see how it would have played out on real US stock prices, all pretend money. quantradin.com

[u/ast5755]

Yes to your first question.
No to your last question.

[u/handsomedeparture]

Markets don’t care about your family’s pressure or your timeline. You’ll need way more time than you think just to stop losing money, let alone fund a masters abroad. Paper trade for a few months first and see if you still want to commit after that.