Watch our video on how to get started and learn stock trading.
How to Learn Stock Trading for Beginners in 2020
- Our basic course teaches how to learn the stock market from a beginners perspective. A key starting point
- You will learn the basic components of options contracts as well giving you a foundation for future option trading strategies
- Begin learning how to start day trading in our basic course
- We teach you how to identify the trend and dip buy in our swing trading course, a very popular strategy
- Our penny stock course teaches how to day trade low float penny stocks - one of the most challenging things to master.
- The advanced options course teaches how to sell options and trade spreads like a pro
- You'll learn how to trade the most popular candlestick patterns with entries and stop levels - a very important method in trading
- Find out how to identify reversal patterns within the bigger patterns. Pattern recognition and synchronicity is key!
- How to setup your brokerage account to prepare for trading
- Our homemade candlestick e-book and custom made wallpapers included
When we began our own journeys here at the Bullish Bears to learn stock trading, we weren't happy with what we found in the industry. That being said, we decided to start a club with the priority of helping YOU first, not lining our pockets. We have always kept in mind what we were searching for when we were beginners and the industry was severely lacking it.
The bogus pumping of dumping on their members by, "gurus", who acted like it was their job to look like a hero, while front loading stocks and selling them to their members...promoting false lifestyles, and then charging an arm and a leg to learn the "secrets" to trading, or their crazy expensive courses.
We offer the "trading secrets" to our club members and we do it for a very affordable price. We do our best to make the learning process of trading stocks, options and futures as simple and as cheap as possible. Our goal is for you to walk away with having learned stock trading, options trading, or futures trading and not ever need the Bullish Bears again!
From the learning stock trading for beginners to the advanced, it's all here for you. You'll learn the basics, candlesticks and patterns along with technical analysis, all the way up to advanced options strategies and day trading. You'll be armed with knowledge to trade in any market conditions. Being able to make your own trading decisions without the help of a guru or mentor. But you will make a lot of friends who ultimately will be here for you to keep things positive and allow you to flourish in an environment where you can succeed.
This is the type of community and we wished we had when we started out. Unfortunately, it didn't exist for us then, but it does exist for ALL OF US now.
2. How to Learn Stock Trading for Beginners
There are two schools of thought when you learn stock trading as a beginner. That's the investing approach vs trading approach. Many people are familiar with investing and building wealth. That's how we build our retirement funds. Things like mutual funds and 401ks are important to have.
Many times we have an investment portfolio through the companies we work for. Other times we take matters into our own hands and start our own investment accounts. Most times we have an investment broker or financial adviser that handles those needs for us.
What a trader does is much different though. It's very hands on and there are multiple strategies they may use to be successful. If you don't learn stock trading in the proper ways, then it becomes incredibly risky. However, trading can very profitable if done right, with proper risk management and discipline.
The Bullish Bears community offers a trading service to our community members. Trading is our primary focus. We aren't financial advisers and we don't tell our members where to invest their money in. We do teach you to read charts, and recommend you use certain tools to make decisions, but ultimately, when it comes to investing, don't play games. Stick to practices that are back tested and proven, or contact a professional advisor you can TRUST!
3. Best Way to Learn Stock Trading
We teach them how to "trade" stocks, options and futures in our trading room. That means, we teach support and resistance, charting, order entry and implementation, the psychology behind trading, and also provide a community of support for help along the trading journey. Our live streams are the best way to learn stock trading because it's real time, and you can ask questions, and see what we are thinking and the WHY behind trading.
Again, we say it over and over but we will continue to repeat it, we are not a stock pumping service and don't call out entries and exits on low float, easy to manipulate trades. We think it is morally and ethically wrong to use a trade room to pump a position and make you look like a rock star. We teach our community members how to become their own self sufficient traders. Our trading live streams really help with how to learn stock market trading.
So, if you're looking to learn stock trading and are willing to put in the effort then our community will be a potential great fit for you. We have a free swing trading course and options trading course available on our website as well if you need more help getting started with stock trading training. We can't stress enough how our website and courses are some of the best resources to learn stock trading.
How Do People Make a Living in the Stock Market Trading Stocks?
- Some traders like to make a living in the stock market day trading and scalping low float penny stocks
- Other traders like to day trade large cap weekly options
- Swing trading shares of large cap stocks is popular with those that have large brokerage accounts
- Trading options is also popular and you don't have to have a large amount of capital
- Options credit and debit spreads are another popular trading stock market trading strategy and is also good risk management over buying naked calls and puts.
1. Commodities (Futures)
The commodities sector is a very popular trading and investing sector. Some of the most popular commodities are gold and silver, oil, energy, and natural gas. Commodities and commodity futures are very popular among both traders and investors. Click here to see a list of the most popular companies in the different sectors.
What is the commodity sector? It is primarily stocks or futures that are dealing with goods. These "goods" could be raw or partly refined materials whose value mainly reflects the costs of searching, acquiring, or producing them for the market. Other examples of commodities are, corn, beef, grains, and cotton and other minerals like uranium
So, no matter whether you're a trader or investor it's still critical to know how to chart a stock before entering into any trade.
We teach you the fundamental skills on how to do this between our courses, trade rooms, live streams, and within our community.
2. Stock Market Trading With Pot Stocks
Potstocks are one of the most popular yet most misunderstood sectors within the trading world. Many newbie traders get started trading pot stocks, however, they don't have the proper mindset with them.
Many newbie traders hear from other chat services or pump and dump sites that pot stocks are "going to the moon". This has been going on for years. A lot of new traders get suckered into these pump and dump schemes and then end up losing their hard earned money.
They get caught up in the "get rich quick" mentality and then wonder what the heck happened.
Pot stocks are the epitome of pump and dumps, however, you can make some serious money along the way "trading" them. Are some pot stocks good investments long term? Sure, but they are also hard to find. Make sure to do your proper research first before investing in them. Make sure you look at every stock closely using Stockrover before pulling the trigger.
If you're looking to "trade" pot stocks then you've got the right mentality. Once you've mastered support and resistance then you can make some serious money trading them both long and short. Again, there are some pot stocks that are good investments long term. Just make sure that you do your due diligence researching them.
3. Learn...Crypto Trading?!
Ahhh...the good ole world of crypto. Crypto aka Bitcoin is a hot button topic that really gets people going. Just the mention of this word sets emotions into high gear.
So...we are going to keep this topic short and sweet. Just like any stock...no one in the world can predict what a stock or sector is going to do long-term. Can crypto become the best thing since sliced bread? Sure! Can it also become one of the greatest pump and dumps of all time? Yes.
Can you make a TON of money trading crypto? ABSOLUTELY! But...as you can see from the charts...a TON of people have lost their life savings "investing long-term" from buying at the top of the pump.
We are always trying to do our best to protect our members. When purchasing stocks in hot button sectors, it's important to do your proper fundamental and technical research, just like you would in any stock.
Crypto and pot stocks are really important sectors to be aware of. They are a day traders dream because of their volatility but a new investors nightmare if they don't know support and resistance.
Again, we are a trading company and not financial advisers. So, as traders we say to trade these sectors but make sure to do your due diligence if you're looking to invest in them long term. The best way to learn stock trading is to study and practice a lot until you feel comfortable trading with real money. Check out Bitcoin Stocks List for a full read on stocks within this sector.
How Much Money Do You Need to Buy Stocks When Trading?
- The amount of money that you need to buy stocks when trading differs based upon trading style
- You can start trading with $100 - $1,000 if you are looking to start small and slowly grow an account
- Options traders should shoot to have around $2,500-$5,000 to get started
- Day traders require a minimum balance of $25,000 to avoid the pattern day trading (pdt rule)
- If you are an active trade and want to use your account as leverage to trade then it's helpful to have at least $25,000
1. Trading Stocks Basics
It's important to choose the right broker when you first get started with learning stock trading for dummies. There are so many stock brokers to choose from so how do you know the right one to choose? Each broker has their positives and negatives depending on your trading style.
TD Ameritrade is probably the best overall broker if you're new to the trading world. Their customer service is phenomenal. If you ever have questions, they're great. We also feel that their charting platform overall is second to none. Their charting platform is one of the best ways to learn stock market trading.
The are great overall for buying stocks and options. It's very important to paper trade and make at least a couple hundred practice trades in a stock trading simulator before ever trading with real money. The ThinkorSwim platform is one of the best paper trading platforms in the industry.
Some of the drawbacks of TD are their commission fees and their short locate availability. So if you're going to be a heavy day trader then they might not be the best broker. If you're only casually day trading with a couple thousand shares then they are great.
Take our ThinkorSwim course if you need more help getting your platform setup.
2. Interactive Brokers - We're Big Fans
Interactive Brokers is another solid platform that we recommend to our community. Their customer service is pretty good, not as good as TD but it's sufficient. Their paper trading account is also very solid.
They are a really good platform for day trading. Their order executions and short locate availability is solid. Their commission fees are some of the most reasonable in the industry. Also, they are really good for options trading.
Their charting platform isn't great though. It's sufficient, however, we still much rather prefer ThinkorSwim for charting. Many traders will use ThinkorSwim for charting while trading with Interactive Brokers. We know it's a bit of a pain to use two platforms, however, many traders do it. Again, it's a matter of your preference. Some people really like Interactive Brokers charts though, it's a matter of your preference.
Take our Interactive Brokers Platform course if you need more help setting up your account. Paper trading is the best way to learn stock trading.
3. E-Trade & Fidelity
We don't have much experience with E-trade, however, they are a very popular broker. From what we've heard they aren't the best broker for day trading. They are a solid broker for trading overall though. They seem to be continuously making upgrades to their charting platform as well. Again, we don't have too much experience with them. The free commissions they offer are great.
Fidelity is another broker that has great customer service. They are right up their with TD Ameritrade. They are a solid broker for purchasing stocks and options, however, they aren't the best for day trading. Also, they don't have the best executions and their active trader platform is good for stocks like $AAPL and $AMD but trading low floats on it is a no. Their charting platform has made some improvements, however, we still like ThinkorSwim better for charting.
TD Ameritrade and Fidelity are also really good brokers for long term investing. So, if you're looking to be an aggressive day trader then we'd still recommend using Interactive Brokers over TD Ameritrade, Fidelity, and E-trade.
4. Speedtrader & Centerpoint
SpeedTrader and Centerpoint Securities are the big daddy brokers for those looking to be aggressive day traders. You have to have at least $25,000-$30,000 in your brokerage account to be able to open accounts with them. Well, recently SpeedTrader has started allowing you to open an account with 5k.
They are also the top brokers for finding short locate availability, however, we've found that Interactive Brokers gives them a solid run for their money and there are no account minimums anymore to open an Interactive Brokers account.
The charting platform is much better with SpeedTrader compared to Interactive Brokers.
SpeedTrader and Centerpoint allow you to use the DasTrader platform for charting and order executions. If you're looking to become a professional day trader then the DAS platform is the top in the industry. DAS Trader also allows you to use their platform with Interactive Brokers as well. You want that Direct Access routing and hotkeys to be an active, professional day trader.
So, when choosing between Interactive Brokers, SpeedTrader, and Centerpoint just know that you can use the DAS Trader platform when making trades on any of those platforms.
5. Best Way to Learn Stock Trading for Beginners
Again, if you're a casual day trader then Interactive Brokers is our preference, followed by TD Ameritrade. If you're going to be aggressive as a day trader and have the funds then we'd recommend SpeedTrader or Centerpoint Securities.
Also, check out CMEG group as well if you're looking to day trade. They allow you to day trade, their fees are low, and there's no pdt rule. Read our CMEG Review to learn more.
If you're looking to buy shares of a stock or trade options then we highly recommend using ThinkorSwim. You can't go wrong with them. Again, their fees are a bit higher, however, if you make smart trades then they are worth it.
If you are just going to be a casual long term trader then both TD Ameritrade and Fidelity are solid brokers to use.
Check out our stock watchlist and trade alerts pages if you're not familiar with how our trading service works.
Learn Stock Market Trading Our Community
If you want to become a profitable trader long-term then it's important to treat trading like you would a profession. And like any profession, it takes tools to help you become successful. As you grow as a trader, it's important to add tools to your trading tool bag. Tools such as stock scanners, and charting software. Free stock scanners and charting software are great for beginner traders but as you advance it's important to have better tools.
When you first get started, take advantage of all of the free resources that are available to you. Again, make sure to take our free courses. Go slow and really absorb what we are teaching you. Click the link below to start your 14 day free trial. Our trial is the best way to learn stock trading because you will get to practice live what we are teaching.
Learning Volatility Trading
Stock scanners hunt for volume and volatility with in stocks and traders are hunters of volatility. Scanners will save you an incredible amount of time of doing lots of research. Again, start off with free scanners then work your way up to scanners like Trade Ideas or Black Box Stocks when you have the budget available.
TrendSpider is hands down the most incredible automated charting platform in the industry. They do all the heavy lifting of drawing trend lines and mapping out support and resistance for you. Mapping out support and resistance is the key to becoming a successful trader and TrendSpider is the innovator on making this process so much easier. Read our TrendSpider Review.
Stocks move many of times based upon breaking news and having a solid breaking news service can be a game-changer when it comes to trading. Benzinga Pro is our favorite news wire service.
Stock news hits the newswires before it hits the scanners. Remember, scanners hunt for volatility (stock volume), so newswires can help you get a traders edge and get a potential position before the heard comes in. If you want to learn more then check out our Benzinga Pro Review.
Best Resources to Learn Stock Trading
Reading is really important to your growth as a trader. Having the proper mindset and knowing how to overcome the emotions of trading will be one of the most important lessons to learn. Learning technical analysis and candlesticks is very important as well but that comes second to knowing how to control your emotions when trading. Take our stock courses if you need more help getting started.
Take stock training and trading seriously and invest in yourself. Study and really put the time in that trading deserves. Just like in college...you don't get a degree in your first semester. Trading is the same way. It takes many traders several months if not 1 year+ to become a comfortable and profitable trader, so go easy on yourself if it takes you time to overcome the learning curves with trading. It's a normal part of the process when you learn stock trading.