Have you ever wondered what it would be like to make an extra $100 a day? How about an extra $500? Maybe even $1,000 or more? Well all those options and more are possible when you know a few things about the financial markets.
Many people think you need tons of money to speculate in the financial markets. Many people think it’s a quest only for the professional trader on Wall Street. The truth is that anyone, yes, anyone, can learn to conquer the markets.
Now, I won’t sit here and tell you that listening to me will make you a millionaire overnight – or even at all. But I can show you how to make consistent money that will surely add up over time.
I began trading when I was 20 years old. I began paper trading (using fake money) while listening to boring lectures in college. I became fascinated with the unlimited income potential that the financial markets could bring.
It’s important to specify the kind of trading I do. Unlike the majority of traders who trade individual stocks (Apple, Google, Tesla, Amazon) I trade E-mini futures contracts where I mainly focus on the Nasdaq 100 Index. The reason for this is the low margin and account size to start out with. When trading individual stocks, many brokers will require a minimum trading account of $25,000. That can be a deal breaker for young guys and gals like myself, especially if you start in your college years or late 20’s. With the E-mini futures, many brokers will allow you to start an account with $1,000 (which is how I started my first account in college).
That being said, the more money you can start with the better. If your initial funds for starting an account are between $1,000 and $5,000 I would strongly suggest paper trading and honing in on your skills before getting started with real money. There’s no rush! The markets will always be there. Take your time, learn, and put yourself in a position to take advantage of the market. Don’t let it take advantage of you.
From here on out I plan to post pictures of the trades I’m taking with an explanation of why I took the trade. My goal is to teach others who have the same young ambition as me and to help you increase your chances of finding success in the financial markets.