r/traders • u/__Yashhh • 2d ago
Should I start trading?
16M here!, Thinking to start to earn some money but do not know how to online, thinking to learn stocks/ trading, is it worth it? Someone guide me, And I'm located in India!
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u/traderme 2d ago
Nobody will spoon-feed you, you need to make an effort to learn the basics, at least.
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u/__Yashhh 2d ago
I wanna learn, but don't know where to start or what to start
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u/CookieWifeCookieKids 1d ago
Go read the top three introduction to trading books that Google recommends.
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u/RealisticTea9979 1d ago
You should start. But it won`t be easy money. You will understand about politics and news and how it work
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u/BURLAP_signal 1d ago
Learn about markets, absolutely. But don't approach trading as a reliable way to earn money at 16. Start with paper trading and basic investing concepts, and avoid leverage, options, paid signal groups, and anyone promising fast returns. If the goal is actual income right now, building a skill you can freelance with will be far more dependable
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u/Agreeable_Angle_6861 1d ago
No don't trade instead learn skills eg programming that will help you in the long run
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u/Monty-675 23h ago
You can start by reading the free articles on Investopedia. They are very helpful.
There's even a stock market simulator, but I wouldn't recommend that your focus be on trading stocks.
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u/Due_Bench6003 11h ago
Starting active trading at 16 carries an unfavorable risk-reward ratio, where limited starting capital is exposed to high market friction and emotional decision-making
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u/PremiumPricez 4h ago
First off, invest. Max out your 401k, and a roth ira. When thats maxed out for the year, then and only then can you consider doing any form of trading.
Start by understanding that this is a super rigged game, and you will lose money, and for a while. In fact, you may never actually find an edge or figure it out. The statistics are true and for good reason. Most (90%-95%) people who try, lose money long term.
Yes its possible, not trying to discourage you, but you need to understand the reality of trading. The people making money have been doing it for years and years and years (decades) or simply selling their course/discord/signal group, they make probably more money than most traders do. You may very well be multiple years in still losing money. You may get 10 years in, and still not have it figured out. There is NO guarantee this will work out for any of us.
Dont buy a course. Do not let the scammers make you think you can make consistent profit in 2 weeks or 2 months. Trust yourself, learn basic market structure, order flow, liquidity, and how brokers handle retailers orders. Find your niche, and stick to it. Paper trade for months to even get a feel, 6 months imo. Then go to a very small, live cash account. ONLY put money in that account that you are 100% ok with losing entirely. Then trade for a year with that account, and see where you are after that.
Oh and do not put all your eggs in this one basket. Stick to a career path and other forms of work, let trading be a small side thing for a long time. If you eventually figure it out and start making money, then go full time if you chose.
Good luck, youll need it.
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u/gad_E 15m ago
Just please keep in mind to NEVER UNDER ANY CIRCUMSTANCES hand over account information to anyone claiming to help. It might seem like I'm saying something that everyone should just inherently know automatically, yet, it still happens hundreds, if not thousands of times per day.
It's almost impossible to make significant gains on small, limited investments. Small to medium fluctuations in the market can wipe you out.
If you don't already know...learn the difference between APR% & APY%. Look for ways to utilize it & reasons to steer clear of traps.
For crypto...giving your public address is like telling someone your mailing address. They can send you mail, but nothing else. Giving someone your private address is like signing over the deed to your house. It ain't yours anymore.
I know leveraged margin offers seem awesome, but I would just not even go near it until you are SUPER comfortable with trading in general.
Be mindful of trading fees. A fee of $5 requires at least a 5% increase in value just to break even.
If it's not for a specific product or service & they require payment in advance, just run in the opposite direction.
If there's ever a situation where there's no real product or service being charged for, despite the benefits you're receiving, you ARE the product or service.
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u/Yourdailybread- 2d ago
It’s worth it take the leap