Odds to start trading

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From my experience, starting in the world of trading is entering quite tricky terrain. It really is difficult to know what speculation trading is in the stock markets. Suddenly, if you had the happiness of being born into a family of runners and were interested in this, you may already have a section covered. But that is not the case of the 80% that enters this world.

When you want to start becoming independent at 20 and make money, this can be the perfect job. From the comfort of your home, you are your own boss. It gives you financial freedom. Besides everything, it is as easy as buying and selling. Or so they make you believe.

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I entered trading for binary options. At that time (almost five years ago from this) there was one of these youtubers, trading gurus, who had infallible strategies on the market with 90% effectiveness. As I had no experience, this seemed to me like having found the golden goose. And when I made my first deposit at the binary options broker, just over $ 200, I lost each and every one of those dollars with every trade, following those supposed foolproof strategies. Because at first, neophyte, one is not prepared to understand that neither the trading system nor the strategy itself exists.

I followed the indicators and rules such as: if two candles close above or below the bollinger bands, then you should buy or sell, as the case may be. And I lost more money than I mention above with binary options. I walked away from the financial market for about a year.

The following year I came back and approached this market through cryptocurrencies, and I learned about forex, cfd, futures and started taking more extensive tutorials on Japanese candles, explanations about resistance, charting figures, the basics. And I thought then that with that I was ready. I opened the account like a regular broker and re-burned the account. Don’t let this surprise you. When you hear someone say 'with my strategy you don't lose, I have a method that turns $ 10 into $ 100 in 10 days', you should know that something is wrong.

After having suffered hard losses I walked away completely. Everything I had seen or known about this world was false, pure propaganda of methods that only sought to create an illusion. In trading there are many businesses and some focus on selling courses without operating anything. Selling trading courses is big business. Getting someone out of $ 3,000 for a couple of indicators is easier than keeping an account and raising it to that magnitude.

There are also referrals, referrals for brokers, for academies, for everything. So everyone wants to prevent you from leaving the circle of continuing to buy courses, indicators, introducing more money, paying monthly payments, earning some operations, losing more than you earn without really knowing why you do what you do. And they promise to earn money while you study copying the teacher, an irony.

When I lost that last account I went away from the market again and thought about withdrawing completely from trading. However, after recovering financially, I started buying crypto again. And I decided to start again in trading, but doing it professionally, already really knowing the discipline and what it really is. I read the literature of the greats in the trade like Gann, Wyckoff and Elliot and trained with people who were really working on this that could give me better teaching.

But before I could find myself there, when I came back and started to explore the world of trading again, after having been away for almost two years, I made broker webinars thinking that these would be more serious and I literally found the same scam. What is the point of selling because two candles have closed below a support? Buy just because? Don't be fooled into believing that this is a reason to execute an order within the market.

After a tireless search, I came across a Hedge Fund that I was offered to join as a part of their team, after having submitted preliminary training. Surprised, I decided to embark on this adventure with the CEO. This was really a lucky break or I don't know whether to call it destiny. There are good people out there who tell you the truth about the business. But there are more of those who literally seek to spoil the trip within the discipline for their own benefit.

Starting in this world is not easy. At Trading Capital we hope to be able to offer you little by little a variety of articles that serve your learning and allow you to develop a real vision about the price and teach you the discipline of being a professional operator in the financial markets.

But this is not all, when one finishes knowing the fundamentals of the market, the theories, the behavior, its principles, causes and effects, as well as other factors that make up the formation of price, one just begins the journey. As in music, one never stops learning in trading.

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Alejandro Aristeguieta
CEO in Aristeguieta Capital.
Investment Firm and Financial Analysis.

Edition: Jesús Lanz - Editor in chief of Aristeguieta Capital.

Instagram: @ja.lanz.b