Trading FAQs: The Questions

Here is all the questions answered in the current edition of Trading FAQs.

Section I – Starting Points
How is trading different from investing?
Why should I trade and not just invest?

Section II – The Big 10
How much money can I make trading?
When do I know I’m ready to start live trading?
What books should a new trader read?
Should I quit my job and trade full-time?
Only professional traders make money, right?
Do I have to accept some big losses in the beginning?
How long does it take to make a stable trading income?
How do I start trading?
How difficult is it to trade?
What is the percentage of people who succeed in trading?

Section III – Trading Education
Is it worth spending money on educational resources?
If you know so much, why don’t you just trade?
How do I avoid scammers?

Section IV – Markets & Instruments
What is the best market to trade?
What’s the safest market?
What should I trade?
Is forex trading a scam?
Is it better to trade spot forex or currency futures?
Should I avoid trading over the holidays?

Section V – Trading Mechanics
What is leverage and margin in trading?
How much money do I need to start trading?
Is live trading different than demo trading?
What’s the difference between a stop and a limit order?
Where does the money I make in the market come from?
Do I have to pay taxes on my trading gains?

Section VI – Market Analysis
Which type of market analysis is better?
What is technical and fundamental analysis?
What’s the best technical indicator?
Why didn’t the market rise on the positive news?
What is Support and Resistance?
What is the difference between discretionary and system traders?
What timeframe charts should I look at?
What charting package and/or data feed should I use?

Section VII – Trading Systems
How can I create a good trading plan?
How do you backtest a system?
Where should I put my stop?
Should I buy this system?

Section VIII – Trader Psychology
How important is psychology in trading success?
How can I overcome my fear of pulling the trigger?
Why can’t I follow my trading system?
Why isn’t everyone trading in the same direction?

Section IX – Brokers
What’s the best broker?
How should I select a good broker?
Is my broker trading against me?
Is my broker running my stops?

Section X – Trading Jobs & Careers
How do I get a job trading?
What types of trading jobs are there?
What is a proprietary trading firm (prop shop)?
What’s better, an MBA or a CFA?
What kind of program should I do at school?

Got a question you would like answered or think should be added to this list? Send it in using the Contact Page.

Trading FAQs: Over 50 trading questions answered by experienced traders and market pros

Random Testimonial

  • ~ Not just for brand new traders

    Not just for brand new traders"I'll be candid with you. When I first saw the title I wondered how worthwhile this would be for traders that already have more than a year's experience, but I must say that I was very pleasantly surprised at the content of the book. The book addresses questions and problems that I hear about regularly from traders that have been trading for 5+ years. One of the biggest benefits readers will enjoy is comes from the fact that a big challenge traders face is addressing the many details that go into a successful trading career. It is so easy for several of the essential items to be overlooked for a very long time, and the "Trading FAQs" will remind them of matters that have been forgotten, neglected or never known, while offering solid advice and suggestions on how to address these details. For anyone considering this book, just get it and stop wondering if you should. John produces extremely good work and this will make an excellent addition to your trading library. Brian McAboy "The Trading Turnaround Coach"

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