How To Start Trading Stocks As A Complete Beginner (1/4)

Summary

In this educational video, Ricky, a verified YouTuber with over 1.1 million subscribers and 232k Instagram followers, introduces viewers to the world of stock trading. He emphasizes the importance of learning over immediate financial gain and recommends paper trading as a risk-free way to practice. Ricky shares his personal experience with Weeble, a trading platform offering a simulation feature, and promises to guide viewers through setting up a Weeble account and utilizing its paper trading application in the next video. He encourages engagement and offers support via direct messages on Discord.

Takeaways

• 🎉 Congratulations are in order for starting to learn about stock market trading or investing.
• 👤 The speaker, Ricky, has a significant online presence with over 1.1 million YouTube subscribers and 232,000 Instagram followers.
• 📈 Ricky's passion lies in both trading himself and teaching others, particularly the next generation of traders.
• 📚 The video series aims to be educational, focusing on tools and resources available to beginner traders without any fluff.
• 👍 Ricky encourages viewers to like and subscribe if they find the content valuable.
• 💡 One of the biggest mistakes for beginners is focusing too much on making money rather than learning the skills first.
• 💸 Paper trading, or simulation trading, is recommended as a risk-free way to learn trading strategies using fake money.
• 🆓 Many popular trading applications offer free paper trading features, including Weeble, which Ricky personally uses.
• 🔗 Weeble is highlighted as it offers a paper trading feature within its platform and provides up to 12 free shares for new users.
• 🤝 Ricky suggests joining his LBP team to watch live trades, which can be a learning opportunity without copying his trades.
• 📈 The script emphasizes the importance of gaining experience and understanding the market before transitioning to real money trading.
• 🔍 The next video in the series will guide viewers on setting up a Weeble trading account and using its paper trading feature.

Q & A

Who is the speaker in the video script?

The speaker in the video script is Ricky, who is a verified YouTuber with over 1.1 million subscribers and 232,000 followers on Instagram.

What is Ricky's primary passion according to the script?

Ricky's primary passion is not only trading himself every single morning with his LBP team but also teaching the next generation of traders.

What is the main focus of Ricky's YouTube videos?

The main focus of Ricky's YouTube videos is to provide straight-to-the-point content that shows the tools and resources available for new beginner traders.

What is one of the biggest mistakes a beginner trader makes according to Ricky?

One of the biggest mistakes a beginner trader makes is focusing too much on the money rather than focusing solely on learning.

What is the term 'paper trading' also known as?

'Paper trading' is also known as 'simulation trading'.

Why is paper trading recommended for beginners?

Paper trading is recommended for beginners because it allows them to focus on learning how to trade or invest without taking any monetary risk.

Which trading application does Ricky personally use that offers a paper trading feature?

Ricky personally uses Weeble, which offers a paper trading or simulation trading application within its platform.

What does Ricky suggest about copying his trading actions?

Ricky suggests that beginners should not copy his trading actions but should understand and test their abilities to buy and sell stocks and practice different indicators.

What is the benefit of using a paper trading platform like Weeble?

The benefit of using a paper trading platform like Weeble is that it allows traders to gain real experience without any monetary risk.

What is the next step Ricky plans to show in his next video?

In the next video, Ricky plans to show how to set up a Weeble trading application, create an actual Weeble trading account, and use the paper trading application feature on the Weeble app.

How can viewers get in touch with Ricky for questions or direct messages?

Viewers can get in touch with Ricky by commenting down below the video or sending him a direct message via Discord.