How To Start Trading Stocks As A Complete Beginner (1/4)
Summary
TLDRIn 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
- đ Congratulations are in order for starting to learn about stock market trading or investing.
- đ€ The speaker, Ricky, has a significant online presence with over 1.1 million YouTube subscribers and 232,000 Instagram followers.
- đ Ricky's passion lies in both trading himself and teaching others, particularly the next generation of traders.
- đ The video series aims to be educational, focusing on tools and resources available to beginner traders without any fluff.
- đ Ricky encourages viewers to like and subscribe if they find the content valuable.
- đĄ One of the biggest mistakes for beginners is focusing too much on making money rather than learning the skills first.
- đž Paper trading, or simulation trading, is recommended as a risk-free way to learn trading strategies using fake money.
- đ Many popular trading applications offer free paper trading features, including Weeble, which Ricky personally uses.
- đ Weeble is highlighted as it offers a paper trading feature within its platform and provides up to 12 free shares for new users.
- đ€ Ricky suggests joining his LBP team to watch live trades, which can be a learning opportunity without copying his trades.
- đ The script emphasizes the importance of gaining experience and understanding the market before transitioning to real money trading.
- đ 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.
Outlines
đ Introduction to Stock Market Trading Education
In this introductory paragraph, Ricky, a verified YouTuber with over 1.1 million subscribers and 232,000 Instagram followers, congratulates viewers for taking the first step in learning about stock market trading or investing. He emphasizes his passion for both trading and teaching the next generation of traders. Ricky promises a series of four educational videos with no fluff, focusing on tools and resources available for beginner traders. He encourages viewers to like and subscribe if they find the content valuable. The paragraph also touches on a common mistake beginners make by focusing too much on money rather than learning, which complicates the process. Ricky introduces the concept of paper trading, also known as simulation trading, as a risk-free way to learn trading skills using fake money.
Mindmap
Keywords
đĄTrading
đĄInvest
đĄStock Market
đĄRicky
đĄPaper Trading
đĄMonetary Risk
đĄWeeble
đĄLBP Team
đĄIndicators
đĄTransition
đĄEducational Content
Highlights
Introduction to Ricky, a YouTuber with over 1.1 million subscribers, verified on Instagram with 232,000 followers, and a passion for trading and teaching the next generation of traders.
Ricky's commitment to providing no-fluff, straight-to-the-point content in a series of four videos on trading tools and resources for beginner traders.
Encouragement for viewers to learn something new and engage with the channel by liking and subscribing.
Discussion of the common mistake beginners make by focusing on money rather than learning when starting to trade.
Introduction of paper trading, also known as simulation trading, as a risk-free way to learn trading with fake money.
Explanation of the benefits of paper trading for focusing on learning without the pressure of financial risk.
Ricky's personal recommendation of the Weeble trading platform for its paper trading or simulation trading feature.
Information on how to download the Weeble app and the benefits of depositing as little as five dollars to earn up to 12 free shares.
Highlight of the live trading aspect with Ricky's LBP team, allowing viewers to observe and learn from real trading scenarios.
Emphasis on the importance of understanding and testing one's own abilities in trading, rather than just copying others.
Advantages of gaining real experience through paper trading without any monetary risk.
Advice on transitioning from paper trading to real trading with confidence and proper preparation.
Preview of the next video in the series, which will show how to set up a Weeble trading account and use its paper trading application feature.
Invitation for viewers to ask questions or reach out via Discord for further assistance.
A reminder to subscribe to not miss the second video in the series.
Transcripts
so I want to first off congratulate you
in taking the first step and learning
how to trade or invest in the stock
market my name is Ricky I have a little
bit over 1.1 million subscribers here on
YouTube I'm also verified on Instagram
232 000 followers and one of my biggest
passions is not only trading myself
every single morning with my LBP team
but also teaching the next generation of
Traders within the next four videos that
you are going to be watching here on
YouTube no fluff straight to the point
and it's going to show you the tools and
resources that are made available now
for the new beginner Traders I really
hope that you learned something new and
if so please consider dropping a thumbs
up and subscribing to the channel if you
feel like I earned it the first thing
that I want to talk about is what is one
of the biggest mistakes that a beginner
Trader makes when wanting to learn how
to do something and I'm not calling you
out because I made the same mistake
myself and I'm pretty certain that you
did as well
when learning how to do something the
sole focus should be to learn but guess
what just like anything we're focused on
the money and it really begins to over
complicate things when you're actually
trying to learn how to do something that
could be very challenging like the stock
market now the reason I say this is the
first thing that I want to talk about is
paper trading paper trading is also
known as simulation trading it means
trading with fake money but Ricky why
would I ever want to trade with fake
money because you get to focus on what's
actually important and that's learning
how to trade or to invest without taking
any form of monetary risk paper trading
or simulation trading is free it comes
at no additional cost for many popular
trading applications out there the one
that I personally use that offers a
paper trading or simulation trading
application within the actual platform
is Weeble and it's the first link in the
description down below at the end of the
video you can feel free to download it
and deposit as little as five dollars
and you'll also earn up to 12 free
shares but the great thing about this
paper trading platform is that let's say
that you join my lpp team I trade live
every single morning so instead of you
watching me trade in the stock market
you see my entries you see my exits what
good does that do for you if you can't
try to practice on your own as well it
doesn't mean that you need to copy what
it is that I'm doing as you should never
copy but to understand and to really
test yourself with your abilities to be
able to buy a stock sell a stock test
and practice different indicators
whatever the case might be imagine being
able to do that at no additional cost or
monetary risk this is the beautiful
thing about paper trading you can gain
real experience without there being any
monetary risk and is that not the main
focus of when learning how to do
something then of course when you feel
like you understand Market enough and
you've gained enough experience then you
can make the solid transition from paper
trading with fake money to then trading
with real money and ease into it and
however it is that you see it to be
appropriate now in the next video I'm
going to show you how to actually set up
a Weeble trading application an actual
Weeble trading account and also show you
how it is that you can use the paper
trading application feature on the
Weeble app if you have any questions
before moving on to the next video feel
free to comment down below or send me a
direct message via Discord and that's
that second link in the description down
below do not forget to subscribe because
you're not going to want to miss the
second video
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