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.

Outlines

00:00

🎓 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.

Keywords

💡Trading

Trading in the context of the video refers to the act of buying and selling financial instruments, such as stocks, on the stock market. It is the core activity around which the video's content is centered, as the speaker discusses learning and practicing this skill. The video emphasizes the importance of trading as a means to potentially generate profits through the stock market.

💡Invest

To invest means to allocate resources, such as money, with the expectation of generating income or profit. In the video, investing is synonymous with trading in the stock market, and the speaker encourages viewers to learn how to invest wisely, highlighting the educational aspect of the content provided.

💡Stock Market

The stock market is a platform where shares of publicly traded companies are bought and sold. It is the central theme of the video, where the speaker discusses the process of learning to trade and invest. The stock market is portrayed as a complex environment that requires knowledge and practice to navigate successfully.

💡Ricky

Ricky is the speaker in the video and a verified social media influencer with a significant following on YouTube and Instagram. He uses his platform to teach others about trading and investing, and his personal involvement adds credibility to the educational content being shared.

💡Paper Trading

Paper trading, also known as simulation trading, is a practice where traders use virtual money to mimic real trading scenarios. The video promotes paper trading as a risk-free way to learn and practice trading strategies without the fear of financial loss, which is crucial for beginners.

💡Monetary Risk

Monetary risk refers to the potential for financial loss. The video emphasizes the importance of avoiding such risks when first learning to trade by using paper trading, which allows individuals to gain experience without the possibility of losing real money.

💡Weeble

Weeble is a trading platform mentioned in the video that offers a paper trading or simulation trading application. It is highlighted as a tool that enables beginners to practice trading without monetary risk, and the speaker personally recommends it for its features.

💡LBP Team

The LBP Team refers to a group of traders that the speaker, Ricky, is part of. They trade live every morning, and the video suggests that viewers can learn from observing their trading strategies and practices, which is an example of how the community aspect can enhance learning.

💡Indicators

Indicators in trading are tools or signals used to analyze the market and make informed decisions. The video suggests that practicing with different indicators is part of the learning process in paper trading, helping traders to understand market trends and make better decisions.

💡Transition

In the context of the video, transition refers to the movement from paper trading with virtual money to real trading with actual funds. The video encourages a gradual and informed transition once the trader feels confident and has gained enough experience through paper trading.

💡Educational Content

The video's content is educational, aiming to teach viewers about trading and investing in the stock market. It provides insights into common mistakes, strategies for learning, and tools for practice, all of which are essential for understanding the complexities of trading.

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