if you are just getting into day trading
what your primary goal and your primary
concern should be getting educated so
whether you're a full-fledged beginner
you just heard about day trading in
forex within the last month or six
months or if you're even an intermediate
trader but sometimes you find yourself
on forums or different communities and
you hear a term that you don't
understand you need to be writing all of
these things down and figuring out what
they mean so in this video i'm going to
show you my two favorite resources for
it
[Music]
welcome back to the channel everybody my
name's artie and this is the moving
average a show where we discuss
everything day trading to keep you
profitable on a consistent basis
seriously when i started day trading and
people were talking about hiking ashy
candles and trend lines and moving
averages but there's exponential and
then they're smooth like there was so
much that i did not know and so what i
did was google things through the
plethora of garbage that's on the
internet i sifted through the most basic
ways to search this stuff so that you
don't get in a situation where you just
learn these terms as you're going i want
you to be proactive and actually find
the entire glossary of these terms so
forex.com in the education tab right
here at the top if you click that right
here it says glossary and it literally
has
every single term in all of day trading
and all of forex literally everything
that you need to know
so what i would do just as you would in
school learning vocabulary for an exam
or a quiz
what i need you to do is go on here and
go through every single one of them
because this is now your career path if
you so choose in order to be good at
your career path you need to have a full
and complete understanding of everything
absolutely every single aspect so you
get on here and you literally start
scrolling from a to z and every single
time you see a term there's a quick
description right here and if you want a
deeper understanding of it that's where
my second website comes into play i will
show you that in just a second but what
i want you to do is scroll through all
of these you can find out what bull
markets are divergences limit orders and
liquidations all of these things you
need to have a deep understanding of
them and this brief little description
or three four five sentences on what it
is will not give you that deep
understanding so the second website that
i recommend
is a website called investopedia you
type any term into the search bar and
you will get the full definition and
they have this completely written out in
an easy to digest and easy to understand
manner with specific examples so if
you're confused about buy stops or sell
stops or buy limits or sell limits you
can learn all about it right here any
job that you start that you've ever
started there is always a period where
you are in training whether you're
working at taco bell and learning how to
make burritos and tacos where you are
educating yourself on that business
forex and day trading is no different
you can't just get in after watching one
youtube video and think that you can
become a millionaire or replace your
full-time income with this you need to
spend the time educating yourself and
training yourself because nobody's going
to do it for you nobody's going to be
there to tell you oh you need to do this
next you need to be proactive and
self-managing and letting yourself have
that time to consume all of the
information all of the terminology all
of the vocabulary all of the definitions
of those things and then you can use
that education and knowledge and
implement it on the charts using those
things for specific strategies the main
purpose of this video is to stop you
gung ho people from getting way too
excited after watching a 15 minute
youtube video and losing all of your
money i want you to actually take this
seriously and i know a lot of you guys
are going to brush this over but then
there's some of you that are just going
to be like oh
wait i don't know everything i probably
only know 20
of a little bit so what i want you to do
is really commit to this take the time
get educated i'm going to have both of
these websites linked down below they're
both free resources to educate yourself
on all of the things that you don't know
i want you to fill in all of the
knowledge gaps that you're missing now
if you are a beginner day trader and you
want to get more information on the
basics check out this playlist right
here and if you consider yourself an
intermediate day trader you can check
out this playlist right here if you guys
enjoyed this video and you got some
value out of it make sure you're
dropping a like for my self-esteem and
the youtube algorithm
and i want you guys to have a very nice
day and we will see you in the next
video