every beginner in their day trading
journey has to start somewhere and i'm
glad
that you clicked on this video i'm gonna
show you exactly what tools you need to
get started in day trading
and exactly which indicators and tools i
use to be profitable
every day
[Music]
welcome back to the channel everybody my
name is artie and this
is the moving average a show where we
talk about all things day trading to
keep you profitable
on a consistent basis every single day
so you see all of these things on the
internet people are making tons of money
day trading you want to do the same
thing because you hate your job
so you throw a bunch of money into an
account you blow it and you're like no
day trading is not for me this is what
typically happens to the
new retail trader but i'm going to show
you the tools that you're going to need
you're going to need a technical
analysis platform for
charts i suggest trading view you're
going to need a
broker this broker is gonna allow you to
trade the market most people use apps
like
robinhood or if you're in europe plus
500.
i don't recommend these things i think
they're
of poor quality so i use a broker that
offers a leverage account meaning that
whatever money you have in there
is leveraged by a multiplier and so you
have more buying power with your
original deposit
now that is your broker that broker
gives you access to a trading platform
i suggest mt4 it has a desktop
application
and a mobile application for when you
are placing trades on the go
also if you haven't already you need to
get into cryptocurrencies because that
is the future
that is where currency is going so you
need to plan ahead right now
to get started in cryptocurrencies you
need to sign up to a cryptocurrency
exchange
and most importantly you need to learn
the fundamentals
through youtube videos or a course or
whatever
thankfully you've come to this channel
where i have a
plethora of free videos for you guys i
want to teach you the basics and more
advanced tactics in day trading
so the first step is you subscribing
to the moving average now i've just
started this channel but my goal is to
pump out as much content as humanly
possible
currently i'm pumping out three videos
per day
and i will continue this until i have a
hundred videos on this channel
teaching you all the things that you
need to know about day trading so if you
haven't already
make sure you subscribe to the channel
and watch every one of these videos
then you are going to go to
tradingview.com this is where i do all
of my technical analysis
and this will give you a chart for every
single currency
every cryptocurrency every stock every
index
oils metals whatever it's all here
once you open up your chart it's going
to look completely different from mine
but thankfully i have videos showing you
how to set up candlestick charts
for your technical analysis training the
broker that i suggest
offers one to 500 leverage it is called
osprey fx
i really enjoy them i've never had any
problems with them
you can google it if you like it sign up
if you don't find another one but you do
need a broker the reason why i use
osprey fx is because it allows me to
trade
everything forex crypto indices
metals oils everything i can trade on
osprey without limitations and these
spreads
are 1 to 1.2 pips
it's ridiculous how tight the spreads
are on
this broker now if you don't know what a
spread is just quickly it is the
difference between the buying and
selling price
some brokers have a five pip spread
which is ridiculous because that means
that if you buy
the price would have to go up five pips
before you're even in profit
so the broker is where you deposit your
money
so that you can trade on these different
currencies and indexes and
cryptocurrency but you're not
trading on the broker you're trading on
a trading platform
the broker just gives you access to
trade it on
the trading platform the trading
platform that i suggest
is called metatrader4 it has a mobile
and desktop version
it is very very easy and user friendly
most if not 99 of people
that day trade use metatrader for and if
you want to buy cryptocurrencies which
you should because that is the easiest
way to move money between accounts
so you are a beginner i don't want you
to use
real money right away when you sign up
for
osprey in your dashboard you will have
the option to open up a
demo account this will allow you to
choose an imaginary amount of money
i would suggest using the amount that
you're actually going to start your real
account with
say a thousand dollars or five thousand
dollars so you create a demo account
with a thousand dollars or five thousand
dollars in it
it will give you the username and
password that you need to use that
account on metatrader4
you log in on your phone or desktop and
you get to trade
risk-free because it's imaginary money
but using the same spreads that you
would get on a live account
this way you can learn you can make
mistakes
and it's absolutely risk-free you can
place trades
you can watch how the market is moving
and you can learn
the skills and tools needed to become a
successful trader
then once your demo account is
consistently being in profit
month after month after month or day
after day after day
depending on how impatient you are then
you can pay in real money
and start trading and making money on
that
so all of these things are free to sign
up it's free
to subscribe to my youtube channel it's
free to use trading view it's free to
register for osprey it's free to
download
mt4 and it's free for a cryptocurrency
exchange account
so this is a zero risk adventure for you
all of the links to all of the things
i've mentioned in this video are
down below they are affiliate links so i
get some benefits from it if you don't
feel comfortable with affiliate links
then just go to these websites on your
own but you should still subscribe to
the channel for the tutorial videos
and that's all you need to get started
if you guys enjoyed this video and you
got some value out of it make sure you
smash that like button and subscribe if
you have not
already and we will see you in the next
video