suggestions on funding your trading account for new traders

Discussion in 'Trading' started by mute9003, Jul 15, 2024.

  1. mute9003

    mute9003

    My current jub unfortunately does not pay enough to fund anything besides bills and basic expenses.
    i want to focus all my mental power on learning how to trade so im minimizing distractions which includes opening my own business which would take up alot of my resources and at least 3-5 years to develop and become profitable or possibly fail.

    What are other good ways i can fund my trading account.

    i see a reasonable amount of traders create a youtube channel where they stream their progress and failures and lessons as a new trader. is that how they fund their accounts in the begining?
     
  2. fan27

    fan27

    Reduce your expenses and find a better paying job, allowing you to save up some trading capital.
     
  3. If you see the potential in yourself, consider working with a prop firm.
     
  4. DaveV

    DaveV

    This sentence exactly describes trading. All the YouTube videos make it seem that all you have to do is invest a few dollars, learn a few charts or technical indicators, and soon you will be earning major profits. Learning to successfully trade is hard work, and more that 96% of all traders lose money. If you have a plan for another business that could become profitable, I would pursue that instead.
     
  5. newwurldmn

    newwurldmn

    a good trader would know the right course of action.
     
  6. He's not claiming to be a good trader.
     
    faet, newwurldmn and mute9003 like this.
  7. mute9003

    mute9003

    Some of these replies...
     
    faet likes this.
  8. 2rosy

    2rosy

    you can get a backer. describe your plan to make money.
     
    PRINCE NATUHWERA likes this.
  9. mute9003

    mute9003

    looks like only few people actually read the question
     
    PRINCE NATUHWERA likes this.
  10. p0box4

    p0box4

    Or maybe you just don't like the answers?

    Of course creating a YouTube channel isn't going to help you fund your account, only a lucky few succeed and if i understand your post correctly you have little to offer what will attract viewers since you yourself have to learn how to trade.

    The best reply you got so far is the first one, reduce your expenses and get a better paying job or get a second/third job.
     
    #10     Jul 15, 2024
    ironchef, engineering and PPC like this.