How to Start a Trading Business with $500
Written by Heikin Ashi Trader
Narrated by Jack Sanders
4.5/5
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About this audiobook
Many new traders have little capital available in the beginning, but this is not an obstacle to starting a trading career anyway.
However, this book is not about how to grow a $500 account into a $500,000 account. It is precisely these exaggerated return expectations that bring most beginners to failure.
Instead, the author shows, in a realistic way, how you can become a full-time trader in spite of limited start-up capital. This applies both for traders who want to remain private, as well as for those who want to eventually trade customer funds.
This book shows step by step how to do it. In addition, there is a concrete action plan for each step. Anyone can be a trader in principle, if he or she is willing to learn how this business works.
Contents
1. How to Become a Trader with only $500 at Your Stake?
2. How to Acquire Good Trading Habits?
3. How to Become a Disciplined Trader
4. The Fairy Tale of Compound Interest
5. How to Tade a $500 Account?
6. Social Trading
7. Talk to Your Broker
8. How to Become a Professional Trader?
9. Trading for a Hedge Fund
10. Lear to Network
11. Become a Professional Trader in Seven Steps.
12. $500 is a Lot of Money.
Heikin Ashi Trader
Heikin Ashi Trader is the pseudonym of a trader who has over 19 years of experience in day trading futures and currencies. He traded for a hedge fund and then went on his own. He specializes in scalping and fast day trading. His scalping book "Scalping Is Fun!" is an international bestseller and has been sold more than 30.000 times. His books have been translated into 11 languages.
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Reviews for How to Start a Trading Business with $500
43 ratings3 reviews
- Rating: 3 out of 5 stars3/5Practical and honest guidance, if you can get passed the hyper inflated ego vernacular
1 person found this helpful
- Rating: 5 out of 5 stars5/5i find it super helpful, professional rewarding,and i highly recommend this book for traders
- Rating: 3 out of 5 stars3/5Good, but not something I haven’t heard already. YouTuber that are good traders always talk about risk management. That’s the most important thing, because even if you lose 60% of your trades, you make profit with good risk management. $4000 every month to pay bills?!! That’s crazy.. I would be very happy with $10 a day. And you’ll keep learning by practicing. If you understand Dutch, check out Doopiecash. Those guys showed how you can grow a €100,- account with 1% a day (if you already know how to trade) and yes… make a million after 3 years. To be more realistic.. probably after 4-5 years.