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1) Beginner's guide to start day trading profitably
Rating: 4.3 out of 5(23 ratings)
91 students

1) Beginner's guide to start day trading profitably

Day trading for a complete beginner
Created byHesham Kamel
Last updated 3/2023
English
English [Auto],

What you'll learn

  • Learn what is day trading
  • Expectations and reality of day trading
  • Learn how to access tradable markets
  • What products or assets available to day trade
  • Capital requirements for day trading
  • learn the order types and how prices move in tradable markets
  • Back testing and forward testing your strategy
  • Basic technical analysis
  • Paper trading and recommended platforms

Course content

1 section17 lectures2h 30m total length
  • What is day trading8:03

    Day trading is buying assets at a price and selling them within the same day to profit from small price moves, using leverage with careful risk, edge, and psychology.

  • Day trading and swing trading5:05

    Compare day trading and swing trading by timeframes and commitment: day trades last seconds to hours with quick signals, while swing trades span days to weeks via an online broker.

  • Expectations and reality in day trading4:50

    Treat day trading as a marathon, not a sprint, and embrace a long learning curve with ongoing risk management. Build an edge by turning losses into information and steady progress.

  • Available products to trade3:30

    Explore tradable assets across stocks such as Apple, Google, Facebook, and Oracle, plus futures, commodities, cryptocurrencies like Bitcoin and Etherium, and forex via market makers with Fenves as overview.

  • Gaining access to tradable markets4:04

    To access tradable markets, open an online broker account and choose instruments such as futures or stocks, compare commissions and spreads, and fund your account to start trading.

  • Capital requirements4:25
  • How prices move4:22

    Learn how price moves by analyzing the auction between market and limit orders, using the ladder, bid/ask sizes, and volume profile to predict next moves.

  • Types of orders9:53

    Explore how market orders and limit orders enter and exit markets, with stop orders for exits; compare futures and stocks on organized exchanges, margins, and expiration dynamics.

  • Data feed4:42

    Identify data sources for day trading by using centralized futures or stock feeds from a single exchange, avoid decentralized forex data, and consider currency futures for accuracy.

  • Executing through your platform9:02

    Execute trades confidently through your broker's platform by using level two depth of market, market and limit orders, hotkeys, alarms, and charts; learn shorting and closing positions.

  • Recommended platforms for paper trading / Demo trading6:13

    Practice on two platforms—TradingView and trade with dot com—each offering free trials and powerful charting tools, including volume profile, depth of market, and the dome to support paper trading.

  • Basic technical knowledge20:01

    Master basic technical knowledge to read charts, interpret candles and volume, and identify support, resistance, and trend channels, while applying Fibonacci levels and market structure for day trading.

  • Sizing your trades6:43

    Size your trades by risk, using tick value to set position size within your risk limit and stop loss rules for stocks and futures.

  • Back testing and forward testing7:43
  • Why most people fail in day trading5:40

    Master day trading by embracing a long learning curve, disciplined risk management, and daily market engagement, avoiding free strategies, emotional bias, and false broker promises.

  • Day trading psychology17:08

    Explore day trading psychology, mastering risk management, loss acceptance, and emotional discipline to develop a personal trading system that reduces randomness and improves profitability.

  • Risk management29:23

    Explore risk management in day trading with real-money studies, covering capital, leverage, price vs information risk, position sizing, scaling losses, and disciplined profit targets.

Requirements

  • No prior experience needed

Description

This course is for complete beginners who wish to learn about the day trading craft but don't know where or how to start, starting from the nature of day trading, where and how to start all the way testing your approach, Day trading like any other field that requires learning curve a good understanding of it's components, The curriculum covers the topics below:

What is  day trading.

The difference between Day trading and swing trading.

Expectations and reality of day trading.

What products you can day trade.

How to gain access to tradable markets to buy or sell assets.

How much capital needed to start day trading.

How prices move and order types needed to execute your trades in live markets.

Executing trades at your trading platform.

Why most people fail in day  trading.

Basic elements of technical analysis such as candles, trend lines, support/ resistance, correlated market and news  .

Why Paper trading is important, and how back and forward testing is necessary for beginners .

(Take your learning curve seriously, take as long as you need testing, learning and let your testing results be the green light to start trading live)

Sizing your trades realistically   .



Material will be updated upon students requests.

Who this course is for:

  • Beginner day traders