Day Trader's: First Things First

Build Daily Learning Habits like a Pro Day Trader

To start, I’ll give you a set of resources that I strongly recommend you get familiar with and use daily. Dedicate at least one hour each day to studying online content and learning (English, charts, concepts, indicators, etc.). From my own—admittedly short—experience, I can tell you that only proper preparation before working with stocks and the market will help you reduce the cost of entering this business.

Avoid Costly Beginner Mistakes

By “costs,” I mean avoiding a string of losses caused mainly by a lack of knowledge, random decisions, emotional trading, or—above all—acting under the banner of “I think it should work this way.”

Start With Free Trading Tools for day traders

Start by creating free accounts. Many of them are enough for beginners. Once you decide you want to take trading seriously (meaning day trading every day), then you can purchase licenses for the specific apps and online services you’ll need. But not yet.

Take Action and Stay Consistent

Let’s get to work!

Free Tools and First Steps for Beginner Day Traders

Action	Details
Use Only Free Accounts	Create free accounts on the following platforms: • FinViz.com • Scrab.com • TradingView.com
Set Up Accounts on News Services	• barrons.com • finance.yahoo.com • reuters.com • stockanalysis.com
Open a Brokerage Account With a Free Simulator	Choose a broker that doesn’t require a deposit and offers a demo/simulator: • Sterling • DAS
Follow Inspiring Accounts on X (Twitter)	• @barrons • @Benzinga • @CNBC • @foxrunner • @Stocktwits • @WSJMarkets
Subscribe to Video Channels	YouTube and other video platforms – the choice is yours.
Learn Candlestick Charts	Master at least the basic candlestick/bar patterns in technical analysis. Resources: YouTube, trading books.
Practice English	Study in the way you enjoy most.