Here’s How To Learn The Essentials Of Trading and Investing (Without Spending a Cent)

Normally, anything advertised as “free” is something you should steer away from.  And fast.  Because, as one learns consistently throughout adulthood, free is never free.  There’s always a catch, and usually a big one. 

But, there are ways to access expensive material for free for a limited time which allows you to start your investing voyage.  It’s the best way to get started before you invest anything major.  A form of window shopping without ever leaving your office chair.  

Through an abundance of free trials and demos, many of the world’s premier investing websites and softwares can be accessed for a limited time without hitting your wallet.  I know, this is the type of thing that sounds too good to be true.  And, in some ways, it is: eventually, you’ll have to provide a credit card or move on to a new service.  

But I wanted to spell out how you can use these free trials to navigate through the early stages of investing knowledge.  You’ll have two weeks to figure out what you like, what you want more of, and what you can leave behind.  

Here’s what you can get in those vital two weeks:

  1. Figure out what kind of trader you want to be 

Honestly, most people who’ve not traded before have no idea what it’s actually like.  People watch Wall Street and picture themselves as hotshots, ready to wheel and deal.  The reality of trading is a lot more tedious.  To be a good at-home trader, one has to give immense amounts of time to learning and progressing.  

Which begs the question: do you want to be an aggressive, involved investor?  Or do you want to be hands off?  

To solve this, I recommend you use Try2BFunded’s demo.  Try2BFunded is, in my opinion, the best prop trader online.  It lets me use up to $100,000 of their capital to trade with, then we split the profits, with 60% coming my way.  

This demo will let you see the rigors of maintaining a portfolio driven by risk.  If you’re into it, you know engaged investing is for you.  If not, maybe consider something like a roboadvisor, which will do the leg work for you.  

2) What kind of trader can you afford to be?  

How much money are you willing to put in to this?  If the answer is anything short of “a lot,” Try2Bfunded is a great fit as well.  You end up putting very little of your own money at risk with the potential reward of earning actively, month in, month out.  

If you are willing to put in money and take risks, you need to answer the next question. 

3) How do you want to learn? 

As I said before, investing is all about learning.  How much time do you want to put in?  Where do you want to get your information from?  What format attracts you?  What’s confusing, or exhausting?

The best way to learn about how you want to learn is by going through a site like Chaikin AnalyticsChaikin Analytics is, in essence, is a one stop information shop. 

Whether you want high-powered analytics or easy-to-access articles, you can get get it all here.

And with their two week demo, you can decide which types of learning benefit you most, then make an educated decision before you subscribe to a site like Chaikin Analytics.  

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Investments involve risk, past performance does not represent future results. Diversification may help spread risk but does not protect in a down market. You may lose all of your investment. Investors should evaluate their financial situation, investment objectives, and goals before investing.

Options involve risk and are not suitable for all investors. Detailed information on the risks associated with options can be obtained by downloading theCharacteristics and Risks of Standardized Options and Supplements (PDF) from The Options Clearing Corporation website.

Transaction costs may be significant in multi-leg option strategies including spreads and straddles, as they involve multiple commission charges.

This material has been prepared for informational purposes only and is NOT intended to provide nor should it be relied on for tax, legal, or accounting advice. Please consult your own tax, legal, and accounting advisors before engaging in any securities transactions as each individual investment(s) may result in diverse/adverse tax implications that will affect the outcome of any investment strategy.Substantial risks are involved with electronic trading.

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