Day Trading for Beginners
Welcome to "Day Trading for Beginners," hosted by Tyler Stokes of StokesTrades.com. This podcast is a real-time chronicle of my journey into the world of day trading, starting from the very basics. As I navigate this new venture, I invite you to learn alongside me, sharing both the triumphs and challenges that come with becoming a proficient day trader.
In "Day Trading for Beginners," you'll get an authentic, behind-the-scenes look at what it really takes to succeed as a day trader. Each episode is designed to demystify the process of day trading, breaking down complex concepts into manageable, beginner-friendly lessons. From the initial decision to trade, to setting up the right tools and strategies, this podcast covers it all.
What sets this podcast apart is its focus on learning through experience. As a seasoned affiliate marketer and entrepreneur, I approach day trading with a beginner's mindset, offering unique insights and honest reflections on each step of the journey. Whether it's dissecting YouTube tutorials, exploring online resources, or delving into technical analysis, I bring you along for every part of the process.
Listeners can expect:
- Practical insights into starting and succeeding in day trading.
- Honest reviews of resources, tools, and strategies.
- A step-by-step guide to building a solid foundation in trading.
- An engaging narrative of my personal day trading journey, including the ups, downs, and everything in-between.
"Day Trading for Beginners" is more than just a podcast - it's a community for aspiring traders to learn, grow, and succeed together. Join me, Tyler Stokes, as I take on the challenge of mastering day trading, and let's embark on this educational adventure together. Subscribe now and be part of this exciting journey!
Day Trading for Beginners
What Are Futures in Trading? Beginner Friendly Guide for Day Traders
Welcome to episode 9 of the "Day Trading For Beginners Podcast." I'm Tyler Stokes from StokesTrades.com, and in this episode we are talking about futures in trading. It is very much a beginner friendly discussion with lots of examples.
Download the 6 Month Blueprint I'm following as a beginner day trader:
https://stokestrades.com/blueprint
In this episode, we explore:
- What are Futures? An introduction to futures trading, focusing on a beginner-friendly explanation of what futures contracts are and their role in the market.
- Real-Life Examples of Futures Contracts: Using oil as the primary example, we discuss how futures contracts operate in practical scenarios.
- Hedging and Speculation: Understanding the dual purposes of futures - hedging for producers and speculation for traders like us.
- Differences Between Futures and Forward Contracts: A detailed comparison to highlight the unique aspects of each contract type.
- Speculating in Futures Trading: A guide to how traders can make profits from short-term price movements in the futures market without dealing with physical commodities.
- The Impact of Various Factors on Commodity Prices: Exploring how supply and demand, economic indicators, geopolitical events, weather conditions, currency fluctuations, market sentiment, government policies, and technological changes can influence commodity prices.
- Future Plans: Previews of upcoming episodes, including a focus on options trading and video content for a more hands-on learning experience.
Closing Thoughts:
I wrap up this episode by summarizing the key aspects of futures trading and their importance in day trading. It's essential to understand these basics as we continue to explore different trading strategies and tools.
Watch the Video Episode:
Watch the video and read the full article on StokesTrades.com here.
Subscribe:
Stay tuned and subscribe to the podcast for more educational episodes. Check out the links below for additional resources and updates on my progress, and be sure to follow me on my other social media channels for more insights into day trading.
Website and Other Social Accounts:
https://stokestrades.com/
https://www.youtube.com/@StokesTrades
Join Our Free Community on SKOOL:
https://www.skool.com/day-trading-for-beginners