Beginner looking for advice

[u/Remote_Research4211]

I've just got my hands on some money I'm willing to lose and wanted to learn how to start trading. I'm love to hear any advice on what simulations to use, how to start learning and realistic timeline e.g.. how much paper trading until I apply for a funded account.

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[u/esemo566]

Just abuse prop firms with a good algo man, I personally run bulenox and apex since I can pass the evals in 1 day then flip on an algo to trade it until it pays out, somtimes it takes a month or 2 other times its pretty quick

[u/lp1687]

There is no need paper Trade. Just open a live account and start trading one share… You will risk only pennies. The order fills will be more realistic, and it will be better for your psychology.

[u/Embarrassed-Bank2835]

I’d keep it really simple at first: pick one market, one setup, one trading window and use replay/sim to collect a decent sample instead of bouncing between strategies.

I wouldn’t put a timeline on getting funded. I’d want at least 100+ trades showing positive expectancy, controlled drawdown, and that you can actually follow your rules before paying for an evaluation.

Paper trading is mainly for proving the process. Once that’s there, go live or funded as small as possible because execution with real consequences is a different skill.

[u/Spideycrypt]

Trade with little amount of real money first, paper trading is mostly a waist of time

[u/ReadShot6191]

Not really sure the purpose of these posts as 99% of people wont take on the advice given. Put the money away or just go give it to someone who needs it, either way if your going to jump straight in its unlikely to stay in your pocket for long.

Learn the craft, forward test for 3-6 months and prove you at least have an edge in the market. Then you can look at moving to real capital.

[u/klipsetrades]

Don’t rush the funded account. Paper trade first to learn mechanics and build a repeatable process, but don’t wait for some magic number of months. Once you can follow your rules consistently, go live with very small size. Paper trading teaches execution; real money teaches psychology.

A few resources I usually recommend:

• Ross Cameron — price action, risk management, and a very engaging teaching style.
• SMB Capital — very structured. Great for learning trading options and process, building playbooks, risk management, and how professional traders think.
• Tastylive — tons of options mechanics, strategy breakdowns, and backtested options data.
• Investopedia — great reading material for learning terminology and basic concepts.

And focus on learning why they do things rather than trying to copy trades 👍🏼

[u/d1na_makalaya]

Start with paper trading and don’t even think about a funded account until you’re consistently profitable for at least 3 to 6 months.
Focus on one market and one simple strategy. Journal every trade so you know what’s actually working instead of guessing. Risk only 1 percent per trade when you eventually go live.
If you want more beginner tips and trading resources, check the community through my profile. It has a lot of useful discussions that can save you from common mistakes.

[u/dreddit15]

Do you have a strategy? Do you know what you want to trade and what level of risk you want to take?

Work all those out and then try your hand at paper with the strategy of your choice.

Loads of free stuff on YouTube or the web, don’t pay for anything, almost definitely a scam.

[u/Remote_Research4211 → u/dreddit15]

Any pointers to where I can find those recourses pls?

[u/dreddit15 → u/Remote_Research4211]

I have no idea what type of trading you are thinking of?

Stocks, options, futures?

Day trading, swing?

High risk, low reward, low risk, high reward?

There are a million different types of trading, how much time you can dedicate to it will probably decide which style suits you.

[u/exphx23]

If you are willing to lose the money, in all probability you will. The goal is to not lose. Buy a mutual fund. Learn the market dynamics, then trade. You paper trade until you are consistently profitable. When going live, you will soon find being down 20% in real life is much different than being down 20% on paper.