Last Updated on December 19, 2023 by Elidge Staff
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How I turned N$2000 into N$25,000 in 2 Months by Learning to Trade in 7 Days
Are you tired of your current financial situation? Do you want to learn how to trade stocks and make money? Look no further because I am here to share my secret on how I learned to trade in just seven days and turned N$2000 into N$25,000 in two months.
In this blog post, I will break down my method to learn how to trade and provide you with the necessary requirements to follow in my footsteps.
Requirements for learning how to trade in Namibia:
Access to the internet and a device to watch videos
Willingness to learn and research
Starting capital to trade (minimum of N$2000)
How to learn how to trade in 7 days:
Step 1: Watch Trading Videos
I started by watching various trading videos to get a basic understanding of how trading works. I suggest finding videos that explain the concepts in an easy-to-understand way.
Step 2: Watch Experienced Traders
I suggest watching experienced traders and their analysis of stocks. By doing this, you can get a sense of what they look for and how they make decisions. This will help you develop your own trading strategy.
Step 3: Research the News
Stay up to date with the news and understand how it affects the market. Look for upcoming events and news that can impact stocks. This will help you make informed decisions.
Step 4: Charting Videos
I recommend watching charting videos to understand how to read stock charts. This will help you identify trends and patterns that can be useful when making trades.
My final advice:
Start with a small amount of money and only invest what you are willing to lose. Trading can be risky, so it is important to have a strategy and to only trade what you understand.
With the right mindset, willingness to learn, and access to the internet, anyone can learn to trade stocks and potentially make money. Follow my steps to get started and remember to start small and stay informed. Who knows, you could be the next success story.
Want to start making money online in Namibia with a blog today?
Frequently Asked Questions
How did I learn to trade in just seven days?
I learned to trade by watching videos of other traders, analyzing their strategies, and taking notes. I also learned about the fundamentals of the stock market, such as buy the rumor, sell the news, and how news can affect stock prices.
What did I do to turn N$2000 into N$25,000 in two months?
I invested in Forex, Crypto and a tech company which had not yet experienced a surge in stock prices like other similar companies.
What type of company do I run?
I run a financial education company where I post videos on YouTube to help people learn how to trade in the stock market.
How did I first become interested in trading?
My friend was making N$43,000 a month in the stock market, and I was curious about how he was doing it. I then decided to learn how to trade and make money myself.
How did I initially learn how to enter and exit a trade?
I watched a video where someone broke down how to enter and exit a trade, and I learned how to do it from there.
How do I continue to learn about trading?
My learning process continues every day with every win and every loss I take. I go back and back-test my trades, re-learn, and join groups to learn more. I also watch a lot of videos and buy courses.
Do I think trading is complicated?
I do not think trading should be that complicated, and people should not overcomplicate it.
How much money did I make in my first trade?
I turned N$260 into N$1530 in my first trade.
What is the secret hack that I used to learn how to trade in seven days?
My secret hack was watching other people trade and taking notes on their strategies. I also learned about the fundamentals of the stock market, such as buy the rumor, sell the news, and how news can affect stock prices.
If you have more questions, look through our blog for answers!
