What do you think?
Rate this book
How to Start a Trading Business with $500
How to start a Trading Business with $500
Many new traders have little capital available in the beginning, but this is not an obstacle to starting a trading career anyway.
However, this book is not about how to grow a $500 account into a $500,000 account. It is precisely these exaggerated return expectations that bring most beginners to failure.
Instead, the author shows, in a realistic way, how you can become a full-time trader in spite of limited start-up capital. This applies both for traders who want to remain private, as well as for those who want to eventually trade customer funds.
This book shows step by step how to do it. In addition, there is a concrete action plan for each step. Anyone can be a trader in principle, if he or she is willing to learn how this business works.
Contents
1. How to Become a Trader with only $500 at Your Stake?
2. How to Acquire Good Trading Habits?
3. How to Become a Disciplined Trader
4. The Fairy Tale of Compound Interest
5. How to Tade a $500 Account?
6. Social Trading
7. Talk to Your Broker
8. How to Become a Professional Trader?
9. Trading for a Hedge Fund
10. Lear to Network
11. Become a Professional Trader in Seven Steps.
12. $500 is a Lot of Money.
Many new traders have little capital available in the beginning, but this is not an obstacle to starting a trading career anyway.
However, this book is not about how to grow a $500 account into a $500,000 account. It is precisely these exaggerated return expectations that bring most beginners to failure.
Instead, the author shows, in a realistic way, how you can become a full-time trader in spite of limited start-up capital. This applies both for traders who want to remain private, as well as for those who want to eventually trade customer funds.
This book shows step by step how to do it. In addition, there is a concrete action plan for each step. Anyone can be a trader in principle, if he or she is willing to learn how this business works.
Contents
1. How to Become a Trader with only $500 at Your Stake?
2. How to Acquire Good Trading Habits?
3. How to Become a Disciplined Trader
4. The Fairy Tale of Compound Interest
5. How to Tade a $500 Account?
6. Social Trading
7. Talk to Your Broker
8. How to Become a Professional Trader?
9. Trading for a Hedge Fund
10. Lear to Network
11. Become a Professional Trader in Seven Steps.
12. $500 is a Lot of Money.
56 pages, Kindle Edition
First published September 19, 2015
101 people are currently reading
146 people want to read
Ratings & Reviews
Friends & Following
Create a free account to discover what your friends think of this book!
Community Reviews
Displaying 1 - 10 of 10 reviews
May 19, 2020
This is a very odd book
There are one or two chapters actually devoted to the topic at hand, and these are thoughtfully written and good to keep in mind. They are very brief, however, and could have been placed on a website. The rest of the book goes in an inexplicable direction - explaining how to start managing client funds, and grow a business that way. This includes asking the broker for clients to manage. What broker would do this? Perhaps the author doesn’t realize that you need a license to do this. Perhaps the author doesn’t realize that nobody is going to give somebody with a $500 account money to manage.
If you can get this book for free, read it. But I can’t imagine spending money on this thing.
There are one or two chapters actually devoted to the topic at hand, and these are thoughtfully written and good to keep in mind. They are very brief, however, and could have been placed on a website. The rest of the book goes in an inexplicable direction - explaining how to start managing client funds, and grow a business that way. This includes asking the broker for clients to manage. What broker would do this? Perhaps the author doesn’t realize that you need a license to do this. Perhaps the author doesn’t realize that nobody is going to give somebody with a $500 account money to manage.
If you can get this book for free, read it. But I can’t imagine spending money on this thing.
November 5, 2024
Straight forward and painfully honest
Simple book but that is what you need at the begining.
That 590 bucks are worth more than you think.
You think oh I can loose it no big problem
However imagine more ambitious scenarios and see what will happen when you not loose it but finally multiply them to let say 10000 bucks?
Simple book but that is what you need at the begining.
That 590 bucks are worth more than you think.
You think oh I can loose it no big problem
However imagine more ambitious scenarios and see what will happen when you not loose it but finally multiply them to let say 10000 bucks?
February 11, 2018
A Good start to trading
The book teaches you how to be a discipline trader starting with a little capital. However, I thought it will teach me some trading techniques or strategies using Heiken Ashi candles which it did not.
The book teaches you how to be a discipline trader starting with a little capital. However, I thought it will teach me some trading techniques or strategies using Heiken Ashi candles which it did not.
February 14, 2018
Great tips on how to be successful.
The main message I received from this book is that you need to learn to trade before concerning yourself with making loads of money. Being consistent in the basic practices is a good start.
The main message I received from this book is that you need to learn to trade before concerning yourself with making loads of money. Being consistent in the basic practices is a good start.
June 9, 2018
Very informative
I really liked all the information provided in this book. It is a down to earth explanation about how to trade in the stock market.
Thank you for writing this book.
I really liked all the information provided in this book. It is a down to earth explanation about how to trade in the stock market.
Thank you for writing this book.
May 2, 2024
Good advice
The author describes a series of habits to help you develop the traits of a successful trader, you don’t need a lot of money, what you need is to follow to the letter the rules that you define.
The author describes a series of habits to help you develop the traits of a successful trader, you don’t need a lot of money, what you need is to follow to the letter the rules that you define.
July 20, 2024
Great short book that brings you back to reality and gives you a method on how to gain experience necessary for future real money trading. The author is an expert in his field and knows what he talking about. A must if you are a complete beginner.
September 18, 2016
The author points out the importance of building good trading habits. Heikin Ashi Trader, so his pen name, covers the pros and cons of trading with a small account. The book includes tips on using social trading platforms. Also, there is a general outline on what it takes to become a professional trader. The book requires some editing. I encountered a duplicated paragraph. Also, one or more words are missing in some sentences, and now they don't make any sense. Besides this, an interesting primer for new traders.
June 9, 2016
El último libro no vale la pena
En el último capítulo de esta serie de libros la verdad repite mucho de los anteriores..sobre todo el tercero no gasten su dinero.saludos
En el último capítulo de esta serie de libros la verdad repite mucho de los anteriores..sobre todo el tercero no gasten su dinero.saludos
February 10, 2018
Good starter
Good set of expectations to have as a beginning trader. It is encouraging for those of us just starting out, and gives a set of goals to pursue.
Good set of expectations to have as a beginning trader. It is encouraging for those of us just starting out, and gives a set of goals to pursue.
Displaying 1 - 10 of 10 reviews