Ansem financial advice for kids
Ansem drops a step-by-step guide for kids starting with $3,000. The first move is getting a job that interests you and aligns with whatever your interests are. Once you have some steady income from something like his first gig at a pizza shop, figure out how to learn markets and how to learn how to trade. The two things you need to learn are fundamental analysis and technical analysis. Fundamental analysis is like what does the company actually do, who are their competitors in the market, and what is their future outlook? Apple sells iPhones and Macs, so you look at what they actually do. Technical analysis is reading price action of whatever asset it is that you're trading. It can be crypto, it can be a stock, it can be Gold or Silver but technical analysis essentially helps you determine when you should buy and sell. I would say to read The Technical Analysis of Financial Markets by John J Murphy. It's a really good book to have a good understanding of TA in general. Then from there you need to make a TradingView account, make a Finviz account and just start trading. Track your entries in a journal. Everything that you're learning and every trade that you take.
Transcript (en)
First thing I would say you have 3k. I would say the first thing you need to do is get a job that interests you and aligns with whatever your interests are. So figure out what is your interest in how to pursue that career is the first thing I would say. After that, once you have like some steady income from something, my first job was working at a pizza shop. But once you have steady income from that, figure out how to learn markets and how to learn how to trade and the two things you need to learn when you're learning how to trade. trade is fundamental analysis and technical analysis. So fundamental analysis is like, what does the company actually do? Who are their competitors in the market? What is their future? Like outlook on things, all these different things about like the company. So Apple's like, they sell iPhones, they sell Macs, they do all this other. Then technical analysis is like reading price action of whatever asset it is that you're trading. It can be crypto, It can be a stock, it can be a commodity like gold or silver. But technical analysis essentially helps you determine when you should buy and when you should sell whatever associated asset you're doing research on. And I would say to read the Technical Analysis of Financial Markets by John J. Murphy. It's a really good book to have a good understanding of TA in general. And then from there, you need to make a TradingView account, make a Finviz account, and just start trading. learning how to trade, learning how to track your entries in journal, everything that you're learning and every trade that you take.
