You might not have capital yet, which is fine.

The capital or the money will come into the picture when you start to go and work and you start to earn money.

So I don’t know about your financial background but generally my advice to most young people like yourself for example, who is starting to get interested in the financial market and in trading at your age, my suggestion usually is you can start learning now, you can start to get into the process of doing all the analysis, execution and review from a paper trading perspective first, when you don’t have the capital yet.

But once you are able to start earning money, try your best to earn as much as you can and save as much as you can. Then that is when you will start to have the capital to start to put what you have practice into real life use and that is how you start to grow your capital base.

I think one thing I want to share with you is also that trading is not a game, is not a skill or profession for someone without money.

For someone without money, this is not something I would advise anyone to do.

Trading is only for people who have a certain amount of savings set aside that they are willing to risk for higher returns.

Only then, trading is something that you should consider and if you are potentially looking at trading from a professional, full-time career perspective, I think it is fantastic that you start learning all this right now and ultimately when you talk about trading as a professional career right, usually it will require people to fund you, to seed you, to invest in you in order to manage money.

But in order for people to be willing to put money with you, you have to be able to show some kind of work that you have already done before.

Interested to receive mentorship opportunities like this with Philip?

Find out more at traderwave.com/innercircle

Philip Teo

Founder & CEO at Traderwave Pte Ltd
Philip Teo is an entrepreneur, speaker and trading coach who specialises in the field of Technical Analysis of the financial markets. He is currently the Founder and CEO of Traderwave Pte Ltd, a financial technology company that offers a web charting application to global traders. He has conducted many trading seminars and appeared on national television before. He is also currently an official speaker and trainer with SGX Academy. Learn more about him at his Google+ Profile, LinkedIn Profile and Facebook Profile

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