Learn the basics like on the babypips website about charting. Second dont listen to so called trading gurus in any books any videos. Its what set me back the most. Others mentioned similar here. But its actually true.
Since trading is such a personal experience which needs to fit your psyche. Only the basics you need to understand which mentioned here in posts before too. Then its up to you to find the market that fits your style. Analyze it to pieces. Know it inside and out. Newcomers as myself thought it would be a breeze its not. You need to know the market you like 110% . To keep on trading to get that charting time.
Its very similar how you train AI deep training. Our minds work the same it appears. We need alot of time so it gets deep into our minds the charting and how it works.
Some say we need at least 1000 hours in any field of practical experience to be called a pro. Same goes for the training. Reading 1000 hours books vs actual experience when it comes to trading is night and day.
Find the edge, know the market, know the basics, have discipline, never give up and dont believe in trading gurus when they say. You must invest in order to become good at trading. Getting the strategy setup using demo is the most important. Since in live trading the strategy you use should be so deep into your spine. You shouldnt even flinch from emotions you get.
So if u just jump into live trading without years of practising on paper demo yea good luck. Some say better to start with penny trading than demo but tbh demo is the same emotionally if not you can tell yourself so.
Edit: To above poster that says we need 20 years or 10 years experience. Maybe was like that in the 80s. But now it can go alot faster since more effective methods to train and so many training platforms we can get for free and backtesting. It can easily be chopped in 1/4 of that. This is what I meant by my post. Dont listen to anyone as if they are 100% correct since each got their own experience their personal view, and their own age base their opinions on that and demographic. But generally it does seem a few years is needed for sure if one practise alot that is and very intense to even start live trading. If one just do it as some little hobby that could actually take 5-10 years .
Since trading is such a personal experience which needs to fit your psyche. Only the basics you need to understand which mentioned here in posts before too. Then its up to you to find the market that fits your style. Analyze it to pieces. Know it inside and out. Newcomers as myself thought it would be a breeze its not. You need to know the market you like 110% . To keep on trading to get that charting time.
Its very similar how you train AI deep training. Our minds work the same it appears. We need alot of time so it gets deep into our minds the charting and how it works.
Some say we need at least 1000 hours in any field of practical experience to be called a pro. Same goes for the training. Reading 1000 hours books vs actual experience when it comes to trading is night and day.
Find the edge, know the market, know the basics, have discipline, never give up and dont believe in trading gurus when they say. You must invest in order to become good at trading. Getting the strategy setup using demo is the most important. Since in live trading the strategy you use should be so deep into your spine. You shouldnt even flinch from emotions you get.
So if u just jump into live trading without years of practising on paper demo yea good luck. Some say better to start with penny trading than demo but tbh demo is the same emotionally if not you can tell yourself so.
Edit: To above poster that says we need 20 years or 10 years experience. Maybe was like that in the 80s. But now it can go alot faster since more effective methods to train and so many training platforms we can get for free and backtesting. It can easily be chopped in 1/4 of that. This is what I meant by my post. Dont listen to anyone as if they are 100% correct since each got their own experience their personal view, and their own age base their opinions on that and demographic. But generally it does seem a few years is needed for sure if one practise alot that is and very intense to even start live trading. If one just do it as some little hobby that could actually take 5-10 years .
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