For Newbie's - Quick guide to trading

You want to learn? Don't mind spending time?

Given you already know standard indicators are sh*t for much (if you don't now you know). No one gives you the keys to their bank safe deposit box.

Prep. Read this here . Forget the HolyGrail ultimate stuff at the end. The rest is solid.

Step 1. Go to Sonic R thread, study post 1 to the 'end' (keeping in mind indicators are don't mean much)...trade it on a small live a/c (3 months)

Sonic R is to give you an idea of how market movers work and at the same time slowly take you off indicators.

Step 2. Find Captain Jack, read his posts on this forum...and especially his thread on the other forum (google is your friend)...trade it on another small live a/c (3 months)

This is strictly for the how to trade naked charts.

Final Step: Find MzVega, read her thread and all the books/references (6 months)

Here you will find out about a better way to see price, why price does what it does, and really understand what it is you are/should be doing.

Money management. There's clues on how to find an edge and define it in the book shown below. Click here for a quick run, or see attached excel file (my template 800:1 leverage starting) modify as suitable to you.

Psycology. Read "Trading in the Zone - Mark Douglas" Read on cognitive bias, find yours in relation to trading, eliminate it or use it to your advantage.


Quick suggestion: The only real timeframes are the market sessions...

Do your chart screen time.

This is a one year painstaking drill.

If you follow the above judiciously with perfect discipline without skipping a line... and you still fail, then I humbly suggest you begin to look for another profession.

Good luck to you.


P.S: If you think this is all bullsh** you are absolutely right, if you think its the perfect roadmap you are absolutely right.

For any further questions google is your friend.

Thank you very much for your guideline! This is very useful thread for the novice traders! I see, FF community is very active community and new traders get proper instructions here without any fee! That’s really awesome!

Forex Factory is really awesome for the traders who are particularly newcomers. I admit it. But besides these newcomers should ensure pips school and psychology if they want to acquire advance level of knowledge which is very supportive to keep survive in this market place in a proper way.

There are many sectors in online for learning Forex and from all Forum community is the foremost. newcomers can take those for learning Fx rapidly because most of the senior traders always express their live trading experience in here. So, be active and focused.

That’s a good idea! But the problem is, useful threads are not in a place! So, it takes such a long time to read good threads in all of popular forums! By the way, no doubt about the importance of Forex Forums!

Yes , when I joined in forum communities had a great expected to find more help by the senior traders who are particularly professional in Forex. but honestly speaking never found this kind of guy at all.

There is nobody who can learn you Forex . you have to learn by owns accord . in Forum you can learn more advanced knowledge by thread where by and large express their live trading experience.

Thanks a lot Sinqua for a great post,

i am an avid learner and i will follow your steps as a blind man.

This community is amazing, i am a newbie but i am finding so much material here more than in books.

Thanks again.

P.

This great guide for me.
At first, I am kind of losting how to start here.

TIA.