Sorry if this is just a basic question - but I am struggling at the moment.
How much time (in hours or specify otherwise) should a beginner put in studying charts?
I find at best I am very inconsistent - I can put in 4-6 on a sunday studying both charts(looking for pins and other possible area's of interest) but from what I understand, it's not best to trade the first few hours of the week?
But then I sometimes can look on Monday evening or Tuesday - - sometimes on Thursday - but very rarely Wednesdays - - but all times are central - so when I am able to study - it seems the 'volitale' sessions are all but closed.
Guess since I am still pretty new to this - I am also looking for a 'study plan' - -
Is this even close to a realistic plan: (ie will I even find a trade)
CST
Sunday 3 p.m. to 10 p.m.
Monday /Tues/ Thurs 6 p.m to 9 p.m.
Do I need to 'anticipate' - what i mean by that is if I see a setup - but can't wait for the trigger (or won't be available) - go ahead and set buy-stop or sell-stop with TP and SL set. "set and forget" until I can get back to it?
A secondary question - I enjoy writing mq4 code - anyone think it's possible to write an ea that is profitable? - --- OR as a beginner this is a waste of time - study old charts instead.
How much time (in hours or specify otherwise) should a beginner put in studying charts?
I find at best I am very inconsistent - I can put in 4-6 on a sunday studying both charts(looking for pins and other possible area's of interest) but from what I understand, it's not best to trade the first few hours of the week?
But then I sometimes can look on Monday evening or Tuesday - - sometimes on Thursday - but very rarely Wednesdays - - but all times are central - so when I am able to study - it seems the 'volitale' sessions are all but closed.
Guess since I am still pretty new to this - I am also looking for a 'study plan' - -
Is this even close to a realistic plan: (ie will I even find a trade)
CST
Sunday 3 p.m. to 10 p.m.
Monday /Tues/ Thurs 6 p.m to 9 p.m.
Do I need to 'anticipate' - what i mean by that is if I see a setup - but can't wait for the trigger (or won't be available) - go ahead and set buy-stop or sell-stop with TP and SL set. "set and forget" until I can get back to it?
A secondary question - I enjoy writing mq4 code - anyone think it's possible to write an ea that is profitable? - --- OR as a beginner this is a waste of time - study old charts instead.