2024-09-23 04:11

IndustryLooking For Advice
Hello, I am very new to forex (3 months in, consistent 2-4 hours a day of studying) and have barely looked into any technical analysis. I've spent the majority of the time looking at the psychological aspects of trading & have learned about proper risk management, what forex is and how it works, and how margin trading/leverage works albeit in a lot lesser quantity. I recognize the importance of developing your own strategy & trading rules as well as the length and effort needed to do so. I understand that it is important to create a strategy that works for you as an individual and that it makes sense to you. I feel as though I am ready to start to make my own strategy and trading plan (of course continuing to further study the topics I previously mentioned as well as others), however I have no idea where to start. I touched SMC briefly in the beginning, but I have heard varying things about it and unsure of whether it is a viable option or not. Any tips/advice/information on where to start or anything regarding the development of your own strategy and trading plan will be greatly appreciated. This may seem like a dumb or broad question, but the internet is clouded with unreliable information from someone trying to sell your course and I want to stray away from stuff like that. I'm not looking for a shortcut or anything of that sort, I just truly don't know where to start (like should I do purely chart analysis or research a strategy/methodology then build/develop it?). I'm 17 and am doing my senior year virtually so I have a lot of time on my hands to dedicate towards this.
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周少强
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Looking For Advice
| 2024-09-23 04:11
Hello, I am very new to forex (3 months in, consistent 2-4 hours a day of studying) and have barely looked into any technical analysis. I've spent the majority of the time looking at the psychological aspects of trading & have learned about proper risk management, what forex is and how it works, and how margin trading/leverage works albeit in a lot lesser quantity. I recognize the importance of developing your own strategy & trading rules as well as the length and effort needed to do so. I understand that it is important to create a strategy that works for you as an individual and that it makes sense to you. I feel as though I am ready to start to make my own strategy and trading plan (of course continuing to further study the topics I previously mentioned as well as others), however I have no idea where to start. I touched SMC briefly in the beginning, but I have heard varying things about it and unsure of whether it is a viable option or not. Any tips/advice/information on where to start or anything regarding the development of your own strategy and trading plan will be greatly appreciated. This may seem like a dumb or broad question, but the internet is clouded with unreliable information from someone trying to sell your course and I want to stray away from stuff like that. I'm not looking for a shortcut or anything of that sort, I just truly don't know where to start (like should I do purely chart analysis or research a strategy/methodology then build/develop it?). I'm 17 and am doing my senior year virtually so I have a lot of time on my hands to dedicate towards this.
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