Any recommendations on good resources for new traders?

It can be anything from good YouTube channels, books, live streamers etc.

Thanks for the help :pray:t3::pray:t3::pray:t3::pray:t3:

Hey there, good question

I will recommend some good resources for you, but first Iโ€™ll share some of the key things that helped me on my journey and the areas I think you should focus on.

The most important is to realise that trading is 90% psychological. I know a lot of people say this and I ignored it when I first started but just trust me, itโ€™s incredibly important.

You need a systematic strategy next, trading is about probabilities and the outcome of your next trade isnโ€™t important. The outcome of the next 20 though, IS important!

If you have a weighted coin in a coin toss that meant that 55% of the time it landed on heads, would you worry about the outcome of each toss? No because you know that over 40,50,60 etc tosses, your edge will play out in your favour - trading is the same!

Trading itself can be easy, donโ€™t fall for the hype of perfect strategies and indicators, just find one that you find simple and execute on it consistently.

One last thing Iโ€™d recommend is keeping a trading journal and making the effort to do a short review of your progress each week or month. This will make sure you donโ€™t fall into the cycle of making the same mistakes day in, day out - which can happen!

Anyway hope that helped.

Youtube
Falcon FX - Iโ€™m not a fan of the strategy BUT the psychology videos and practices are top notch.
Wicksdontlie - Does good daily livestreams but can become a crutch if youโ€™re new, best to learn and practice your own skillset

Books
Trading in the zone - mark douglas (amazing for psychology)

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Thank you so much for the insight dude I had heard that before but never really took it serious either.

Iโ€™m gona start with the videos and keep track of everything in excel cause Iโ€™m been doing it very day to day not focusing on my past trades.