What is the most logical way or sequence of lessons to learn forex trading? I know the school of pipsology is there but I’d like a general list.
Just follow the list as per the babypips course.
First and foremost, and the main reason newbies fail is being able to control emotions and risk-money management. Get those right and the rest is as it suits you.
And that’s not easy by any means. Humans fear pain - they will do anything to prevent it happening. They don’t like losing, they like being right all the time, they’ll overtrade, revenge trade and gamble. and blow their accounts.
So the secret of being successful is being able to manage yourself. Unless you have bulletproof control or a robot, only trading a live account will provide the necessary resolution.
That’s not a recommendation, BTW, because I learnt emotional control trading a demo account for 8 months with my mindset as if it was live. If you can simulate that, you’ll be able to cut losses quick.
best of luck.
Thanks, will do
Thanks, thinking about live trading soon but I’m going to try stay disciplined with a demo account first.
Would you suggest I practice trading from the very basics and add on more as I go to get everything like second nature?
My plan for that is to trade market structure alone for maybe 2-3 weeks
then add support and resistance then trendlines and add them on top of each other gradually.
I repeat. First and foremost, and the main reason newbies fail is being able to control emotions and risk-money management. Get those right and the rest is as it suits you.
Your plan of action is fine. best of luck.
Alright I’ll make sure that’s drilled in my memory. Thanks again