I’ve been studying Forex since March. and i need some studying tips. Also I kept getting tired everyday almost and everytime i start studying forex, I’ve feel like I’m burnt out in my mind when i start studying. What should i do?
Try to focus on something that you need now. The information flow is too huge to deal with it, so you need to make a choice. Define what is the most important for you depending on your trading style and pay attention to information related to it. You can also fill the gaps in your knowledge, studing important topics one by one.
So, the main idea is focus on important points. There is too much information elsewhere, so it is necessary to choose something that would be useful for your particular trading style.
Then you need to start with BabyPips School for sure; it’s simple but much effective!
Do as @J_C_Anderson says - only find out what you need to find out. Remember the point is to trade for profit, not to become an international expert.
Doing research and self-education can soak up your time like a sponge soaks up water. A handy time management device is to limit the study period on a given subject to 20 minutes. Imagine you have to give a Powerpont presentation to some other traders but you will have only 10 minutes at the podium. This will help decide what you have to find out so you can make sense to them. 20 minutes of research will tell you where you need more information, and where you don’t.
In addition, having a long term plan! Because, there is nothing like shortcut way of learning!
Try study how market works,
how big player play,
I feel the same sometimes, it’s crazy because I really am excited about FX but when I start studying I can feel so sleepy lol
There is so much information available it can quickly become overwhelming so to combat this I am sticking to the BabyPips School and forums.
I focus on one lesson at a time and usually first thing before starting my day then if I have time later in the day I will try to sneak an extra lesson in.
It’s also good to know yourself…
… for example, I’m not going to start other lessons until I finish the BabyPips School since I know I won’t complete any if I do that.
Then I look through the forums for any useful info or if I have a question that I don’t see posted right away I’ll post it myself.
I’m always pleased to see my progress in the BabyPips School and it’s nice to talk to others in the forums since no one in my life even knows about FX.
Try to study along side some practice. Try to get a demo and practice as you learn new concept. I’m a newbie too and this is how I study:
In the morning while commuting to work, I jump on Babypips forum.
Then when I’m less busy at work I take 3 subtopics on one topic on Babypips education.
Later again when I have free time I have some time with my mentor.
Finally I watch YouTube. I have chosen just one YouTuber to follow.
Tell you what you do not have to study everything about fx get clear understand how fx market works what is risk etc and start developing your strategy with time you will come to know rest thing.