How long should a newbie spend on the charts

hello everyone,

Hope you are all doing well and smashing the TPs.

As the title suggests, whats a good amount of time a newbie should spend on the charts, I’ve been mostly trading on the 15m timeframe.

Making on average 5 trades a session. Stay on the charts for about 3 hours at a time.

Should i be making more trades or spending more time on the charts?

Cheers

Less is more

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However long it takes for you to be profitable on whichever TF of the chart makes sense to you.

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Hello Mike, I think forex is all about learning charts and taking trades .So one must need to learn and focus on candlesticks pattern and price pattern to get good success in trading .

Thanks
alex

Hello Michael,

I am not sure what you mean so I will give you a general answer.

Less is more,

Separate time from money,

Do more of what works and less of what doesn’t,

Trade when the odds are in your favor.

It takes 10,000 hours to “master” a subject.

Good luck.

As long as it takes to skim over them. if you see something forming and it could be interesting, set a limit or stop order or an alert on Trading View or whatever you are using and come back when it triggers. No point in staring at it waiting as you will just question your judgement and it’s a waste of life.

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Forex can not possible if we have no or less knowledge in it, We should learn it and its charts untill we feel that now we have enough knowledge and skills.

Depends on what kind of trader you are. :smiley: I think the amount of time you spend on your charts should be determined by your trading style and personal schedule. :smiley:

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Do you mean 3 hours per day? That sounds like a lot. But it sounds like you’re also a day trader so that may be something that’s right for you. :slight_smile:

It depends on you, if you are confident enough about your skills and knowledge then devoting 3 hours daily is enough.

I think time is not limited when it comes to learning. I will say that you will need to spend as much as you can before you want to develop the plan in trading.

it depends on your trading knowledge and experience , its a complete answer.

understanding charts and signals is very important from a traders point of view, as we know market is very fluctuating so charts and diagrams helps us to understand more effectively. One who is more and more keen in learning charts may spend more time depending on the interest of an individual.

I completely agree with this answer. It all depends on your style and how busy you are in your life.

For a day-traderr: as much as you can- if you sit 6 hrs. Infront of the charts and you can manage it physically just observing what’s going on at certain times and when certain things happen you realize what could happen in the future in similar situations.

As a beginner I was spending a lot of time on charts and analysis. During time, I was spending less and less time with them. So, it seems that with experience, you are spending less time on charts and more on trading.

I think it’s important to consider the difference between active learning and passive learning.

Make sure you use your time wisely and stay proactive to absorb the experience and knowledge.

Don’t just sit and stare at candlesticks without a plan or purpose.

Kind of like how people don’t learn anything in a 3 hour college lecture VS a 10 minute Youtube video.

Time must be used wisely.

This is what I’m struggling with at the moment, i sit infront for 3 hours just waiting for something to magical appear.

Might be time to review the strategy :thinking: