14 Year old trader looking for strategies and any advice would be greatly appreciate
14 years old?? Man I wish I had your mind when I was 14 lmao but you’re at the right place for sure. Go through the school on here and make sure you gain an understanding of everythinggg before even starting your demo account.
you’ve 4 years to master it, good luck
As @justshell, read the school if you aren’t already. And then after, or during (you decide), have a look at this section, the Trade Systems section. The link should sort the list of threads by views. And those views are from many, many years here. I figure, go through a couple of those top threads to find a system with a lot of information about it. There’s most likely other members still trading them today, so if you have questions, you can ask here.
Just remember, you need to figure out what type of trading style best suits you. Then find a strategy to match your style. I guess you could work the other way around - find a strategy, any strategy, try to trade it and see if it matches your style. I think in the beginning, trading any system or strategy, which clear rules is much better because if gives you structure and something to get used to. After you’re on the charts a bit, you can adjust the strategy to yourself, or find another one.
And congrats on giving this a try at 14. I mean wow. But please only trade what you’re willing to lose, if you decide to go live with real money. Not my recommendation, of course, as I think a demo account traded at least a couple hundred trades or several months is a minimum.
My 2 cents.
when 14 years old i was busy with only playing as like cricket and football . but really right now kids are more advanced than us. by the way, welcome to this community. and happy trading.
its a very young age to join this market place , just great. try to keep busy with learning particularly pre school level.
welcome handsome in baby pips. go through the psychology of school , its really important for you right now. good luck and always remain cool when learning.
school level is really important , agree but besides this practice regular basis is also important.
Read trading journals, read broker reviews, grab some simple ideas and start to test. If you fail grab another one. They have to be simple and intuitive its the main requirement that will enable you to understand your steps, successes and mistakes, i.e. keep control over your business. If you fail, grab another one, make tests to see if it suits you or not. The mechanics of the process is simple - you just have to avoid emotional interference with this process.
Reading books, journals will help you a lot or you can consult with an experienced once how to start.
Try first a demo account how it works really make trades and compare them wisely and its highly appreciated that you are starting at 14
Thats great!! Starting too soon, must go with some online tutorials along with the demo account.
Happy trading!
Focus on studying the market first. invest in time and knowledge rather than money. It will pay off.
That’s awesome that you are interested at 14! I’m relatively new an I can’t tell you how much the babypips school has helped me. Keep it up!
also, in this game, MINDSET is veryyy important. You can learn the skill, but if your mind isn’t on point then you’ll run into a lot of challenges. Start reading a lot of self-help books like Think and Grow Rich, The Secret, and many others,eat healthy, work out, start doing things that will benefit your overall life. This is very important if you’re looking to become a great profitable trader
That’s a very important information. Thanks.
besides studying its more appropriate to ensure regular practice session. otherwise knowledge from education will not lasting. practice makes a man perfect.
Advice
-learn how to trade through demo account
-demo account is for you to learn how to trade
–What is open and close order. How to draw lines
–make a trading strategy on the demo account
–live account is when you know how to trade
-experience will tell you what is right and what is not so give some time until you learn
Strategy
-use price action with one pattern, like pin bar, on one trading pair and develop rules for entry and exit
Start with BabyPips School & try to learn 1st basic! You have enough time to learn! And don’t invest your money too early!