Well the best thing you said is this [I]“ability to learn from mistakes”[/I]
You will make 1000 mistakes until you develop your own method that you like to interact with the market and reap profits on a consistent basis. The market will be your best teacher. Better than me, better those some other trader. Put what you learn into action and listen and learn what the market is tell you. It will tell you if your wrong, or right.
Where do you start?
How do you start anything? You need to learn the basics first. Good place to start. Is ,google, babypips school, my website, other peoples website, your local book store.
People ask us on here - how do they learn to trade? Its like the biggest question and they are expecting some elusive, esoteric, god like answer, that is a secret, that only the profitable traders know.
There is no secret to trading. The closest thing thing I have to a secret and that i tell every beginner is: [I]If your intentions are wrong don’t even bother. The only intention you should have is that a seemingly, comprehensible, easy to understand, obvious trade has presented itself. There is no other reason to trade![/I]
One thing you will notice is trading will bring out every single flaw you have in your mind from patience, discipline, and emotional control. Learning the trading methods and money management is the easy part. The hard part is mastering your mind, that little voice in your head that tells you to bend the rules of your trading method, tells you to take short cuts, tells you to change your method every day, tells you to revenge trade, over trade, anticipate a breakout, trade just because you feel like trading because you have an addictive personality.
That voice in your head is what you will need to ultimately master. If you don’t trading can really do some damage to your life especially if you have an addictive personality and can’t be mindful of your actions. I know a great day trader that is one of the strongest people i know. Because one day he tried to commit suicide because trading almost ruined his life he was a mess. 5 years later he’s doing great and has clients he trades for.
He just kept doing one thing. Learning from his mistakes and eventually he got there.
Start learning the basics.
Support and resistance
Momentum
Swing points
Charting formations
Money management
Once you done all that. The fun begins mastering your mind. If you don’t know what i mean. In 2 months you will.