What are other peoples study regimes? Over studying?

[B]Question for traders already making money:[/B]
How many hours a week did you study forex and how long did it take you to start making money?
How many pips a week do you make?

[B]Question for newbies:[/B]

How old are you? how many hours a week do you study? Ever have motivation issues?

[B]
So heres my system to study forex.[/B]
im 20
I spend 62.5 hours a week for work and gym (including driving/preparing for/to work/gym).
I spend 10 hours a week strictly studying forex
Probably spend 9 hours casually looking at forex related things.
Most days running on 7 hours sleep.
My motivation hasnt really been an issue at all because im genuinely interested in forex, its not just an escape my dayjob plan.

My average day goes 3:00am wake up 2 hour fx study, by 5:50am at gym, by 7:30 at work, by 5:30 home, when I get home if I have energy, look up more **** about forex, keep upto date. hit the pillow at 8pm instantly asleep.

Some days i feel so worn out i read fx news articles but dont comprehend anything, its going in one ear and out the other so to speak. anyone ealse had this?

[B]I welcome all opinions, its very helpfull for me to know what other people do and think.[/B]

I’m not surprised, looking at your schedule. I’m feeling exhausted, just from reading it. :slight_smile:

I’m an old lady of 26, but being 20 isn’t so far back that I can’t remember it.

[I]I needed more than 7 hours of sleep[/I] (and I suspect you might, too).

Seriously, I’m wondering if you might be suffering from some long-term, gradually accumulated difficulties with mild, chronic sleep deficit. These things can creep up on you very gradually, without you really noticing the cause. I’m wondering whether an increase to 8.5 hours of sleep per night, for 3 months, might demonstrate a world of difference?

You’ll perhaps instinctively feel that you don’t have the time for that, and with a schedule like that, who wouldn’t feel that? (I know one has to be willing to make short-term sacrifices for long-term benefits, but it really can’t be a lot of fun, going to bed at 8.00pm most nights, at the age of 20? But this goes to show how hard it is for “other people” to make suggestions, because “everyone’s different”? In your position, I’d probably go to the gym for 45 minutes two or three times a week (if that, to be honest), instead of what you’re doing now, but I’m guessing that will probably be an unacceptable experiment for you?).

About the same amount as you … maybe a little more. It depends what exactly you’re covering and referring to by the additional 9 hours per week “looking at forex-related things”, so I can’t quite tell, from your description.

Much longer than you’re aiming for, I suspect. :wink:

I was reading/learning/researching/being taught/practising on demo for four years (admittedly this was partly because I was “under-age” and couldn’t trade with real money until I was 18), and then it took nearly another three years after that before I was making what most people would call “a decent living”, although I admit I was “profitable” (i.e. rather than losing) fairly quickly, after all that education/research.

I was in an easier position than you, though. I was at high school to start with, and after that doing relatively undemanding courses at university while learning/trading, but I won’t pretend that that added up to anything like the same hours you’re doing in your job. It would definitely have taken me longer, with your hours/schedule.

Sorry - probably not what you wanted to hear, really. :8:

It’s not easy.

It helps more than you’d expect [B]not to be in a hurry[/B], and to be well-rested and alert, and to have had plenty of sleep.

Honestly.

The bad news is that people very often have unreasonably high expectations of what they can achieve relatively quickly.

The [I]much better[/I] news is that most people also have unreasonably [I]low[/I] expectations of what they could achieve slowly and gradually.

However you look at it, you clearly need to change [B]something[/B], though, if you’re always feeling worn out and often reading trading-related material and being too exhausted to take it in beneficially?

Fun seems like the cheap drug of good sensations, its quick and short, working hard gives me long lasting satisfaction. I had alot of fun when I was younger, partyed a lot from age 15. Got bored of it pretty quickly. I have a constructive personality so I can seem to make most work feel entertaining.

9 hours forex related things typically is keeping up with fx news, economic calendar, analyst opinion, sentimental analysis (tradebird feed).

Yeah I am in a rush haha but I manage stress pretty well. just mental fatigue I need to work on.

I think If I were to focus on scalping, making small low risk wins like you were advising me on another post I made. It would be possible to be making atleast some profit within a year.

Yeah your right I do need to change something possibly increase sleep or downtime slightly, I do have a habit of pushing myself to the point of wearing out for the sake of increasing level of will power/discipline. I have a theory that instead of decreasing my level of work because my mind cant handle it, work hard and keep pushing untill my mind adapts via neuroplasticity to handle the workload.

thanks for the input!

Fair enough (I never really tried it, to be honest: nobody would invite me, anyway :8: but I’m mostly fairly anti-social and perfectly happy that way). I prefer listening to CD’s to going to concerts, for the most part.

Ok, thanks (I never tried any of that, either, to be honest! Probably because I’d decided almost before I started only to trade intraday, and apart from knowing when there are scheduled news announcements, none of that stuff is really relevant to my own trading. And I don’t like it, admittedly.)

I suspect that that mental fatigue may be mostly caused by [I]physical[/I] fatigue??

Maybe …

For the record, I’m definitely not a “scalper” and have never advised anyone else to be a scalper, either.

I think scalping is a way of stacking the deck firmly [I]against[/I] aspiring traders.

It’s true that I never hold a position overnight, and don’t want to, but there’s a [U]world[/U] of difference between that and scalping.

That doesn’t make what I do a “better” way to trade, though (and there are plenty of people here - including some successful traders - who do the exact opposite): it’s just what suits me. Partly because I don’t really need “fundamentals” much, that way, which saved and saves me a lot of time. From the sound of your schedule, I also had more “screen-time” hours available than you have, which also probably saved me some time.

I hear you. I know people who go running “to raise energy-levels”. And it seems to work for them, too. Or they think it does anyway, which might be just as good (it might even be the same?). (I couldn’t do it, in these shoes, anyway.) People are different … I’ve said enough and will await others’ replies with interest … :33: