I’m currently trading a moving average strategy, and also a strategy based on trend lines. I’m working on getting better at sticking to my trading plan.
Once my positions are open, I’d like to continue educating myself and studying. Any suggestions for how I can enhance my trading?
My thoughts so far:
-Monitor charts and takes notes for upcoming trades in other pairs
-Read trading books
That’s all I got. Two ideas. Any other suggestions?
Cut down to one long-term strategy and trial it through a demo account until either you are consistently profitable or you understand why its not working for you and what sort of strategy would be better.
Spend some time back-testing your strategy on a sample pair through a typical 12mths period (i.e. not a pandemic or global financial crisis) to help you see the strategy’s strengths and weaknesses and the obstacles that prevent you maximising profit.
Leave the reading until later.
the result we get from our strategies honestly speaking not works in a real account for a long time , its all about short time trading approach , its according to me.
That’s good you want to get better at planning. Just try to maintain that confidence while you trade, one little confusion and panic can leave you demotivated and what we do first then, is to deviate from our plan. Just keep that motivation and confidence high, it will help you stick to your plan better and your focus will also imporve.
Learn to code your ruleset.
Learn to backtest it.
Otherwise you will need years to understand if your strategy is really profitable and robust.
Making a Profitable Trading strategy will require a lot of Efforts and we need to be ready for them 
The Moving Avg indicator is not enough to get a strong signal. Learn how to use Stochastic and Awesome Oscillator to merge with.
The school of pipsology is full of forex knowledge. You can start with learning the basic concepts and then, enhance your knowledge over time when you go live. Don’t risk a big amount in the beginning because you may not achieve what you have been expecting.
Remember one thing; MA is one strategy that works the best in strongly trending markets. They don’t tell where the price is going, they’ll rather tell where the price has been. So plan your moves accordingly.
I agree. It’s based on an average of where price has BEEN. Then again, all indicators are lagging. No?
I’m following the trend, not forecasting it. The charts will tell me when the trend is ending.