@thedylanmiller__: -—- 10-WEEK GUIDE —— Weeks 27: Understanding the Basics ME A TRADER 1. Research and Educatioho WEEKS - Start with the "School of Pipsology" on BabyPips to grasp the basics. + 2. Platform Familiarization - Choose a demo account on a platform like MetaTrader 4 or 5 and practice placing trades. 31 Weeks 3-4: Fundamental Analysis 3. Economic Indicators - Learn about key economic indicators using DailyFX's educational section. 4. News Analysis - Follow live market updates and news analysis on ForexLive. —————————————— Weeks 5-6; Technical analysis 5. Chart Patterns and Indicators - Study chart patterns on Investopedia and experiment with indicators on your demo + platform. 6. Backtesting - Practice backtesting strategies on Trading View or your chosen platform. 31 ——————————————- Weeks 7-8: Demo Trading 7. Selecting Pairs - Choose four major currency pairs and observe their behavior on a daily basis. 8. Demo Trading - Open a demo account with a broker like IG or OANDA and start executing trades. __________________________________ Weeks 9-10: Risk Management and Review 9. Risk Management - Develop a risk management plan, limiting each trade to 1-2% of your capital. 10. Review and Refine - Analyze your demo trading results, identify patterns, and refine your strategy accordingly. #forex #forextrading #tradingmentor
