Farm Yard Forex
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What time frame are you trading?
Jungletrader
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By using trading view premium subscription where you can use replay functionality historical data
S
Smith2525
Try scalping the 1min and 5min time frames if you want action and excitement.
To learn faster, spend more time reading into strategies and trial them.
To learn faster, spend more time reading into strategies and trial them.
trade2bpro
Active member
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Try to practise all method as scalping, long-term trading, arbit, martingale, swap, cross trading,... at the same time and note all in a table.
taylorarnold
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I agree! One should avoid rushing and diving into live trading hastily. Instead should take his time and practise enough till he starts making consistent profits.
WalletInvestor
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Like others have said, trying shorter time frames can help, if you feel like you can handle it. It's also important to know your limits and manage your time wisely. However, there aren't any shortcuts really, so try to be patient with yourself and take as much time you need to learn.
You need to pick your timeframe first of all. This has to fit in with your lifestyle. No point trading 5min if you have a 9-5. Then you have to have a strategy/strategies to trade that timeframe. Then you have to backtest it and ensure you test the strategy under different market conditions over a reasonable period of time.
If you want to "fast forward", get an objective strategy and get it coded into MT4 or other platforms like Tradestation/Ninja. For the sake of £100-£200 for coding the strategy, it will save you alot of money trading it without backtesting and also alot of time doing the backtesting calculations yourself manually. You can lose many £000s just trading and then realise the strategy is flawed. Hope this makes sense!
If you want to "fast forward", get an objective strategy and get it coded into MT4 or other platforms like Tradestation/Ninja. For the sake of £100-£200 for coding the strategy, it will save you alot of money trading it without backtesting and also alot of time doing the backtesting calculations yourself manually. You can lose many £000s just trading and then realise the strategy is flawed. Hope this makes sense!
Yep this is true. Certainly immense hours of practise are required. I wouldn't even call it pain-staking. Its actually "rewarding" to find strategies that do not work. This is because it "saves you money" trading blind as it were. I love backtesting and happy to share/discuss the various techniques I have used over the past 20 years or so with anyone offline. Just PM me
You are probably asking about a shortcut that would help you.But I don't think any experienced trader would suggest this to you.Rather,you should take as much time as you need to get an understanding of the forex market.Also, you better don't forget that getting good resulton a demo account in no way means that you will get good results in the live market too.
Happy2trade
Junior member
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You cannot speed up your practice. Just keep practicing and tuning til you are ready to go live, where you can actually afford the losses.
Basically this. You will need to learn and put as much as skill you can into trading, so expecting a shortcut will never ends up well in your trading or everything in general.
Kaleb Rogers
Newbie
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There is no benefit of speeding up your practice trading if you don’t understand what you are doing. Trading is a difficult job and you won’t get good at it with overnight practice. You will have to spend enough time understanding the basics so that you know what is happening in the market and how you can take advantage of that.
jonahelen527
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It's important to know that shortcuts lead to losses, especially when you have no idea about what you could have done. You better give the required time to your learning so that you are prepared for different situations that can come by.
Whatever you are learning, keep implementing it on a demo account. It won't make your learning curve smaller but it's good for honing your skills. If you try to do it quickly, you will most probaby have to do it all over again, better take your time now.
Paper trading is good - Don't cheat! Journal your trades. Have a plan and stick to it. Trade in multiples. You can liquidate a portion and hold the rest. Short term trading is a great way for beginners to lose their $ fast. But then again I've only been in the markets for 50 years...
andrewborund597
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You can prefer practising on a demo as much as you can. But I'd suggest not to overburden yourself as it may stagnate your mind and restrict your understanding.
Chart_Hopper
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If that's what your trades are going to be like then ride it out in real time. Impatience will blow your accounts.
