market_bull
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BeginnerJoe
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JahDave
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I don't think that the process can be sped up..................It all depends on how much time you put in to learning..............I thought I could speed things up, but I was wrong...............If you look at another perspective then college takes about 4 years as well,,,,,,,,,,,,,,,,it took me 4 years to learn to trade................
There are traders that offer live trading rooms, which last for about one hour per day, they go through the charts and explain to their students what they are looking for within a trade setup using MACD, Stoch, Bollinder Bands, RSI or whatever indicator they use.
You should get from a good trader an understanding of where to look for Support and Resistance, how to use the above indicators to workout divergence, trade set ups and exit points.
They should fully explain MM and how to workout your SL based on 1 to 2 % of your account for anyone trade.
You should be able to get a mentor for about $100 per month and providing you have an account of over $5K, then the live trades provided by your mentor should cover the costs while you learn.
You will also get to meet other traders, you are at different levels of knowledge and experience, through the service your mentor provides.
This type of approach will help cut your learning curve, from possibly years to months and it is far better than reading a book and making costly trading mistake due to the inexperience of understanding the market and how price action works.
However we are now into the holiday period, so the markets will have much less liquidity until around September time, so you might want to wait until the more unpredictable zig zag months are over until investing your money, but you could still use this type of service to learn during this time, but don't be too disappointed if there aren't enough good trades to cover your monthly fee.
I know of a couple that would give you the foundation of a good education, but the time zone you live in might restrict your ability to use them, one is based in Europe and the other USA.
They both normally trade using 4H charts and above, one is more of a trend trader building into positions and the other trades mostly divergence, both look at 1.1 RTR and above.
But you need to think about what style of trading will best suit you and the time that you can commit, if you can gain the ability to read the previous weeks charts over the weekend then you could spend just 30 mins per day looking for conformation of any pairs that you felt looked promising for a trade set up based on your findings.
I think the main thing in Forex is keep it simple.
