As with every human endevour it takes about 10 000 hours of practice to become profficient.
For begginers demo demo trading. Swithing to live after about 5000 traders executed and demo account in profit.
Than after about another 2 years and another 5000 live trades you should be good. That applies to the case that you want to trade manually, as you see fit based on marked condition. You may also be that smart that you discover some edge very early on and keep doing it until perfect. In that case it will take much shorter time.
1. Get a great coach and mentor who has been in the industry for a long time and knows what they are doing. Do everything they say and copy everything they do. Hopefully you find one who is willing to train you. I know of only one company here in Sydney offering anything close to professional training in an institutional trading environment. Msg me for details.
2. Work hard to learn everything you can and get right into the industry. Talk to traders, socialize with traders, go to the beach with traders.. make it your life. You become who you spend most of your time around.
3. Don't use ea's or robots unless they are proven in an institutional trading environment by people that have invested heavily in the technology I.e hedge fund traders. Good luck finding one of these! Your brain is much better than any ea.
4. Do something to increase your self control and discipline. Martial arts, go on a diet and stick to it, go to the gym and stick with it, military training, etc. You will know you have it when you can put on trades, change your trade direction anytime, and not trade when there is no opportunity, without thinking twice about it. With no emotional connection to an individual trade. Individual trades do not make the trader. It's the risk profile and account equity volatility that matters to investors.
Forget patterns, forget 'price action' , martingale... all that absolute nonsense, and just learn about fundamentals - once you learn them and see HOW they affect the market then start looking for technical ways to trade those fundamental moves...
Basically learn to INVEST and not GAMBLE....
Ever since I started trading on this principle I got to make a full time living from FX (from Fund Managing and Mentoring)
Good luck with it all.....
Oh and if you see a big move dont start looking at various patterns and S&R levels and start looking at stuff like R1 M1 etc etc - just look on Bloomberg or a news feed - youll start to see what is actually moving the markets and get a feel for investing...
AVERTISSEMENT SUR LE RISQUE ÉLEVÉ : Le trading de devises comporte un niveau de risque élevé qui peut ne pas convenir à tous les investisseurs.
Leffet de levier crée un risque supplémentaire et une exposition aux pertes. Avant de décider de négocier des devises, examinez attentivement vos objectifs dinvestissement, votre niveau dexpérience et votre tolérance au risque.
Vous pourriez perdre une partie ou la totalité de votre investissement initial. Ninvestissez pas largent que vous ne pouvez pas vous permettre de perdre. Renseignez-vous sur les risques associés au trading de devises et demandez conseil à un conseiller financier ou fiscal indépendant si vous avez des questions.
Toutes les données et informations sont fournies "en létat", uniquement à titre dinformation, et ne sont pas destinées à des fins de trading ou de recommandation.
Les performances passées ne sont pas indicatives des résultats futurs.