Ideal Beginner's Route to Profitability:



Do this for 2 months:
- Deposit what you earn in a week of work to an account.
- Consume free YouTube content & try to trade with those funds.

If after 2 months of doing that you have maintained the same energy as you had initially

Then it is worth it to proceed & invest substantial time & resources

Now, you should proceed to do the following:

- Find someone who trades a very simple, well-defined model that is easy to find & understand, or invent your own.
- Master this model in hindsight by backtesting it 3x 30 minutes throughout the day. (30 minute sessions are best IMO)
- Master this model in real time by forward-testing it on a demo account, journal every trade.
- Trade this model in real-time and use 1R = what you earn in an hour on average.

Extremely important to note:
This can only work if you commit to one strategy
If you're hopping between strategies, then you're always going to be stuck in phase one of the process.

Find one strategy.
Thoroughly vet & analyze this strategy to assure you won't be wasting your time later down the road.
But once you've committed, know that there's no switching.
Confusing yourself will only lengthen the journey to the destination.

It's a journey to a destination, you must pick a route and stick to that route.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
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