Post
Topic
Board Trading Discussion
Re: Is this a good plan for learning tradning ?
by
DoublerHunter
on 10/06/2021, 20:14:51 UTC
you need practical learning as well I think. I would encourage you to go for backtest and papertrading for months and see how you are dealing with past trends, reversal, etc and also try yourself out based on live data as well. see what are your weaknesses and strengths. Then I would suggest you start with small steps on real trading. Improve your emotional durability and improve your trading discipline.
^ It is definitely right and you have a point on this, a backtest could definitely improve your skills in trading and experience like you are in live trading. You can do it on tradingview.com and experiencing those technical analyses that could possibly happen. But believe me or not, there is no guarantee of making a profit in trading, so prepare yourself for the circumstances that will probably happen. It could use a small amount to test your ability in trading and then go for the amount that you can afford to lose. I think the most important is the trading plan and always stick to the plan whatever happens to the market price.