Follow all the rules 👇🏾#forexmarket #forexlifestyle #forexsuccess #forextraderlife #forexjourney

Follow all the rules 👇🏾
Weeks 1-2: Foundations
Goal: Understand what Forex is and how the market works.
Day 1-3: Learn the basics:
��What is Forex?
��Currency pairs (major, minor, exotic)
��Pips, lots, spreads, leverage
��Trading sessions and time zones
Day 4-7: Learn about brokers & platforms:
Choose a reliable broker (check
regulation & fees)
Open a demo account
��Learn MetaTrader 4/5 or TradingView
��Day 8-14: Study trading mechanics:
��Types of orders (market, limit, stop)
��Long vs short positions
��Risk management (stop-loss, position sizing)Margin & leverage risks
Weeks 3-4: Technical Analysis
Goal: Learn how to read charts and spot trading opportunities.
Day 15-18: Understand chart types &
timeframes
Day 19-22: Learn key tools:
Support & resistance
Understand Trendlines
Chart patterns (flags, head &
shoulders, triangles etc.)
Day 23-27: Learn indicators:
��Moving Averages
��RSI, MACD, Stochastic
��Fibonacci retracements
Day 28-30: Practice chart analysis on your demo account
Weeks 5-6: Strategy Building
Goal: Develop a strategy that fits your trading style.
Day 31-34: Study common strategies:
��Trend-followingBreakout trading
��Scalping vs swing trading
Day 35-38: Create your own trading
plan:
��Entry/exit rules
��Risk/reward ratio
��Trade journal setup
Day 39-42: Backtest your strategy on
historical data
Day 43-45: Simulate live trading on
demo
Weeks 7-8: Going Live & Improving
Goal: Start trading small & build consistency.
Day 46-49: Open a small live account
($100-$500)
Stick to your plan
• Trade with 1% risk or less der trade
Day 39-42: Backtest your strategy on
historical data
• demo
Day 43-45: Simulate live trading on
Weeks 7-8: Going Live & Improving
Goal: Start trading small & build consistency.
• Day 46-49: Open a small live account
($100-$500)
Stick to your plan

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