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Beginner Trading Roadmap

The Beginner Trading Roadmap outlines a structured approach for new traders over eight weeks, starting with understanding trading basics, technical analysis, risk management, and psychology. It emphasizes the importance of choosing a market and broker, building a trading strategy, and practicing on demo accounts before transitioning to live trading. The roadmap encourages consistent tracking of trades and emotions to foster learning and discipline.

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mouadoukarroum0
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19 views3 pages

Beginner Trading Roadmap

The Beginner Trading Roadmap outlines a structured approach for new traders over eight weeks, starting with understanding trading basics, technical analysis, risk management, and psychology. It emphasizes the importance of choosing a market and broker, building a trading strategy, and practicing on demo accounts before transitioning to live trading. The roadmap encourages consistent tracking of trades and emotions to foster learning and discipline.

Uploaded by

mouadoukarroum0
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Beginner Trading Roadmap

Step 1: Understand the Basics (Week 1-2)

Goals: Learn trading vocabulary, markets, and tools.

Topics:

- What is trading? Difference between trading and investing.

- Types of markets: Forex, Crypto, Stocks, Indices, Commodities.

- Trading styles: Day trading, Swing trading, Scalping, Position trading.

- Basic terms: pips, lots, leverage, margin, stop loss, take profit, volatility, liquidity.

Resources:

- YouTube: "Trading 101" by BabyPips or Rayner Teo.

- Website: www.babypips.com (free and beginner-friendly).

- Tools: TradingView or MetaTrader 4/5.

Step 2: Learn Technical Analysis (Week 3-4)

Goals: Understand how to read price charts and identify trade opportunities.

Topics:

- Candlestick patterns (Doji, engulfing, hammer, etc.).

- Support and resistance.

- Trends and trendlines.

- Chart patterns (head and shoulders, double top/bottom).

- Indicators: Moving Averages, RSI, MACD, Bollinger Bands.

Practice:

- Use demo accounts for charting and testing.

- Mark support/resistance levels daily.


Beginner Trading Roadmap

Step 3: Risk Management & Psychology (Week 5)

Goals: Learn how to protect your capital and master your mindset.

Key Concepts:

- Risk/reward ratio (aim for at least 1:2).

- Position sizing: Risk 1-2% max per trade.

- Build a trading plan (entry/exit rules).

- Trading psychology: FOMO, revenge trading, discipline.

Recommended Books:

- "Trading in the Zone" by Mark Douglas.

- "The Psychology of Money" by Morgan Housel.

Step 4: Choose Your Market and Broker (Week 6)

Goals: Apply your learning and prepare for live trading.

Actions:

- Pick your market (Forex, Crypto, Stocks).

- Choose a reputable broker with low fees and a demo account.

- Start tracking your trades in a trading journal.

Step 5: Build and Test a Strategy (Week 7-8)

Goals: Create your own set of consistent trading rules.

Strategy Components:

- Choose timeframe (15-min, 1H, Daily, etc.).

- Define clear entry and exit rules.


Beginner Trading Roadmap

- Backtest and forward-test the strategy on demo.

- Track and adjust based on results.

After 2 Months:

- Stay on demo until consistently profitable for 2-3 months.

- Track every trade and emotion in a journal.

- Focus on learning and discipline more than making quick money.

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