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TradingPool Beginner Trading Guide

The document outlines a beginner trading plan for 2024, including learning fundamentals over 1-2 months using free resources, building a trading strategy and backtesting it over 3-6 months, and then opening a live account with a preferred broker once ready. It recommends apps like MetaTrader 4/5, Notion, and TradingView for charting and journaling, and lists websites for risk management, news, and suggested prop firms and brokers.

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Devin
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1K views2 pages

TradingPool Beginner Trading Guide

The document outlines a beginner trading plan for 2024, including learning fundamentals over 1-2 months using free resources, building a trading strategy and backtesting it over 3-6 months, and then opening a live account with a preferred broker once ready. It recommends apps like MetaTrader 4/5, Notion, and TradingView for charting and journaling, and lists websites for risk management, news, and suggested prop firms and brokers.

Uploaded by

Devin
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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(AFSL: 282288)

(CAR: 001306707)

BEGINNER PLAN
2024
LEARN THE FUNDAMENTALS (1-2 MONTHS)

USE BABYPIPS.COM TO UNDERSTAND THE BASICS OF TRADING (FREE)

USE YOUTUBE TO UNDERSTAND SMART MONEY CONCEPTS


(SUPPLY AND DEMAND, MARKET STRUCTURE AND LIQUIDITY)

JOIN A MENTORSHIP IF NEEDED IF YOUTUBE IS NOT ENOUGH FOR FEEDBACK

BUILD YOUR SYSTEM WITH YOUR CHOSEN STRATEGY


(3-6 MONTHS)
CHOOSE YOUR STRATEGY THAT YOU WANT TO BUILD YOUR SYSTEM AROUND

BACKTEST OR FORWARD TEST 200-500 PIECES OF DATA

USE THE NOTION APP AS THE JOURNAL TO COLLECT THE DATA ON YOUR
SYSTEM

OPENING AN ACCOUNT AND GOING LIVE (6 MONTHS+)

ONCE YOUR DATA COLLECTION IS COMPLETED YOU WILL FEEL READY TO


OPEN A LIVE ACCOUNT AND REMEMBER YOU WILL NEVER STOP LEARNING
ESPECIALLY WITH THE PSYCHOLOGY ASPECT OF TRADING

MY PREFERRED PROP FIRM IS FUNDEDX BECAUSE OF THE RAW SPREADS

MY PREFERRED PERSONAL ACCOUNT BROKER IS FUSION MARKETS BECAUSE


OF THE RAW SPREADS

START SMALL AND BUILD YOUR WAY UP AND REMEMBER THAT IT IS A


MARATHON AND NOT A SPRINT

ORGANISED BY:
TRADINGPOOLPREMIUM.COM TRADINGPOOL PTY LTD
(AFSL: 282288)
(CAR: 001306707)

APPS/SITE NEEDED
2024
APPS NEEDED FOR TRADING
META TRADER 4 - TRADING PLATFORM
META TRADER 5 - TRADING PLATFORM
NOTION - JOURNALLING FOR DATA COLLECTION
TRADINGVIEW - CHARTING PLATFORM

WEBSITES NEEDED FOR TRADING


MYFXBOOK - RISK MANAGEMENT CALCULATOR
FOREXFACTORY - MONITOR NEWS EVENTS
FUNDEDX - PREFERRED PROP FIRM
FUSION MARKETS - PREFERRED PERSONAL ACCOUNT
DISCORD - IF YOU ARE LOOKING AT MENTORSHIPS

LINKS TO RESPECTIVE WEBSITES

HTTPS://WWW.MYFXBOOK.COM/FOREX-CALCULATORS/POSITION-SIZE
HTTPS://WWW.FOREXFACTORY.COM/
HTTPS://FNDXUSERPROD.FPFXTECH.IO/EVALUATION?AFFILIATEID=TRADINGPOOL
HTTPS://FUSIONMARKETS.COM/
HTTPS://WWW.TRADINGPOOLPREMIUM.COM/

ORGANISED BY:
TRADINGPOOLPREMIUM.COM TRADINGPOOL PTY LTD

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