Preschool>= Lesson Status ?
Kindergarten>= Lesson Status ?
Elementary>= Lesson Status ?
Grade 1 Support and Resistance Levels
Grade 2 Japanese Candlesticks
Grade 3 Fibonacci
Grade 4 Moving Averages
Grade 5 Common Chart Indicators
Middle School>= Lesson Status ?
Grade 7 Important Chart Patterns
Grade 8 Pivot Points
Summer School>= Lesson Status ?
High School>= Lesson Status ?
Grade 9 Trading Divergences
Grade 10 Market Environment
Grade 11 Trading Breakouts and Fakeouts
Grade 12 Fundamental Analysis
Grade 13 Currency Crosses
- What is a Currency Cross Pair?
- Crosses Present More Trading Opportunities
- Cleaner Trends and Ranges
- Taking Advantage of Interest Rate Differential
- Obscure Crosses
- Planning Around News and Fundamentals
- Creating Synthetic Pairs
- Euro and Yen Crosses
- How to Use Crosses to Trade the Majors
- How Cross Currency Pairs Affect Dollar Pairs
- Summary: Currency Crosses
Grade 14 Multiple Time Frame Analysis
Undergraduate>= Lesson Status ?
- Why Keep a Trade Journal?
- Benefits of Keeping a Journal
- What Should You Record in Your Journal?
- Potential Trading Area
- Entry Trigger
- Position Sizing
- Trade Management Rules
- Trade Retrospective
- Trading Journal Statistics
- Reviewing Your Trading Journal
- Difficulties of Keeping a Trade Journal
- Summary: Keeping a Trade Journal
Graduation>= Lesson Status ?
- Which Trading Style is Best for You?
- Which Currencies Should You Trade?
- What is Your Level of Trading Experience?
- Should You Be a Discretionary, Mechanical, or Hybrid Trader?
- What Kind of Mechanical System Suits Your Personality?
- What is Your Attitude Towards Risk?
- What Kind of Stop Suits Your Trading Style?
How much time each day/week/month (whichever is most appropriate) can you dedicate to the various requirements of trading and managing a trading system?
Your time availability will determine your trading style.
The shorter the timeframe you are trading, the more time you need in front of the charts.
If you're a day trader, since you're entering and exiting trades throughout the day, you need to be glued to the screen the whole time.
The longer the timeframe you trade, the less you have to watch the market. You can simply check your trade from time to time.
Don't forget about distractions!
When you say you can trade for 8 hours a day, does that mean 8 hours of your undivided attention staring at charts and analyzing economic data releases OR does that mean 8 hours of staring at charts, analyzing economic data release, cooking your Honeybun some breakfast, juggling knives, playing with your kids, watching Justin Bieber on YouTube, following Lady Gaga on Twitter, stalking someone on Facebook, and saving the world from the forces of evil?
Because if you were a scalper, you'd probably missed a lot of entries and exits, and end up instead scalping your own head due to your many losses or missed winning opportunities.
You also need to dedicate time to developing AND tweaking your trading system. Trading your system will require you stare at charts looking for possible entries. Once you're in a trade, you then need to manage it.
After you exit, you need time to review your trade and look for ways to improve. And then you need time to write everything you felt and did in your trading journal.
How much time you'll need to accomplish all of this will depend on your trading system.
Naturally, your trading system needs to factor in how much time you can dedicate.
This is all assuming you only have ONE trading system.
You should repeat this process for every trading system you wish to trade.
Whatever "operating hours" you decide, just make sure you're able to commit to it consistently.
While you are logged into your account,
you can save your progress in the School of Pipsology!
- What is a Trading Plan?
- Why Do you Need a Trading Plan?
- Justified vs. Unjustified
- Getting to Know Yourself
- Motivation and Goal Setting
- Risk Capital
- Lifestyle Considerations
- Daily Pre-Market Routine
- Weapons of Choice
- Stick to the Plan
- Summary: Developing a Trading Plan