If I had to start trading from scratch: 👇👇
1. Education First – Before jumping into trading, the most important step is to educate yourself. Understanding market structure, risk management, and trading psychology is essential.
2. Building Capital – I would save up between $500 to $1,000 to fund my trading account without financial pressure.
3. Strategy Development & Testing – I would analyze charts and practice my trading strategy—one that is repeatable and consistently appears in the market. I would backtest and forward-test it rigorously to ensure its effectiveness.
4. Journaling & Performance Tracking – Over 2 to 3 months, I would document every trade from my backtesting to measure the success rate and refine my approach before going live.
5. Going Live with Risk Management – Once I confirm that my strategy works and I’ve gained enough confidence, I would transition to a live account while strictly following risk management principles.