My 5 Year Forex Strategy
A couple weeks ago I was thinking about getting into Forex.
A lot of people get into it thinking they’ll make easy money. I’m under so such illusions.
I don’t quite know why I started thinking about it, but I come up with the following “5 year plan”.
- Year 1: general discipline, trading view (charting website)
- Year 2: psychology of trading, tax implications of trading
- Year 3: forex deep dive, initial trading strategies
- Year 4: practice trading, continued strategy development
- Year 5: real trading
It was an attempt to ensure I wasn’t getting into this too quickly and would lose all my money.
How It’s Changed
In the 3 weeks since I made this, I’ve already changed it.
I don’t know if it will take the whole 5 years. I’d still like to learn Trade View charting, and for that I’ve started my Forex deep dive already.
Right now my general discipline consists of:
- Getting up early every day 5:22am (yes even weekends)
- Meditating twice a day (every morning and evening).
- Being more disciplined with my eating, I’ve already lost 5-8 pounds.
- Stretching to help my body relax.
I’ve started these routines around 100 days ago, so mid March. So these routines are already blessing me in other ways.
I don’t know where this journey will ultimately take me, but I’m approaching it cautiously and respectfully lest I lose my money.