[For FX Beginners] Recommended Study Methods [Self-taught Explanation]
【For FX Beginners】 Recommended Study Method ①【Just Enjoy It】
For FX beginners, enjoying it should be the top priority.
Since consistency is important, the best approach is to first keep things simple and simply engage with it in a way that you enjoy.
【For FX Beginners】 Recommended Study Method ①【Just Enjoy It】
- Enjoy trading (personal favorite methods, feel free to reference)
- Enjoy online learning (for example, technical analysis on this blog)
- Enjoy reading books (for example, specialized books)
In such a manner, it’s best to first explore methods that you can enjoy.
Once you start enjoying it and want to accumulate profits, it should be fine to go a step deeper into study for those who feel that way.
Furthermore, as a concrete example of enjoying it, pursue small losses and large gains in trading.
Listening to online videos at 2x speed, or fast-forwarding online articles by voice, and other methods are recommended.
This is actually the study method I used when I was a FX beginner.
【Study Method: Unique】 FX beginners can start with BO as well
As for concrete study methods, I started with FX, but got bogged down by lot sizes and leverage, and couldn’t form a solid image, which left me unsettled.
So I started BO and found that my learning progressed more toward technical analysis than I expected, and I grew personally quite a bit.
Moreover, although profits are better in FX, since I aimed to master only technical analysis, I found using BO to be a viable study method.
※Because individual differences exist, this may not apply to everyone—please take it as a reference.
That said, BO can seem shady, and you may hear about scams, but is it really safe?
Some people might feel that way, and I was one of them in the past.
So I understand how you feel and recommend this as study for technical analysis.
Profit accumulation is OK with FX.
Nevertheless, once you start winning, aiming for profits with BO as well makes starting study tools ideal.
Therefore, for those who feel uneasy about lot sizes and leverage, there is a study method like mine; if you’re curious, it might be worth trying.
That said, some may not relate, but everyone’s thinking varies.
It can be recommended study method for those who can relate.
【For FX Beginners】 Recommended Study Method ②【Master Technical Analysis】
Exactly how to master technical analysis is described in the following article, which is written as a beginner-friendly FX article you can follow.
Please use as参考.
» 【Self-study: BO/FX Trader Path】 Summary of Study Methods【For Beginners】
I just want to help at least one more person improve in FX by reading this article, so those interested may also find other articles useful.
Having gone through years of trial and error, it should be helpful for beginners at least.
The general flow is that from the trading platform to learning methods and an example of technical analysis, everything is published for free, so reading from top to bottom covers most of the important content.
That said, I am not an expert, so I write articles about parts I personally want to study or where I don’t fully understand, so there may be parts that are unclear or lacking explanations.
If that happens, look it up yourself or use books like the ones below.
- 【FX】Dow Theory【Books: Title and Contents Included】
- FX books New Release “Top of Amazon Ranking by Google Search”
- 【Specialized】Self-Study/FX Study Method ⑥ Selected Best Books
Please check and click on these various books.
Sometimes the back cover wording differs from the detailed page, so verify with your own eyes and collect information.
Also, you can often preview several pages, which is itself educational.
For beginners, a method of reading only the table of contents and then searching those topics for study may be well-suited.
Lastly, since there is more extensive technical analysis released, please also check out this blog if you’re interested.
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