Looking for advice regarding strategy

Hello, I am very new to forex (3 months in, consistent 2-4 hours a day of studying) and have barely looked into any technical analysis. I've spent the majority of the time looking at the psychological aspects of trading & have learned about proper risk management, what forex is and how it works, and how margin trading/leverage works albeit in a lot lesser quantity. I recognize the importance of developing your own strategy & trading rules as well as the length and effort needed to do so. I understand that it is important to create a strategy that works for you as an individual and that it makes sense to you. I feel as though I am ready to start to make my own strategy and trading plan (of course continuing to further study the topics I previously mentioned as well as others), however I have no idea where to start. I touched SMC briefly in the beginning, but I have heard varying things about it and unsure of whether it is a viable option or not. Any tips/advice/information on where to start or anything regarding the development of your own strategy and trading plan will be greatly appreciated. This may seem like a dumb or broad question, but the internet is clouded with unreliable information from someone trying to sell your course and I want to stray away from stuff like that. I'm not looking for a shortcut or anything of that sort, I just truly don't know where to start (like should I do purely chart analysis or research a strategy/methodology then build/develop it?). I'm 17 and am doing my senior year virtually so I have a lot of time on my hands to dedicate towards this.

Smc is good , just stick on 1 strategy . Make a strict rules . Is better you bactesting 100x time . If the result positive you can continue using that strategy . Set your mindset and target properly , 1%-2% every week consistently is more than enough . You just need tl adjust your capital and lot size . Dont jump to many strategy .

Hello, i am new to forex (3 months in already), I have questions bothering me concerning strategies and entries. I have learnt about trendlines, psychological levels (KEY LEVELS), Quasimodo and SMC...now please tell me, are all this under one strategy or they are all different strategies, and would it be possible to emerge them all if they are different strategies. thank you

Step 1: Learn the market cycle
Note: Never be a seller at support levels and a buyer at resistance levels. good luck 🤞

tahaeb posted:
Step 1: Learn the market cycle
Note: Never be a seller at support levels and a buyer at resistance levels. good luck 🤞

Very Powerful!!!!!!!!!

Sailenced posted:
Hello, I am very new to forex (3 months in, consistent 2-4 hours a day of studying) and have barely looked into any technical analysis. I've spent the majority of the time looking at the psychological aspects of trading & have learned about proper risk management, what forex is and how it works, and how margin trading/leverage works albeit in a lot lesser quantity. I recognize the importance of developing your own strategy & trading rules as well as the length and effort needed to do so. I understand that it is important to create a strategy that works for you as an individual and that it makes sense to you. I feel as though I am ready to start to make my own strategy and trading plan (of course continuing to further study the topics I previously mentioned as well as others), however I have no idea where to start. I touched SMC briefly in the beginning, but I have heard varying things about it and unsure of whether it is a viable option or not. Any tips/advice/information on where to start or anything regarding the development of your own strategy and trading plan will be greatly appreciated. This may seem like a dumb or broad question, but the internet is clouded with unreliable information from someone trying to sell your course and I want to stray away from stuff like that. I'm not looking for a shortcut or anything of that sort, I just truly don't know where to start (like should I do purely chart analysis or research a strategy/methodology then build/develop it?). I'm 17 and am doing my senior year virtually so I have a lot of time on my hands to dedicate towards this.

Hi,
I am new to trading too. I use rsi and price action. I believe in forward testing than back testing and it's better to forward test using demo.

So once you have you rules, forward test it. And once the trade is done, you can review and back test.