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Forex Learning Tracker 8 Weeks

The document outlines an 8-week Forex learning tracker designed to guide beginners through essential concepts, tools, and strategies in Forex trading. Each week focuses on different topics such as market structure, platforms, candlestick patterns, risk management, and strategy development, culminating in a demo trading challenge and preparation for real-world trading. The tracker emphasizes practical learning through journaling, backtesting, and reflection on trading performance.

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0% found this document useful (0 votes)
32 views3 pages

Forex Learning Tracker 8 Weeks

The document outlines an 8-week Forex learning tracker designed to guide beginners through essential concepts, tools, and strategies in Forex trading. Each week focuses on different topics such as market structure, platforms, candlestick patterns, risk management, and strategy development, culminating in a demo trading challenge and preparation for real-world trading. The tracker emphasizes practical learning through journaling, backtesting, and reflection on trading performance.

Uploaded by

godswillumana22
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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8-Week Forex Learning Tracker

Week 1: Forex Basics & Market Structure

Mon: [ ] Learn what Forex is and how currency pairs work

Tue: [ ] Understand bid/ask, spreads, and major pairs

Wed: [ ] Learn about pips, lots, leverage, and margin

Thu: [ ] Study market sessions: London, New York, Asian

Fri: [ ] Explore types of orders: market, limit, stop

Sat: [ ] Recap the week and test your knowledge

Sun: [ ] Rest or watch 1 beginner-friendly Forex video

Week 2: Platforms & Tools

Mon: [ ] Create a demo account (IC Markets, Exness, etc.)

Tue: [ ] Learn how to use TradingView and MT4/MT5

Wed: [ ] Explore the interface and place test orders

Thu: [ ] Learn how to draw support and resistance lines

Fri: [ ] Begin watching price movement on real charts

Sat: [ ] Journal what you learned and review charts

Sun: [ ] Quiz yourself on platforms and chart tools

Week 3: Candlestick Patterns & Technical Basics

Mon: [ ] Learn the anatomy of a candlestick

Tue: [ ] Study Doji, Engulfing, Hammer, Shooting Star

Wed: [ ] Practice finding these patterns on real charts

Thu: [ ] Learn trendlines and how to spot a trend

Fri: [ ] Learn about chart timeframes and how to use them

Sat: [ ] Review and screenshot 3 real examples of patterns

Sun: [ ] Rest or watch a candlestick pattern tutorial

Week 4: Indicators & Strategy Building

Mon: [ ] Study Moving Averages (SMA/EMA)

Tue: [ ] Learn RSI: how to spot overbought/oversold

Wed: [ ] Learn MACD and Bollinger Bands

Thu: [ ] Apply indicators on demo charts (TradingView/MT4)


8-Week Forex Learning Tracker

Fri: [ ] Try building a simple Moving Average strategy

Sat: [ ] Backtest the strategy on a few charts

Sun: [ ] Reflect: What worked? What didn't?

Week 5: Risk Management & Psychology

Mon: [ ] Learn about risk/reward ratio and position sizing

Tue: [ ] Understand stop-loss and take-profit orders

Wed: [ ] Set up a risk calculator (Babypips or app)

Thu: [ ] Learn common psychological traps (FOMO, etc.)

Fri: [ ] Journal your emotional reactions to simulated trades

Sat: [ ] Practice risk rules in demo trades

Sun: [ ] Rest or read a post about trader psychology

Week 6: Strategy Focus & Backtesting

Mon: [ ] Pick one strategy and stick to it

Tue: [ ] Backtest it on different currency pairs

Wed: [ ] Backtest it on multiple timeframes

Thu: [ ] Refine entry and exit rules

Fri: [ ] Apply strategy live on demo (2-3 trades)

Sat: [ ] Log wins/losses in a trading journal

Sun: [ ] Reflect: Would you trade this with real money?

Week 7: Demo Trading Challenge

Mon: [ ] Start the 5-day trading challenge (demo)

Tue: [ ] Trade 1-2 setups per day, follow rules

Wed: [ ] Journal every trade with entry, reason, result

Thu: [ ] Stick to risk management even on losing days

Fri: [ ] Finish the challenge and analyze your stats

Sat: [ ] Review your strategy performance and confidence

Sun: [ ] Write down lessons learned

Week 8: Refinement & Real-World Readiness


8-Week Forex Learning Tracker

Mon: [ ] Identify your trading strengths and weaknesses

Tue: [ ] Write your personal trading plan

Wed: [ ] Decide if you're ready to start micro-lot trading

Thu: [ ] If yes, fund a small account ($100-$200 max)

Fri: [ ] Practice trading 0.01 lots with your strategy

Sat: [ ] Celebrate the milestone - you made it!

Sun: [ ] Plan how to keep improving (books, mentors, charts)

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