As a new trader the best place to learn how to trade is by going through the Babypips education section and signing up to track your progress
Whilst Babypips covers most things to do with forex trading, you can find that it can be information overload and applying every indicator you learn about can lead you to think you've found the holy grail but instead can turn in analysis paralysis because you are faced with too many signals.
These are the recommended Babypips lessons that I would use if I want to learn how to day trade without indicators and how I would apply the knowledge and practice
Start with Pre-School and work your way through the 'What, How, When, Who and Why's' of Forex
Think about the time you have to trade and what session that falls into
Continue to Kindergarten and get to know about Brokers, Analysis and Charts types
I recommend IC Markets if you are in the UK or Dominion Markets if you are in the US
Elementary
Grade 1 - Support and Resistance levels
Grade 2 - Japanese Candlesticks
Once you reach here I would have Trading View and start to look and apply support and resistance on the charts and look how candles react to these levels
This will be the main focus of trading with a naked chart, using S + R and candlesticks to create a strategy
Middle School
Grade 7 - Important Chart Patterns
Look for chart patterns on the charts as you learn them, how often do they occur and on what time frames are they common?
Go through all of High School, find out a bit more about Fundamentals and Top Down Analysis, Break out and Fake outs
Find out when news is released and what news affects the pair you intend to trade
I would go through Undergraduate - Freshman + Sophomore for information about News trading and watch the charts as the news is released. If you plan to trade any dollar pairs or commodities linked to the Dollar then learning about the Dollar Index (DXY) would be good to revise
Undergraduate - Junior + Senior are where you dive into your trading strategy and really start developing as a Trader. Identify the type of trader you are, create or work on a strategy you've found or learned, journal your progress and grow from your mistakes. Work on your risk management and trading style
Finally Graduation goes through common mistakes and extra tips for navigating through the forex market
The only things missed out from this learning is the use of indicators on the charts and while they can work for some people, less is always more when it comes to trading. Keeping it simple beats overcomplications
Happy learning!!!
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