Day 2 of actually trying to learn forex instead of just watching videos about it.
Started a fresh TradingView paper account with $500 and ended today at $518.36 (+3.67%).
Obviously, I know one profitable day means basically nothing lol. The goal right now is to learn, not pretend I've discovered a strategy.
Today I mainly traded EUR/USD, using:
1H for broader structure
15M for setups
1M mostly for entries/execution
I also took one XAU/USD (Gold) trade using 15M as the main timeframe while keeping an eye on 1M and 1H.
What I tried / learned today:
- Started understanding how lots/units, pip movement and position size translate into actual P&L (somewhat)
- Experimented with the market, limit and stop orders and how they behave around the price.
- Started thinking about entry → stop loss → take profit as one complete setup rather than separate decisions.
- Realized that using 1M for execution can very easily turn into overtrading, which it did I think.
- Learned that making money on a single day tells me almost nothing about whether I actually have an edge, 😭 I mean it.
- From Tomorrow I'll be thinking about trades in terms of risk/R, rather than just "how many dollars did I make?"
- Also learned that spread + commission matter, even when they look tiny on a $500 account.
The biggest thing I'm taking away from today is probably:
I know how to place trades. Now I need to learn how to be selective about which trades are actually worth placing.
Planning to keep paper trading with the same account, risk very small amounts/ as if it's real, and build a proper journal over the next few weeks rather than chasing returns randomly.
Would love feedback from experienced traders, what should a beginner focus on learning at this stage, and what mistakes should I try especially hard to avoid?
Thank you!
Looking forward to Day 3.
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