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Newbie friendly Roadmap To get Funding for your trading

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Newbie friendly Roadmap To get Funding for your trading
Newbie friendly Roadmap To get Funding for your trading

ROADMAP TO FUNDING

Introduction

Are you an aspiring trader looking for funding? Do you feel lost or overwhelmed with where to begin? Fear not, for I have created a roadmap to funding that will guide you through the process step-by-step. In this article, we will go over the different phases of the roadmap and what you can expect during each phase.

Building Phase (Months 1-3)

The first phase of the roadmap is the building phase, which spans from months 1-3. During this phase, your primary goal is to learn the basics of technical analysis and begin building your trading plan. Here are some steps you should take during this phase:

  • Join the community: Joining a trading community can be a great way to meet like-minded individuals and learn from experienced traders.
  • Watch the course content: The technical analysis module is a critical component of the course content that you should focus on. You should watch it at least three times to ensure that you understand the concepts fully.
  • Practice the training exercises: Once you have watched the technical analysis module, you should begin practicing the exercises and comparing them to the walkthroughs provided.
  • Ask questions and request feedback: As you start to familiarize yourself with the content, you should start asking questions and requesting chart feedback.
  • Build out your trading plan: Based on your personality and schedule, you should begin building out your trading plan during this phase.

Testing Phase (Months 4-6)

The testing phase is the second phase of the roadmap and spans from months 4-6. During this phase, your primary goal is to test your trading plan and build confidence in your approach. Here are some steps you should take during this phase:

  • Build case studies: You should begin collecting data and examples to prove that your trading plan has an edge.
  • Forward test: You should watch live price action and practice making markups on a daily or weekly basis.
  • Backtest: You should practice executing your trading plan on simulated historical price action.
  • Trade on a demo account: You should start trading on a demo account to build confidence in your plan.
  • Refine your edge: If you are struggling to correct remaining errors in your approach, you should consider one-on-one coaching sessions.

Trading Phase (Months 7-9)

The third phase of the roadmap is the trading phase, which spans from months 7-9. During this phase, your primary goal is to start trading a small personal live account and learn how to regulate your emotions. Here are some steps you should take during this phase:

  • Start trading a small personal live account: You should begin trading a small personal live account to gain experience.
  • Practice passing free trial challenges: Some prop firms offer free trial challenges that you can practice passing.

Funding Phase (Months 10-12)

The funding phase is the fourth phase of the roadmap and spans from months 10-12. During this phase, your primary goal is to begin going after funding challenges when you are confident and consistent with your strategy. Here are some steps you should take during this phase:

Go after funding challenges: You should begin looking for funding challenges to apply to when you are confident and consistent with your strategy.

Scaling Phase (Months 12+)

The scaling phase is the final phase of the roadmap and spans from month 12 onward. During this phase, your primary goal is to scale your funded account and continue to refine your edge. Here are some steps you should take during this phase:

  • Scale your funded account: You should begin scaling your funded account to grow your profits.
  • Continue to refine your edge: You should continue to refine your edge and improve your trading skills.

In conclusion, the roadmap to funding can be a long and challenging journey, but by following this 12-month plan, you can set yourself up for success. It’s important to remember that trading requires discipline, patience, and continuous learning. The process of building, testing, and refining your trading plan can take time, but it’s worth it in the end.

One additional tip is to keep a trading journal to track your progress and learn from your mistakes. It’s also important to stay up to date with market news and trends, as this can impact your trading strategies.

The roadmap to funding is a comprehensive plan that guides aspiring traders through each phase of the trading journey. By taking the time to learn the basics, test your trading plan, and build confidence in your approach, you can increase your chances of success in the trading world. Remember to stay disciplined, patient, and continue learning, and you’ll be well on your way to achieving your trading goals.

Simeon Bala
Author: Simeon Bala

An Information technology (IT) professional who is passionate about technology and building Inspiring the company’s people to love development, innovations, and client support through technology. With expertise in Quality/Process improvement and management, Risk Management. An outstanding customer service and management skills in resolving technical issues and educating end-users. An excellent team player making significant contributions to the team, and individual success, and mentoring. Background also includes experience with Virtualization, Cyber security and vulnerability assessment, Business intelligence, Search Engine Optimization, brand promotion, copywriting, strategic digital and social media marketing, computer networking, and software testing. Also keen about the financial, stock, and crypto market. With knowledge of technical analysis, value investing, and keep improving myself in all finance market spaces. Pioneer of the following platforms were I research and write on relevant topics. 1. https://publicopinion.org.ng 2. https://getdeals.com.ng 3. https://tradea.com.ng 4. https://9jaoncloud.com.ng Simeon Bala is an excellent problem solver with strong communication and interpersonal skills.

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An Information technology (IT) professional who is passionate about technology and building Inspiring the company’s people to love development, innovations, and client support through technology. With expertise in Quality/Process improvement and management, Risk Management. An outstanding customer service and management skills in resolving technical issues and educating end-users. An excellent team player making significant contributions to the team, and individual success, and mentoring. Background also includes experience with Virtualization, Cyber security and vulnerability assessment, Business intelligence, Search Engine Optimization, brand promotion, copywriting, strategic digital and social media marketing, computer networking, and software testing. Also keen about the financial, stock, and crypto market. With knowledge of technical analysis, value investing, and keep improving myself in all finance market spaces. Pioneer of the following platforms were I research and write on relevant topics. 1. https://publicopinion.org.ng 2. https://getdeals.com.ng 3. https://tradea.com.ng 4. https://9jaoncloud.com.ng Simeon Bala is an excellent problem solver with strong communication and interpersonal skills.