Started 10 years ago with $5000 now $2 million. Wanted to share my experience and help others trading forex, and yes it’s doable
Of course it is.
Trading style?
I think that what really works in Forex:
Yearly, Monthly, Weekly and Daily pivots.
Trend Channels.
Fibonacci retracements and expansions.
Head and Shoulders, double Top, double Bottom.
Divergences: Regular and hidden.
Harmonic patterns.
Candlestick patterns.
Gaps.
bastionrock, what is your top tip?
its all about thinking pips not dollar value when trading. Its easy to be drawn into a vicious circle of retrieving your losses when you need to focus on the next trade. Also, you should have certain criteria to execute a trade, never go on a hunch. If you have anymore questions don’t hesitate to ask
There’s much more to that, you forgot risk management too. To make millions you need a structured set of boundaries to trade or you’ll end up in a vicious circle. 99% of traders eventually end up understanding the basic principles of forex that you mentioned but still lose all their money within the first year of trading or they keep topping up their account till they can’t any more. They become gamblers. Hope that was helpful and if you or your friends have any more questions don’t hesitate to ask.