hello everyone… older and retired mom here wishing to become good in this field. hope to get lots of help from this site and from you of course. thanks in advance.
Welcome you have made a great first step,
It’s never to late to start.
Greatest thing about FX the markets is not going anywhere so you have all the time in the world to figure it out.
Do you have any thought of what trader your’e going to be? Fundamental or Technical or maybe a mixture of the both?
Myself I prefer technical with a sprinkle of fundamental so I’m not totally left behind by the world.
3 tips I think that well help any new trader.
Risk and money management is key
Create a system/strategy that has rules and procedures that you can stick by "If X happens then I do Y"
Everything has to have a reason, e.g Don’t put a stop loss somewhere because thats how much your willing to lose for example put it somewhere 5 pips under previous lows
Sorry if my tips are a bit confusing let me know if they are and I’ll definitely take the time to explain them more .
Happy pipping and have an awesome day
cheers