Brand new to trading. Been talking about it for the past year and finally decided to dive in. I heard that this was a good place to start learning about Forex trading.
Took me 4 years, so I intend on being patient with learning how to trade. I keep hearing about the failure rate, well, I’ll make sure I get comfortable with what needs to be learned before live trading.
Welcome. Excellent mindset that you need to become successful. It will take time and continuous hard work, but the end results could be worthwhile.
Focus on emotional control, first and foremost. That’s an essential that you’ll need to find ways of overcoming fear and pain when trades don’t go your way.
Secondly, controlling risk and money management are critical.
These are the main two reasons why newbies fail to make the grade - they overtrade, in the main.
Best of luck learning on this site. The green Education button above is your starting entry. Take it slowly one step at a time.
You can never know what will happen in the market. But by preparing yourself for the worst, you can do a lot better. You can save yourself from over trading.
It takes years for people to reach where they want to in the forex market. Nearly every trader has seen the worst and only those who are ready to face the failures go ahead. There is hardly any trader who would have had a smooth journey. We have all seen ups and downs.