Can't wait to start learning

Hey everyone!

My name is Marekatrek, a 27 year old dude from The Netherlands. I’ve seen this website mentioned a few times on Reddit, but it (already) exceeded my expectations.

My goal
I’ve been investing in ETF’s for some time now for my retirement, but I want to learn more about active trading. My main goal is to find an alternative source of income, so I can quit my full-time job. I understand it will take months of practice, and I’m prepared to do just that. My first objective is to not quit my job until I have made the same amount of my current salary for 3 months in a row with real money.

Why trading?
Maybe this sounds a bit naïve (that’s why I’m here to learn!), but it’s honestly the opportunity to make a good living by not having to work 40 hours a week. I’m not looing to get rich fast, but to earn the same amount of money with less hours put in.
Also, I’m a data guy that loves analyzing stuff. Those candle charts are like pure art to me.

Why Forex?
Good question. I’ve looked at stocks and Forex, and what appeals to me about Forex the most is the 24-hour action (I’m aware of super-spreads at certain times) and the high liquidity. Also I’ve always been interested in macro-economics and following the headlines, so that would fit nicely I think.

Why Babypips?
I strongly believe in learning by participating. Watching YouTube videos is fun, but it’s a one-way form of communicating. If I want to boost up my learning process, I need to talk to people and actively discuss strategies.

Thanks for letting me a part of this. This journey will be awesome.

Welcome. Good post, however forex is not an income source - that’s a nine to five job - because it’s speculative and wins and losses fall as the market decides. No guarantees ever.

It would take you at least 6 months (see next paragraph) to maybe become a break-even trader if you put in the damn hard work, but it could take you years to become consistently profitable.

The critical keys to success are, in equal order - 1) discipline and patience at all times, 2) risk and money management control to NOT LOSE MONEY, and 3) learning emotional control over outcomes.

Best of luck on your journey.

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Welcome. :slight_smile: