So, I have been in and out Fx trading since 2017. had my losses, had my wins but after going through Babypips, my view and way of thinking changed.
I started trading the Babaypips way this week, and boy-oh-boy was it hard.
Putting a plan and then executing it. watching and wanting to do something, panicking the becoming greedy.
Switching between pairs and seeing other pairs move and the one i chose (GBPUSD) not making any movements, questioning my choices and doubting myself…
finally the week has come to an end, but that’s not it.
it’s time to review what happened, all the emotions and thoughts. go through the journal and improve the trading plan and STICKING TO IT.
I hope I’m doing it right. but only time can tell.
Hi. Nobody said it’s going to be easy. If it was, we’d all be millionaires. Just stick with it, Find what you’re good at and analyse all your trades outcomes.
My advice is NOT to risk more than 1% of your capital on any trade, and avoid trading more than two correlation pairs - e.g. EUR/USD & GBP/USD at any one time. That’s the only way to stay in the game while you’re learning.
Best of luck.
Thanks.
Defiantly risk management and patients are the main things that keep you going.
It is tempting but temptation can be managed and overcome as well.
It’s good that you spend a lot of time and energy on education, because knowledge and practical experience are key to the market.
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Nuances are important in our business, and it is not easy.
But there are great prospects and minimum restrictions - the main thing is to stick to the strategy and discipline.
Keep doing it wrong till you finally do it right. Everything improves with enough practice and patience. All the best.