I am a Sydney based FX trader who use to be a FX dealer at a brokerage, i am now trading fulltime and coaching a bit on the side. My trading history is my credentials.
As corny as it sounds teaching is the best way to stay sharp and educate yourself. I am not here to solicite or Advertise. I exist throughout the net as tradealerter so am not hard to find if you have questions.
I trade 12-16 hours most days and mostly news flow/sentiment with a little techinical spice.
Lol much easier to make money as a broker/dealer than a trader. Watching other traders lose money again and again.
To make money Trading you need to have
Risk management - Once you blow up an account a few times you will relize its the leverage that is killing you. Dont risk more than 10% in open traders. Accepting Losses as the cost of doing business.
Good Information - If you can not read charts or price action or have a feel for markets then you need to know someone who does. The Internet is your best friend. Try to find a good chatroom, broker news, bank reports, make friends with a proper trader. Confidence to risk real money comes from success.
Finally, someone I can level with! I’m curious as to what sources/outlets you pay attention to (and as a related topic, which asset(s) you prefer to trade?).
I like to keep an eye on CNBC/CNN/Bloomberg for general risk appetite and equities sentiment, along with any random news pieces that my friends fill me in on.
Anything in particular you like to use or would suggest?