My name is Hunter, and I’m a property manager during the day. I’ve been fascinated by daytrading stocks for a while now and now I’m going to be exploring forex as a potentially better market to day trade/ scalp.
My goal is to get rich slowly, and only have to work a few hours a day. I hate working 9-5 every day lol
Timing of entry and exit is very important especially for short term trader. Sometimes a 5 min late you can miss a very good entry. If it’s not timely you may need to widen your stop loss. Also sometimes you need to close the trade timely.
It’s good that you have chosen to trade forex in the coming time. It is surely going to benefit you a lot in the long run. You just have to make sure that you keep up with your learning and keep improving your skills.
Don’t focus on getting rich. This is the biggest mistake that newbies make and lose money. Instead of that, focus on learning and becoming a knowledgeable trader and ultimately become a successful trader. Forex trading is about saving yourself from the losses.