Hello to All. My name is Alex Yslava and I am a complete newbie. I’ve chosen Forex to begin my trading journey because before last week I only had $500 to begin with. I am 75 yrs old and on Social Security solely. When I first retired 15 years ago I could make it without any problems. Now it is very difficult to get through the month without pinching every penny that I have. I tried several other things before learning of trading to make a little extra in order to live comfortably without stress, which is what I go through every month now. That’s not a life but a chore.
IM had some promise but, My God, it is so involved and takes so much time and money that I had to find something else. Stocks and Options look good but again I’m not looking for a new ‘JOB’ stuck in front of my computer 12 hrs a day. So I began searching for anything that would help me make what I needed to live on comfortably and in a fashion that I used to before falling ill and losing everything. I used to be in construction, specializing in Kitchen and Bathroom Remodel. I wasn’t big but I had work the year around in good times and bad. When others were having a hard time finding work I was always busy. Then, somehow, I fell victim to Black Mold and spent almost a year and a half in the hospital. I had to sell everything I had built up just trying to survive. My insurance capped out at month 7 and I was left to deal with my bills on my own. That cost me everything and I retired unable to continue with any kind of physical work.
Now at 75 and with all my disabilities: asthma, arthritis and neuropathy I can’t get even a part-time job anywhere. I don’t like my situation and I want to change it somehow. Forex allows anyone to begin with a small account and that is what I have. Last month I was in the hospital going through radiation treatment for prostate cancer and while there, some S.O.B. hacked into my accounts and left me broke, and I do mean broke. I’ll have to barrow money just to open an account. It had taken me month’s to get what I had together and now it’s gone. So now my account will be super small, if I can even open one. Well I’m not going to just sit and cry. I am angry, yes, but I am not going to let it stop me from moving forward.
I was dumb enough to think I could do this on my own but I see now, how wrong I was. Not being a spiritual type I still want to believe that it was my Karma that moved to wake me up. My Higher Power shook my tree, so to speak, and so, I am here to hopefully make friends and to get direction on what to do next and how to do it. Like I said, " I am a complete newbie" and don’t even have an account anywhere yet. I wish I had deposited my money somewhere before being ripped off. So, my first order of business is to find a good broker, open an account and find a way to build up my account. I expect it’s going to take me some time so I will have to be patient and keep moving on, one small step at a time.
Almost forgot, I’m in California near Silicon Valley in a small town named Gilroy. My only experience is having read a few eBooks and watched video’s at YouTube which translate into sales copy for a ton of guru’s and wannabe’s. Not all but most. It seems everyone is selling something. I’m hoping for direction to the right Broker, the best books on the subject and recommendations to the best courses available. At first I will have to learn all I can here and when I’ve made some headway will consider outside courses. So, for now I am open to any suggestions.
This pretty much tells everyone who I am and where I am. Hope to meet you all inside. I also hope that I’ve covered everything required.
-Alex (alex44)
. Practically every position that a trader takes will see some negative pips at some point as it is almost impossible to hit the market at precisely the top or bottom. The question always is: how far do I let it go minus before deciding the position is wrong?