Hello, I don’t have a lot to say but, I’ve been doing a little trading with not so much success. I hope I can get the basics, stay discipline, and patient by joining this team! BTW, I’m a fuel delivery truck Driver from Mississippi, thanks
To become successful in this market, you need make a good plan and trade according to the plan.
in spite of having good plan and strategies the result of trading can be useless if there is no money management , so emphasis on there first of all.
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there is no one who can survive successfully without learning , and its a continuous process even no way to stop learning in spite of making profit consistent level.
Hello and welcome, through babay pips you will get a good understanding of trading. To be a successful professional one needs more study and live market research. Also need to make a professional mind set.
what you think guys there is any difference between successful and professional traders ?
Try demo first. It is the best way to learn.
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Hello and welcome to the community, you are in the right place. This website has amazing resources for learning. Start from there. It takes time to be skilled so have patience.
Before you start studying and learning, identify what you need to learn.
Start with basics and set out a plan. Assuming you’re going to trade from charts, start with the simplest pattern an uptrend. You might need to list for research and study how trends are identified how they are compared to each other, what is a great trend, which forex pairs trend most (and which trend least), which time-frame is easiest to find trends on, how to enter a trend, where and why to exit, what does it look like when a trend stops trending, how to recognise a pull-back, what to do with a losing position, what to do with a winner, etc. etc.
Although the simplest pattern, entire books have been written about trading trends, and fortunes have been made from trading them right.
Same principles apply if you’re coming at this from another perspective. Understand what are the right things to learn before you start learning. Don’t learn things you don’t need.