Hello Forex people!

Hello all!
I’m a 20 year old cyber security professional from Europe trying to get better at forex trading. I’ve been trading since 2019 with demo accounts and in 2020 I got in to (way to quick :sweat_smile:) live accounts and lost my real money rather quick :woozy_face:. It was a great learning expercience to realise I still know notting about trading :stuck_out_tongue:.

I’m looking to make some money in the long run as I’m still pursuing a master study and don’t have much time to work and save up (accept for some studentjobs here and there) but do spend a lot of time behind a computer so my time behind the computer would be better spend learning forex trading, and it would be awesome if I would be able to create some form of financial freedom this. So yeah any help or tips would be welcome :smiley:.
Ps: I also just love trading, it really became a hobby

hi and welcome in this forum, i hope you will enjoy the environment with the great level of learning. just always remain cool when moving. thanks and happy trading.

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making some money from this trading place is possible but of course first of all need a good knowledge with a reliable support from a credible trading platform.

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Hi Haddar,
You could do worse than trying to make some money from a hobby. I sometimes think about my job like that. LOL.

Since you are aspiring to a Masters in Cyber security, I am sure you have been interested in the world of Crypto too. I have revisited my Forex trading passion as a result of investing in Crypto last year, and realizing that I am missing one huge hole in my knowledge, and that is to be have a strategy to cope with bear markets (and ideally choppy markets). So I have taken some of the crypto profits and decided to spend some time being far better at Forex trading than I had in the past.

Have you thought about automating any of the process of trading through setups, entries, trade management and exits? I would be very interested in your views. It is my hope that once I have my new algo determined and tested, I will be able to take some components of that and migrate those learnings across to the Crypto market where I intend to participate in leveraged trades in addition to long term HODLing.
Any help in that direction is highly sought after. :smile:

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You have to learn all the basics of forex properly and perfectly to make money from this market.

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Yeah, I had the same idea of automation, as if you have found a good trading strategy it would not be hard to implement that into some sort of AI or robot. Also a bit scared of crypto as its has very big highs and lows you don’t have the same stability as in forex (this might change because of the times were in :upside_down_face:).