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 ) live accounts and lost my real money rather quick . It was a great learning expercience to realise I still know notting about trading .
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 .
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.
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.
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.
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 ).