Hi there, my name is Mark and I am from Scotland. Have read some information on forex and I am now ready to open live account.
Iam looking to start small and grow as a trader baby steps .
I will look through the School and try and learn the information that is there.
Good Luck all and happy trading
Mark
Greetings Mark and welcome to the community! Always glad to greet new friends from Scotland, and I hope you find the School of Pipsology helpful in your forex education journey…good luck buddy!
thanks for the fast reply - hopefully I can get success. Iam personally looking to invest 150GBP per month for a period of 12 months to get a return of minimum of 10pc (as long as its a better return than a savings account I think that is realistic)
I want to make passive income from trading and hopefully I can get to a level that covers my monthly outgoings (do you think that is realistic )
again I am still new and know it is a long road but I am looking forward to it
thanks again
Mark
I think anything is possible mark if you work hard at it Based on my readings of famous traders, some of my experience, and some professional investors I know, developing the skill to create passive income is possible. Of course, we’re all different in our discipline, intelligence, talent, emotions, life situation, and willingness to take risk, but unless you’re incredibly lucky, a genius trader, or you already have access to a lot of capital, developing the skills to trade will most likely take years of practice. And that’s after you figure out the best trading style for you.
To set the proper expectations, I suggest reading up on traders like Jesse Livermore, Bill Lipschutz…or read books like The Playbook by Mike Bellafiore or the Market Wizards series by Jack Schwager. I hope that helps… good luck buddy!
thank you for the recommendations - I have got a list to work through, I think I will run through the school first of all to give me a good basic understanding.
thanks again for your input much appreciated
happy trading
mark